Platts extends feedback period of inclusion of Pin Oak Corpus Christi 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 Pin Oak Corpus Christi 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 Pin Oak Corpus Christi Terminal for inclusion into the Dated Brent/Cash BFOE assessment process.

The terminal, located in Corpus Christi, Texas, is wholly owned by Pin Oak Group, LLC. It handles crude oil and petroleum products. The terminal has two docks, including one that can fit up to a Suezmax size vessel and has a storage capacity of 5.1 million barrels, 2.9 million barrels of which is for crude oil storage.

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.