The business sells daily price information, news and analytical reports on the international energy markets. Its services are used principally by multinational companies that need to buy or sell fuels. The company’s clients include Shell, BP, Air France and Goldman Sachs. But the data it provides are also bought by national governments such as those of the United States, Saudi Arabia and Indonesia. Argus now has 17 offices around the globe, from Houston to Sydney. Adrian Binks, chairman and chief executive, has overseen profit growth of 44% a year from £4m in 2006 to £12m in 2009.
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