Platts extends feedback period of inclusion of Seaway Texas City Terminal into Brent complex assessment process

Platts, part of S&P Global Commodity Insights, has extended to May 15 the feedback period for a proposal to include Seaway Texas City Terminal as a loading terminal for WTI Midland crude oil into its Dated Brent and Cash BFOE Market on Close assessment process from June 2023.

The initial feedback period ended April 14.

Platts' decision to include WTI Midland into 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 Pin Oak Corpus Christi Terminal for inclusion into the Dated Brent/Cash BFOE assessment process.

The terminal, located in Texas City, Texas, is wholly owned by Seaway Crude Holdings LLC, L.P., a joint venture between Enterprise Seaway L.P. and Enbridge Holdings (Seaway) L.L.C. The terminal has two docks which can fit up to a VLCC size vessel and 4 million barrels of storage capacity for crude oil storage.

Please send all feedback to PriceGroup@spglobal.com and Europe_Crude@spglobal.com by May 15, 2022.

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.