Platts, part of S&P Global Commodity Insights, will include NuStar Corpus Christi, Texas North Beach 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 extend period of feedback https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062822-platts-proposes-inclusion-of-nustar-corpus-christi-texas-north-beach-terminal-into-brent-complex-assessment-process. Sellers would be able to nominate WTI Midland meeting Platts specification loaded from NuStar Corpus Christi, Texas North Beach terminal for inclusion into the Dated Brent/Cash BFOE assessment process starting with the June 2023 delivery period.
The terminal in Corpus Christi, Texas, is wholly owned by NuStar Logistics LP and handles crude oil and petroleum products, including distillates, gasoline, xylenes and toluene. The terminal has four docks, including two that can fit up to a Suezmax-sized ship and 3.7 million barrels of crude storage capacity, 1.4 million barrels of which is for WTI Midland.
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 https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/060822-platts-clarifies-usgc-terminal-review-process-for-wti-midland-in-brent-complex.
Platts is also seeking feedback on six other terminals: Energy Transfer Houston terminal , Pin Oak Corpus Christi terminal , Flint Hills Ingleside , Seabrook Logistics , Buckeye South Texas Gateway and Eagle Ford Terminals Corpus Christi.
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.