Platts to include Enterprise Houston Ship Channel Terminal into Brent complex assessment process for June 2023

Platts, part of S&P Global Commodity Insights, will include Enterprise Houston Ship Channel 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 will be able to nominate WTI Midland meeting Platts specification loaded from Enterprise Houston Ship Channel Terminal for inclusion into the Dated Brent/Cash BFOE assessment process starting with the June 2023 delivery period.

The terminal, in Houston, Texas, is wholly owned by Enterprise Houston Ship Channel, L.P., a wholly owned subsidiary of Enterprise Products Operating LLC.

It handles crude oil and refined products.

The terminal has eight docks that can fit up to a Suezmax size vessel, seven of which load crude oil.

The terminal also has 23.6 million barrels of storage capacity for crude oil.

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:

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