NE2 Groups Market Index products have also become a benchmark in trading and market valuation procedures. Refineries, traders and producers all rely on NE2 Groups Index valuations for their independent third party month end valuation procedures and so does the Alberta government when establishing their bitumen valuation procedure for Royalty barrel pricing. NE2 Group has partnered with the Chicago Mercantile Exchange Group in using the Canadian Daily Index as the basis for settlement on the new Canadian Heavy Crude Financial contracts listed on NYMEX (WCC) and cleared through Clearport.
We are, quite simply, the authoritative source for crude oil pricing and trade execution in western Canada.