Argus Launches a Non-Russian Diesel Cargo Assessment

Tuesday, March 29, 2022

Price reporting agency Argus launched a new non-Russian diesel cargo assessment delivered into the Antwerp-Rotterdam-Amsterdam (ARA) port complex, the agency said.

"The new price will represent fair market value of non-Russian diesel, providing buyers and sellers which do not wish to trade Russian diesel with an alternative benchmark value," Argus said.

Russia has been a key supplier to Europe, accounting for up to 60% of diesel imported into the region each year, according to Argus.

The announcement came after competitor S&P Global Platts said last week its trading platform would allow participants to specify any restrictions on the origin of products, in a move that could make it easier for market players to boycott Russian oil. Read full story

On March 25, Platts said its assessments of European naphtha cargoes will no longer reflect Russia-origin product, effective immediately.

(Retuers reporting by Bozorgmehr Sharafedin and Ahmad Ghaddar, Editing by Louise Heavens, Kirsten Donovan)

Categories: Energy Russia Industry News Oil Production

Related Stories

TotalEnergies' Dalia Oilfield in Angola to start 35-day Maintenance in Feb.

SMST to Deliver Equipment for First Asia-designed CSOV

SSE Renewables Taps Bureau Veritas for Irish Offshore Wind Farm Certification

Current News

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

Aker BP Awards Edvard Grieg EPCI Contract to Moreld Apply

Ørsted and Eversource Bid for New Offshore Wind Farm in New York

BP Spuds Exploration Well in Caspian Sea

Subscribe for OE Digital E‑News