Introduction of new products and data sources

Russia Launches Oil Product Netbacks for Three Vast Areas

Moscow, 11 April 2016 – News and price reporting agency Argus and Russian commodity exchange Spimex have launched netback price indexes for refined products in Russia in line with recommendations by the country’s federal anti-monopoly service FAS.

The new indexes developed jointly by Argus and Spimex are derived from Argus assessments for oil products prices in northwest Europe, the Mediterranean market and Asia-Pacific that are netted back to Russian refinery gate prices by subtracting export duty, freight, loading costs, and railway, pipeline or river transportation and associated costs. These indexes, together with exchange and OTC indexes published by Spimex, are designed to establish reliable price indicators and increase transparency in the Russian refined products market.

Argus and Spimex began publishing the netback indexes for regular and premium motor gasoline, summer diesel, jet fuel and fuel oil on 4 April. The netback price indexes were developed for three vast Russian federal multi-region territories – European Russia, the Urals and Siberia, and the Russian far east and Siberia. For this reason they are known as “territorial” indexes.

The indexes are available on the Spimex website, as well as in the daily Argus Russian Motor Fuels and Argus Russian Fuel Oil reports.

“We are delighted to be able to produce new indexes with Spimex that add to the transparency of the Russian refined products market. We are committed to the further long-term development of our reporting on Russian commodity markets, having had a presence in the country for over 20 years,” Argus Media executive chairman and publisher Adrian Binks said.

“The launch of the new indexes conforms to Spimex’s primary objectives — development of market pricing and creation of reliable market indicators for the most significant commodities,” Spimex president Alexey Rybnikov said. “We hope that this step that we make together with Argus will allow for better performance of our customers’ tasks of building sales channels and market analysis, and will meet the government’s requirements concerning control over the market situation.”

Indexes published in the daily Argus Russian Netbacks report are used as a basis for calculating the territorial netback indexes. Volume-weighted averages are calculated based on the netbacks at specific refineries, taking into account the volume of oil products sold by these refineries on Spimex.

Russian domestic market prices are often set at around parity with export values, because the country is one of the major global exporters of oil products.

Argus Russian Netbacks contains detailed daily calculations of export netbacks for crude, gasoline, naphtha, diesel, gasoil, jet fuel, vacuum gasoil, fuel oil, LPG, methane and base oils for all key Russian producers on major pipeline, rail and river routes. Argus calculates export netbacks taking into account key exporter costs, such as transportation and loading of standard cargoes.

The methodology for Argus Russian Netbacks can be found at

Contact Information


Vyacheslav Mischenko

phone icon+7 495 933 75 71

email icon


Data Sources: Argus


More Articles on Data Vendors

Introduction of new products and data sources EOXLive Active Markets Video Demonstration Now Available

OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, is pleased to announce the availability of a video demonstration of EOXLive Active Markets. EOXLive includes pre-trade markets and last-traded prices for energy futures and options, leveraging OTCGH’s strong market share ... Read more »

Data Sources: EOX Holdings

Introduction of new products and data sources EPEX SPOT and ECC Successfully Reduce Lead Time on All Intraday Markets

Paris / Leipzig / Bern / Vienna, 16 July 2015. The European Power Exchange EPEX SPOT, together with its clearing house European Commodity Clearing (ECC), have successfully reduced the lead time on all intraday markets as of today. Trading now ... Read more »

Data Sources: EPEX

Introduction of new products and data sources Powernext Publishes the French Residual Mix for 2014

Paris, 6 July 2015. Following a formal request from the Energy and Climate Authority (Direction Générale de l’Energie et du Climat or DGEC) relative to the tracking of renewable energy, Powernext, as the National Registry for electricity guarantees of origin, is ... Read more »

Data Sources: Powernext

Introduction of new products and data sources ZE Adds Argus Spot Ticker Benchmark Data Service

June 1, 2015 – ZE is pleased to announce the addition of select data from the recently developed Argus Spot Ticker. This service targets the needs of the downstream fuels sector by providing pricing transparency to US gasoline, diesel, heating oil, ... Read more »

Data Sources: Argus  |  Effective Date: June 01, 2015

Introduction of new products and data sources ZEMA Adds Electricity, Gas, Wind, Water, Oil, and Petrochemical Assessments in June

For 20 years, ZE PowerGroup Inc. (ZE) has consistently kept up to date on the latest in energy and commodity data changes. ZE collects data spanning oil, natural gas, electricity, weather, agriculture, emissions, and finance. ZE then provides its clients ... Read more »

Introduction of new products and data sources Carbon Market Data Launches the India Greenhouse Gas Reporting Company Database

June 3, 2015 – Carbon Market Data is happy to announce the launch of the India Greenhouse Gas Reporting Company Database. The India GHG Reporting Company Database provides CO2 emissions data as well as power capacity and generation information on around ... Read more »

Data Sources: Carbon Market Data

Potential impact on data SEEPEX Targets Launch of Serbian Day-Ahead Market by End of November 2015

Belgrade / Paris, 24 June 2015. The project partners of the South Eastern European Power Exchange (SEEPEX) target the launch of the Serbian day-ahead market by end of November 2015, subject to successful member testing and regulatory approval. This was ... Read more »

Data Sources: EPEX

Introduction of new products and data sources New Exchange Council Approves Organised Secondary Market for Capacity Guarantees in France

Leipzig / Paris, 11 June 2015 – At its constituent meeting in Leipzig, the Members of the Exchange Council of EPEX SPOT elected Peter Heydecker as their Chairman. They also designated Dr. Michael Redanz from MVV Trading, Mr Andrea Siri ... Read more »

Data Sources: EPEX

Introduction of new products and data sources EEX and EPEX SPOT Approved as Pre-registered RRM

Leipzig / Paris / Copenhagen, 4 June 2015 . European Energy Exchange (EEX) and EPEX SPOT have been approved as pre-registered reporting mechanisms (RRMs) by the Agency for the Cooperation of Energy Regulators (ACER). The authorisation as an RRM is ... Read more »

Data Sources: EPEX

Introduction of new products and data sources Iraq’s New Basrah Heavy to Become Third-Biggest Freely Traded Mideast Gulf Crude Stream

Singapore, 19 May 2015 – Iraq has scheduled a greater-than-expected inaugural amount of exports of its new Basrah Heavy crude grade, which will enable the country to further expand its market share in Asia-Pacific and North America. Iraq is Opec’s ... Read more »

Data Sources: Argus


Page 5 of 37« First...34567...102030...Last »