Argus launches first Canadian CFR road fuel spot price assessments

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Feb 29, 2024, 08:30 ET

HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched a Canadian Clean Fuel Regulation (CFR) spot market assessment to bring new price transparency to the supply chain and enable fuel manufacturers to understand the cost of complying with environmental legislation for each litre of gasoline or diesel they sell. The new daily price represents the first assessment of the Canadian CFR market underpinned by traditional survey assessment methodology.

Canada's CFR targets a 15pc reduction in nationwide transportation fuel carbon intensity by 2030. Conventional, higher-carbon fuels that exceed annual limits incur deficits that suppliers must offset with credits generated from the distribution of approved, lower-carbon alternatives, including renewable diesel and ethanol.

Argus Media chairman and chief executive Adrian Binks said: "The significant changes under way in low carbon fuel standard (LCFS) programs in North America make Argus price assessments, news and analysis of these markets essential. We have worked closely with the industry to develop this new CFR assessment, underpinned by our leading survey methodology to bring new transparency to this important environmental market as it continues to evolve."

Argus offers the most comprehensive LCFS coverage. It assesses the Canadian CFR market and offers four quarters of pricing for California's LCFS and Oregon's Clean Fuels Program. Argus also assesses spot LCFS prices for California, Oregon and Washington state.

Argus contact information

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Houston: Matt Oatway
+1 713 968 0000
Email Matt

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

About Argus Media

Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.

Headquartered in London with over 1,300 staff, Argus is an independent media organisation with 29 offices in the world's principal commodity trading hubs.

Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.

Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.

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