Cheloniatrading

U.S. petroleum refinery list

https://www.eia.gov/petroleum/refinerycapacity/

132 Operating Refineries in the US only, with crude distillation capacity of 18.4 million barrels per day As of January 1st, 2025.

Location based price benchmarks for energy products

✅ USGC (U.S. Gulf Coast)

Covers Houston, New Orleans, and surrounding refineries.

✅ Gulf / MEG (Middle East Gulf)

Covers major hubs like Fujairah (UAE), Ras Tanura (Saudi Arabia), and other Middle Eastern ports. A reference point for exports from the region.

✅ MOPS (Mean of Platts Singapore)

In the Asia and Oceania region, this is for the Singapore oil spot market is commonly used as the benchmark price for trading oil products

✅ The Shanghai International Energy Exchange (INE)

crude oil futures contract is China’s domestic benchmark for crude oil, priced in yuan

✅ Dubai/Oman

This is a key benchmark for Middle Eastern crude oil exported to Asia. It is an average of the prices of Dubai and Oman crude, which are both medium and sour crude oils.

✅ Platts Tapis Crude

This is a light and sweet Malaysian crude oil that serves as a regional benchmark, particularly in Singapore. Tapis is often priced higher than global benchmarks because it requires less refining.

✅ NWE (North West Europe)

Rotterdam, Amsterdam, Antwerp, Hamburg – the key pricing hub for Europe.

✅ ARA (Amsterdam–Rotterdam–Antwerp)

This tri-port region is the largest fuel trading & storage hub in Europe. ‘Platts ARA’ means barge & storage prices in this zone.

✅ JKM (Japan Korea Marker)

is a widely recognized benchmark that reflects the spot market value of LNG in Northeast Asia

✅ Med (Mediterranean)

Covers ports like Genoa, Lavera, Piraeus, Istanbul. Important benchmark for Southern Europe.

✅ Platts Dated Brent

Brazil, as Latin America’s largest market, uses Platts Dated Brent and other Platts benchmarks for its oil and gas royalty calculations.

Metal benchmarks

✅ LME/ London Metal Exchange

Most of the world’s non-ferrous metal trade is priced against LME benchmarks.

✅ LBMA/ London Bullion Market Association

Provides independent benchmarks for precious metals like gold and silver.

✅ SMM / Shanghai Metals Market

SMM provides extensive transactional price information and data on various metals within China and globally, using market exchanges and its internal databases.

✅ COMEX

Regional benchmark for North America, particularly the U.S. copper market.

✅ SHFE / Shanghai Futures Exchange

Reference point within mainland China for base metals.

✅ CRU index

Widely used benchmark for steel.

Chemicals

✅ ICIS

Key benchmarks are provided by independent agencies

✅ U.S. Producer Price Index

Track overall price trends and changes.

Agricultural commodities

✅ Chicago Board of Trade / CBOT

Prices wheat, soyabean

✅ Intercontinental Exchange/ ICE

prices cocoa, coffee, cotton, and sugar.

✅ S&P Global Platts and Argus Media

Provide price assessments for various agricultural products

Market Benchmarks