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Price Assessment

Platts American GulfCoast Select (Platts AGS)

  • What is Platts American GulfCoast Select?
  • How do we assess Platts American GulfCoast Select?
  • Evolution of Platts American GulfCoast Select
  • Platts American GulfCoast Select – Export Crude Commentary

What is Platts American GulfCoast Select?


Platts AGS reflects the value of light sweet crude oil loading 15-45 days forward on an FOB basis from locations along the US Gulf Coast including Houston, Corpus Christi, Beaumont, Nederland, Texas City, and Port Arthur, with the most competitive location on a cargo-size normalized basis setting the price assessment.

This crude oil assessment reflects a typical cargo size of 700,000 barrels, with bids, offers and trades between 550,000 and 800,000 barrels eligible for use in the assessment but normalized to reflect the freight economics of the typical cargo size. The assessment reflects the Platts WTI Midland grade supplied directly from the Permian Basin on the BridgeTex, Longhorn, Midland-to-Echo I/II, Cactus I/II, EPIC, Gray Oak, and Permian Express pipelines with API between 40 and 44 and .2% sulfur limit, among other specifications.

Learn more in the FAQ >

How do we assess Platts American GulfCoast Select?

Platts AGS is assessed based on market information gathered during the day by market reporting staff and bids, offers, and trades published on the Platts eWindow communication tool. The assessment follows Platts Market on Close principles with bids, offers, and trades – converted to outright values for comparison – determining value at the 1:30 Central Time close.

Evolution of Platts American GulfCoast Select

Platts AGS brings the US oil market a new benchmark assessment that reflects the value of high-quality, export-ready crude at the intersection of domestic and global demand, free of any distortion from logistics.

Platts American GulfCoast Select – Export Crude Commentary

  • November WTI FOB Houston trade heard around Jan ICE Brent minus $2/b
  • US crude exports hold stead at 3.1 million b/d

Indications for late-November and early-December-loading US Gulf Coast crude cargoes emerged Oct. 23 with offer levels and trades heard talked in the market.

A trade for a late-November loading WTI FOB cargo in Houston was talked at a $2/b discount to January ICE Brent.

Offers for December-loading WTI were heard talked between a $1.50/b and $1.60/b discount to February ICE Brent.

Taking those indications into account, Platts American GulfCoast Select was assessed 73 cents/b weaker to end the week at an outright value of $40.16/b. Against the 15-45 day forward Dated Brent strip, Platts AGS was assessed 15 cents/b weaker at a $1.13 cents/b discount.

US crude exports held steady for the week ending Oct. 23, according to S&P Global Platts analytics data.

Volumes for the week averaged about 3.1 million b/d, which was virtually unchanged from the week prior.

Loadings were focused mainly in Houston and Corpus Christi/Ingleside. For the second week in a row, no vessels were loaded at the Louisiana Offshore Oil Port. Ingleside accounted for the top volume, with nearly 6 million barrels loaded at that location.

Methodology and Specifications

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See all oil methodologies

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