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Methodology

With over 70 years of combined experience, Link Data Services reputation in the oil industry for reliability and transparency is second to none...

The sudden surge in exports following the repeal of the export ban on US produced crude in 2015 has altered the flow of crude oil throughout the world, leading participants across the globe to search for new and accurate real-time data for various US and Canadian crude grades. To fill that need, Link Data Services offers industrial clients, shipping companies, brokerage services, and market observers a professional and reliable source of real-time cash price assessments for U.S. and Canadian crudes delivered to Cushing Oklahoma and the U.S. Gulf Coast. Additionally, Link provides industry participants daily forward curve valuations, market commentary, and pricing reports across a wide spectrum of the domestic and international oil industry, as well as an array of advanced analytics consulting services.

Daily Market Assessments

Link Data Services End of Day

Our most comprehensive report provides traders, analysts and market observers a daily settlement for LLS Mars WTI Midland, WTI Houston, Canadian WCS and CLK on a 12 month forward basis. This data set also provides a daily valuation for the relevant exchange-traded contracts for 36 months forward.

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Link Crude Daily Report

This daily assessment of the US Domestic Pipeline provides a volume weighted valuation for 16 grades of oil traded in the Permian, Cushing Oklahoma, Houston and the Louisiana gulf coast, a conversion matrix to compare relative values month to date, as well as a daily valuation for the prompt WTI Cushing cash roll.

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Link Crude Canadian Report

This daily assessment gives subscribers a reliable and accurate valuation for physical WCS CLK Bakken delivered to Cushing, Oklahoma and the US Gulf Coast. It further adds cash forward assessments for each Canadian Heavy grade on a 12-month forward basis, as well as comparative values for relevant US domestic crude grades.

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Link Weekly Wrap Up

Our weekly market wrap up give readers an overview of the dominant themes and trends seen in the UD domestic pipeline market for the previous week. Published on Monday mornings, the Weekly Wrap up provides Daily assessments for the previous week, market commentary, as well as a forward view on the major domestic grades.

Details

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    Link Data Services End of Day Methodology

    US domestic forward curve assessments provided by Link Data Services reflect current market prices as viewed from a variety of perspectives and encompassing numerous points of reference. Through its interactions with market participants during each trading day, Link Data provides a concise and accurate analysis of volatility, market trends, and comparative trade values. For each US domestic financial derivative assessed, Link uses a systematic approach to arrive at a clear and concise value. These methods include, but are not limited to, the following:

    • Trades initiated and posted on various public exchanges
    • Current bids and offers
    • Related spreads or regrades
    • Pipeline transactions and pipeline tariff information
    • Other market related data

    Months Assesed: Each contract is valued for 12 concurrent months beginning with the first nearby contract month and continuing for 12 months.  These contracts are also assessed an implied value for each respective quarter for the balance of the calendar year, and then each quarter for the successive calendar year. Link will also provide an assessment for two full successive calendar years.   During the current month for any financial contract, Link will assess the value of that contract in the following manner:

    • A simple arithmetic average of the month-to-date assessment for each day during the trading cycle in which an settlement is published by the CME Nymex Exchange or the ICE Intercontinental Exchange, with the most recent trading day’s value assumed for each remaining pricing day of the contract. This results in a fully realized value for the prompt month contract

    Pricing Basis: differential, vol wtd avg, regrades,

    Corrections:  Link Data Service, LLC uses its best efforts to compile and maintain accurate market information for the purposes of calculating and publishing a daily market report. In spite of this, there will at times be a need to issue a correction for one or more grade assessments. In the event of a revision, LDS will address any concerns related to miscalculations, data-entry errors, clerical mistakes, or incorrect market information. Any published revision will be available within 24 hours of the original assessment

    Sample Report

    Link Data Services Domestic Crude Assessment Methodology

    US domestic physical crude assessments provided by Link Data Services reflect current market prices as viewed from a variety of perspectives and encompassing numerous points of reference. Through its interactions with market participants during each trading day, Link Data provides a concise and accurate analysis of volatility, market trends, and comparative crude values.  For each US domestic crude grade Link uses a systematic approach to arrive at a clear and concise assessment. These methods include, but are not limited to, the following:

    • Trades initiated and completed at Link Crude Resources
    • Verified trades in the market
    • Current bids and offers
    • Grade Spreads or regrades
    • Pipeline transactions and pipeline tariff information
    • Other market related data

    Pricing Basis: differential, vol wtd avg, regrades,

    Corrections:  Link Data Service, LLC uses its best efforts to compile and maintain accurate market information for the purposes of calculating and publishing a daily market report. In spite of this, there will at times be a need to issue a correction for one or more grade assessments. In the event of a revision, Link will address any concerns related to miscalculations, data-entry errors, clerical mistakes, or incorrect market information. Any published revision will be available within 24 hours of the original assessment

    Sample Report

    Link Crude Canadian and Rockies Report

    Crude assessments for Canadian delivered and Rockies crude provided by Link Data Services reflect current market prices as viewed from a variety of perspectives and encompassing numerous points of reference. Through its interactions with market participants during each trading day, Link Data provides a concise and accurate analysis of volatility, market trends, and comparative crude values.  For each US domestic crude grade Link uses a systematic approach to arrive at a clear and concise assessment. These methods include, but are not limited to, the following:

    • Trades initiated and completed at Link Crude Resources
    • Verified trades in the market
    • Current bids and offers
    • Grade Spreads or regrades
    • Pipeline transactions and pipeline tariff information
    • Other market related data

    Pricing Basis: differential, vol wtd avg, regrades,

    Corrections:  Link Data Service, LLC uses its best efforts to compile and maintain accurate market information for the purposes of calculating and publishing a daily market report. In spite of this, there will at times be a need to issue a correction for one or more grade assessments. In the event of a revision, Link will address any concerns related to miscalculations, data-entry errors, clerical mistakes, or incorrect market information. Any published revision will be available within 24 hours of the original assessment

    Sample Report

    Link Weekly Wrap Up

    Through its interactions with market participants during each trading day, Link Data provides a concise and accurate analysis of volatility, market trends, and comparative crude values.

    Sample Report