Platts extends feedback period of inclusion of Flint Hills Resources Ingleside Terminal into Brent complex assessment process

Platts, part of S&P Global Commodity Insights, has extended the feedback period to Oct. 14 for a proposal to include Flint Hills Resources Ingleside 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 Sept 30.

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 Flint Hills Resources Ingleside Terminal for inclusion into the Dated Brent/Cash BFOE assessment process.

The terminal, located in Corpus Christi, Texas, is wholly owned by Flint Hills Resources Ingleside, LLC, a subsidiary of Koch Industries, Inc. It handles only crude oil. The terminal has two docks, including one that can fit up to a Suezmax size vessel and 3 million barrels of storage capacity.

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