What does AFEI mean in UNCLASSIFIED
The Argus Far East Index (AFEI) is a measure of the spot price of physical crude oil in the Asia-Pacific region. It is published by Argus Media, a leading provider of energy and commodity market data. The AFEI is widely used by market participants in the Asia-Pacific region to track the price of crude oil and to make trading decisions.
AFEI meaning in Unclassified in Miscellaneous
AFEI mostly used in an acronym Unclassified in Category Miscellaneous that means Argus Far East Index
Shorthand: AFEI,
Full Form: Argus Far East Index
For more information of "Argus Far East Index", see the section below.
Key Features of the AFEI
- The AFEI is a weighted average of the spot prices of seven different grades of crude oil: Arab Medium, Brent, Dubai, Indonesia Minas, Oman, Tapis and Vietnam Light.
- The weights are based on the volume of each grade of crude oil that is traded in the Asia-Pacific region.
- The AFEI is published daily at 4:30 pm Singapore time.
- The AFEI is widely used by market participants in the Asia-Pacific region to track the price of crude oil and to make trading decisions.
Essential Questions and Answers on Argus Far East Index in "MISCELLANEOUS»UNFILED"
What is AFEI?
The Argus Far East Index (AFEI) is a benchmark price for spot liquefied natural gas (LNG) cargoes delivered into the Far East. It is published daily by Argus Media, a leading provider of energy and commodity market data. The AFEI is calculated based on a basket of spot LNG cargoes delivered into Japan, South Korea, Taiwan, and China.
How is AFEI calculated?
The AFEI is calculated using a volume-weighted average of spot LNG cargo prices reported by market participants to Argus Media. The prices used in the calculation are for cargoes delivered into the Far East within the next 30 days.
What is the purpose of AFEI?
The AFEI is used as a benchmark price for spot LNG cargoes delivered into the Far East. It provides market participants with a transparent and reliable reference point for pricing LNG cargoes. The AFEI is also used by analysts and investors to track the LNG market and assess the supply and demand balance.
What are the limitations of AFEI?
The AFEI is not a perfect measure of the spot LNG market. It is based on a limited number of spot cargo transactions and may not fully reflect the true market value of LNG. Additionally, the AFEI does not include the cost of transportation or other factors that can affect the delivered price of LNG.
Final Words: The AFEI is a valuable tool for market participants in the Asia-Pacific region who need to track the price of crude oil. The AFEI is a reliable and transparent measure of the spot price of physical crude oil in the region.