Platts extends feedback period for inclusion of Texas International Terminal in Brent complex assessment process

Platts, part of S&P Global Commodity Insights, has extended to March 14 the feedback period for a proposal to include Texas International Terminal as a loading terminal for WTI Midland crude oil into its Dated Brent and Cash BFOE Market on Close assessment process. The initial feedback period ended Jan. 6.

Platts' decision to include WTI Midland in the Brent complex and clarification of the review process by which loading terminals are included in the assessment process can be found here.

Upon successful review and meeting Platts criteria, sellers would be able to nominate WTI Midland meeting Platts specification loaded from Texas International Terminal for inclusion into the Dated Brent/Cash BFOE assessment process.

The terminal, located in Galveston, Texas, is wholly owned by Texas International Terminal, Ltd. It handles crude oil and refined products. The terminal has three docks that can fit up to a Suezmax-sized vessel. The terminal also has 1 million barrels of storage capacity for crude oil.

Please send all feedback to PriceGroup@spglobal.com and Europe_Crude@spglobal.com by March 14, 2025.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make those not marked as confidential available upon request.