Platts to include Pin Oak Corpus Christi Terminal into Brent complex assessment process for June 2023

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

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

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.

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 .

Platts has reviewed and approved the following terminals to be included for loading WTI Midland crude oil into its Dated Brent and Cash BFOE Market on Close assessment process for June 2023 deliveries:

Platts is also seeking feedback on four other terminals for inclusion:

Please send all feedback to PriceGroup@spglobal.com and Europe_Crude@spglobal.com . 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.