Platts to include Flint Hills Resources Ingleside Terminal into Brent complex assessment process for June 2023

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

This follows an extended period of feedback. 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 starting with the June 2023 delivery period.

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.

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.