Argus opens new Africa office in Cape Town

LONDON, March 12, 2018 /PRNewswire/ -- International commodity price reporting agency Argus continues to expand its global operations, opening a new office in Cape Town, South Africa, this month.

The African energy sector is experiencing dramatic change. International asset holders are no longer the sole producers of oil and gas as more local participants add to diversity of supply. And downstream marketing and trading companies are entering and investing in the region, heightening competition and increasingly allowing prices to move according to market forces.

Indigenous stakeholders are playing a more active role in a supply chain that is becoming increasingly de-integrated, and demand for market pricing, data, news and analysis is growing in this dynamic market.

Argus will use its Cape Town office to further develop its coverage of regional markets across Africa and to continue to bring transparency to the various sectors covered by its reports.

The opening of an office in Cape Town, the "Mother City" of South Africa, underscores Argus' long-standing commitment to the continent. Argus coal prices have long been the standard index for South African exports, and in recent years Argus has launched the Argus West Africa Oil service covering less transparent crude oil and delivered refined products markets, as well as adding new assessments to existing reports, including South African jet fuel prices and a raft of new African bitumen assessments.

Argus Media chairman and chief executive Adrian Binks said: "Argus is delighted to gain this new foothold in the rapidly growing African market. The opening of our Cape Town office will allow us to provide on-the-ground information to African companies and their international trading partners."

Contact Information

London 

Seana Lanigan+44 20 7780 4272 [email protected]

HoustonScott Berg+ 1 713 968 0000  [email protected]

Singapore Pierre Lever +65 6496 9960  [email protected] 

About Argus Media

Argus is an independent media organisation with more than 850 staff. It is headquartered in London and has 21 offices in the world's principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences.

Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes. Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders and global growth equity firm General Atlantic.

ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited.

View original content with multimedia:http://www.prnewswire.com/news-releases/argus-opens-new-africa-office-in-cape-town-300612144.html

SOURCE Argus Media