Argus launches global base oils report

International energy pricing agency Argus has launched Argus Base Oils, a new global report for the international base oils market. Argus Base Oils is the first ever-global pricing report for the base oils market and is the first to contain indications of forward base oil prices. The report includes weekly physical price assessments for all major trading centers, as well as daily forward price updates. “The international base oils market is going through a period of exciting change. We are pleased to be able to provide the market with innovative pricing tools that will give buyers and sellers new options for contract pricing and risk management,” Argus Chairman and Chief Executive Adrian Binks says. (January 22, 2010)