Platts to include Energy Transfer Houston Terminal into Brent complex assessment process for June 2023

Platts, part of S&P Global Commodity Insights, will include 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 for June 2023 deliveries.

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 starting with the June 2023 delivery period.

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.

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.