Platts to include EPIC Crude Terminal into Brent complex assessment process for June 2023

Platts, part of S&P Global Commodity Insights, will include EPIC Crude 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 EPIC Crude Terminal for inclusion into the Dated Brent/Cash BFOE assessment process starting with the June 2023 delivery period.

The terminal -- in Corpus Christi, Texas, and wholly owned by EPIC Crude Holdings -- handles crude oil and petroleum products. The terminal has one dock that can fit up to an Aframax-sized vessel and 3.44 million barrels of storage capacity for crude oil storage via the EPIC Robstown Terminal.

The 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.

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.