HOUSTON, April 24,
2024 /PRNewswire/ -- Bolivian state-owned oil
company YPFB has switched to global energy and commodity price
reporting agency Argus as the basis for pricing imported supplies
of crude and petroleum products.
YPFB is responsible for all of Bolivia's motor fuel imports, which amount to
around 40,000 b/d. Bolivia is highly dependent on imports, which
fulfil about two-thirds of local demand.
YPFB will issue tenders to buy crude, diesel, gasoline and
naphtha using Argus US Gulf coast prices as the contractual
reference. Most oil imports to Bolivia come from the US Gulf coast, so
pricing based on this region accurately reflects real supply and
demand fundamentals.
Argus Media chairman and chief executive Adrian Binks said: "We are delighted that YPFB
has chosen to rely on Argus prices. Over the past decade we have
greatly improved Argus' representation in and coverage of markets
in South America, which are
growing, dynamic and increasingly important in world terms."
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 1,400 staff, Argus is an independent media organisation with
30 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.
Trademark notices
ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN
MARKETS, AOM, FMB, DEWITT, JIM
JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES,
METALPRICES.COM, INTEGER, Argus publication titles and Argus index
names are trademarks of Argus Media Limited.
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SOURCE Argus Media