Platts seeks feedback on inclusion of Energy Transfer Houston Terminal into Dated Brent assessment process

Platts, part of S&P Global Commodity Insigts, proposes including Energy Transfer Houston 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 Energy Transfer Houston Terminal for inclusion into the Dated Brent/Cash BFOE assessment process.

The terminal, in Houston, Texas, is wholly owned by HFOTCO, LLC, a subsidiary of Energy Transfer LP. It handles crude oil and petroleum products. The terminal has 12 docks, including two that can load up to a Suezmax size vessel and 18.2 million barrels of storage capacity, 7 million barrels of which is for crude oil storage.

Please send all feedback to PriceGroup@spglobal.com and Europe_Crude@spglobal.com by Sept. 30.

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.