The Crude Report: DJ Light hosts Cushing crude party

As increasing and more diverse light sweet Denver-Julesburg (DJ) crude volumes are delivered into Cushing, Oklahoma, from the Rocky Mountains, a need for better pricing has become all the more important.  And now more buyers than ever are depending on spot supplies due to variable lease supplies and fewer evergreen and term contracts.  In order to meet the needs of this changing market, Argus launched the DJ Light Cushing price on 28 June – which includes trades on four DJ Basin streams at Cushing – to better represent this market.