Platts proposes inclusion of NuStar Corpus Christi, Texas North Beach Terminal into Brent complex assessment process

Platts, part of S&P Global Commodity Insights, proposes including NuStar Corpus Christi, Texas North Beach 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.

Platts' recent 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 https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/060822-platts-clarifies-usgc-terminal-review-process-for-wti-midland-in-brent-complex.

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

The terminal in Corpus Christi, Texas, is wholly owned by NuStar Logistics LP and handles crude oil and petroleum products, including distillates, gasoline, xylene and toluene.

The terminal has four docks, including two that can fit up to a Suezmax size vessel and 3.7 million barrels of crude storage capacity, 1.4 million barrels of which is for WTI Midland.

Please send all feedback to PriceGroup@spglobal.com and Europe_Crude@spglobal.com by Aug. 1.

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.