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Business Miscellaneous in Business . 3 months ago
The Argus Sour Crude Index (ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts.
The ASCI methodology creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil.
The three crude oil grade components are Mars, Poseidon, and Southern Green Canyon.
Thus the daily ASCI price published by Argus Media Ltd represents the value of US Gulf coast medium sour crude oil.
Posted on 02 Oct 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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