Argus (formerly known as Petroleum Argus Ltd) is an independent provider of price information, consultancy services, conferences, market data and business intelligence for the global

petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crud ...

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described ...

emissions Emission may refer to: Chemical products * Emission of air pollutants, notably: **Flue gas, gas exiting to the atmosphere via a flue ** Exhaust gas, flue gas generated by fuel combustion ** Emission of greenhouse gases, which absorb and emit rad ...

biofuels Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels, such as oil. According to the United States Energy Information Administration (E ...

biomass Biomass is plant-based material used as a fuel for heat or electricity production. It can be in the form of wood, wood residues, energy crops, agricultural residues, and waste from industry, farms, and households. Some people use the terms bi ...

, LPG,

metal A metal (from Greek μέταλλον ''métallon'', "mine, quarry, metal") is a material that, when freshly prepared, polished, or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. Metals are typicall ...

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

fertilizer A fertilizer (American English) or fertiliser (British English; see spelling differences) is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from ...

agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to ...

and

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dea ...

industries.

Overview

Argus is a privately held UK-registered company which produces price assessments and analysis of international energy and other commodity markets, and also offers consulting services and conferences. Argus was the first price-reporting agency to apply an IOSCO audit for its energy benchmarks. Argus was owned by the family of its founder Jan Nasmyth and its senior staff, but in September 2016 a majority-stake was sold to the equity firm General Atlantic valuing the company at $1.4 billion. Argus's headquarters are in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, with major offices in Washington, Houston, Singapore, New York, Dubai, Astana, Kyiv, Tokyo and Beijing as well as employees in other key locations including Venezuela, Argentina and Chile. Prices assessed by Argus for energy, fertilizer, metals, petrochemicals and agriculture markets are widely used as benchmarks to settle futures contracts and as indexes for short or long term physical supply contracts.

History

Argus was established in 1970 by former Daily Telegraph journalist Jan Nasmyth. In 1979, Argus became the first reporting agency to quote crude oil prices and published the first ever daily crude market

wire Overhead power cabling. The conductor consists of seven strands of steel (centre, high tensile strength), surrounded by four outer layers of aluminium (high conductivity). Sample diameter 40 mm A wire is a flexible strand of metal. Wire is c ...

. In 2011, Argus bought FMB Consultants Ltd (FMB) - a price reporting agency for international fertilizer markets. FMB was founded in 1982 and focused on nitrogen, phosphate, sulphur, potash and ammonia. In 2012, Argus also acquired US petrochemical market intelligence, pricing and consulting firm DeWitt & Co, and European power and gas fundamental data provider Fundalytics. In 2013, Argus bought petrochemical market specialists TABrewer Consulting and Jim Jordan & Associates. Argus launched coverage of the global iron ore market with daily report Argus Steel Feedstocks in February 2013. Argus expanded its metals coverage further in 2015, after acquiring MetalPrices.com - a specialist pricing, news and analysis service focusing on speciality metals, rare earths and ferro-alloys. In 2018, Argus purchased Integer Research a London-based market intelligence, conference and consulting firm. In 2019, Argus acquired German oil reporting specialist O.M.R. In 2020, Argus bought French agricultural intelligence company Agritel. In 2021, Argus acquired the renewable chemicals specialist Oleochem Analytics. In 2022, Argus acquired Pipe Logix, a US-based provider of pipe and tube market information.

Awards

Argus won the Queen's Award for Enterprise: International Trade (Export) in the UK in

2002 File:2002 Events Collage.png, From left, clockwise: The 2002 Winter Olympics are held in Salt Lake City; Queen Elizabeth The Queen Mother and her daughter Princess Margaret, Countess of Snowdon die; East Timor gains East Timor independence, indepe ...

2009 File:2009 Events Collage V2.png, From top left, clockwise: The vertical stabilizer of Air France Flight 447 is pulled out from the Atlantic Ocean; Barack Obama becomes the first African American to become President of the United States; 2009 Iran ...

and 2015.

References

External links

* {{Official website, http://www.argusmedia.com/ Mass media companies based in London Business services companies established in 1970 1970 establishments in England