international magazine
10 / 2006

BP passed its BPAP quotation to Argus Media
Platts had an original answer to the major's forced move

Familiar to East-European traders quotations on BP's propane-butane (LPG), which were earlier published by the American agency Platts as BPAP (BP Agreed Price), are now transferred to the British agency on global energy resources price information Argus Media from 1 September. On the one hand, BP was forced to make the move, as the company had been accused of manipulating prices in North America, but on the other hand the step was logical Argus Media is the leader in LPG price index quotations in the FSU, Eastern Europe and the North Sea region.