trending Market Intelligence /marketintelligence/en/news-insights/trending/tq0KtfHche0F6QeuU0Fv9w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Enterprise launches auction for crude export from Houston Ship Channel

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico


Enterprise launches auction for crude export from Houston Ship Channel

Enterprise Products Partners LP is working with futures exchange company CME Group Inc. to offer U.S. crude oil for export from the Houston Ship Channel through an electronic futures contract auction.

The auction is scheduled for April 4, during which Enterprise will accept bids for West Texas Intermediate, or WTI, light sweet crude oil using CME Group's spot auction platform. The crude would originate from the Enterprise Hydrocarbon Terminal, according to a March 20 news release.

Besides the Enterprise Hydrocarbon Terminal, the NYMEX Houston WTI futures contract also offers crude deliveries at the partnership's ECHO and Genoa Junction terminals. The Houston contract allows access to over 4 million barrels per day of crude, 45 million bbl of crude storage and 18 deepwater docks, the midstream energy company said.

The auction follows Enterprise's first in November 2018, when it launched a physically delivered NYMEX WTI Houston crude oil futures contract. It was also the first electronic auction of U.S. crude oil for export.