NEW YORK, Jan. 7, 2013 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched a daily marine fuels pricing and analysis service, Argus Marine Fuels. It provides unique market data and intelligent analysis of the increasingly complex marine fuels market.
Trade in marine fuels is changing quickly. Oil prices are high and volatile. New environmental regulations are forcing ships to burn more expensive low-sulfur fuels. Trading companies are entering the market as others abandon it. And with "bunkers" now accounting for up to 80pc of their operating expenses, shipowners and managers are taking a closer look at procurement costs.
Argus Marine Fuels throws a much needed light on this rapidly changing market. Relying on Argus' robust market-appropriate methodologies, the new service provides accurate price assessments for high and low-sulfur marine fuels at over 60 ports worldwide. Argus Marine Fuels gives subscribers critical insights into refuelling options at some of the world's lesser known ports. And its meticulous pricing of ECA-compliant bunkers in the Atlantic basin makes the service a crucial tool for anyone involved in the marine fuel trade.
"We are happy to add Argus Marine Fuels to our range of energy and transportation services," Argus Media chairman and chief executive Adrian Binks said. "The new service will add transparency to the international bunker fuels markets."
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About Argus Media
Argus is an independent media organisation with nearly 500 full time staff. It is headquartered in London and has offices in each of the world's principal energy centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus' staff are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and an Ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.
SOURCE Argus Media