Platts seeks feedback on inclusion of Buckeye Texas Hub Terminal into Dated Brent Assessment Process

Platts, part of S&P Global Commodity Insights, proposes including Buckeye Texas Hub 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.

Upon successful review and meeting Platts criteria, sellers would be able to nominate WTI Midland meeting Platts specification loaded from Buckeye Texas Hub Terminal for inclusion into the Dated Brent/Cash BFOE assessment process.

The terminal, located in Corpus Christi, Texas, is wholly owned by Buckeye Texas Hub, LLC, a joint venture between Buckeye Partners L.P. and Trafigura Trading LLC. It handles crude oil and petroleum products. The terminal has five docks, including one that can load WTI Midland crude, and can fit up to a Suezmax size vessel and 2.35 million barrels of storage capacity, 1.6 million barrels of which is for WTI Midland crude oil storage.

Please send all feedback to PriceGroup@spglobal.com and Europe_Crude@spglobal.com by Oct. 31, 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.