Platts to include Enbridge Ingleside Energy Center into Brent complex assessment process for June 2023

Platts, part of S&P Global Commodity Insights, will include Enbridge Ingleside Energy Center 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 Enbridge Ingleside Energy Center for inclusion in the Dated Brent/Cash BFOE assessment process starting with the June 2023 delivery period.

The terminal -- in Corpus Christi, Texas, and wholly owned by Enbridge -- handles crude oil and petroleum products. The terminal has three docks, including two that can fit up to a VLCC-size vessel and 15.240 million barrels of storage capacity, 15 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.

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