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EPIC Crude Holdings, LP introduced that the Platts Marine Terminal at Platts Corpus Christi is the pre-approved terminal for WTI Midland crude oil at its Platts Dated Brent and Money BFOE* market-on-close (“Dated Brent”) worth will likely be included as Analysis ranging from June 2023 supply.
Dated Brent is the world’s main crude benchmark and an vital element of the Brent Advanced which incorporates buying and selling of bodily delivered oil in addition to financially settled derivatives. WTI Midland would be the first non-North Sea grade oil to affix dated Brent and can solely symbolize WTI Midland cargoes loaded from pre-approved terminals.
“EPIC is honored to be accepted by Platts to ship WTI Midland crude oil within the Brent complicated,” stated Brian Freed, EPIC Chief Govt Officer. “This extra export high quality grade crude oil EPIC acknowledges, and additional highlights the strategic significance of Corpus Christi in assembly world power calls for.”
EPIC Crude provides 600,000 barrels of crude per day from its ~3.5 million barrel Robstown terminal for export to terminals and refineries in Corpus Christi and Ingleside, together with EPIC’s Crude Marine Terminal, which is an Aframax-sized Able to loading tankers.
Supply: EPIC Crude Holdings
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