What is WTI Midland?
Midland – This is the price point closest to the actual production of WTI. It is one of the main gathering points for WTI in West Texas before it is sent by pipeline to the Gulf Coast, Cushing, or nearby refineries.
What is Louisiana Light Sweet crude oil?
Light Louisiana Sweet (LLS), a coastal crude grade delivered into St. James, Louisiana, firmed to an $8.75 per barrel premium to U.S. crude futures on Monday, the strongest since early November. The price edged lower to $8.35 over WTI on Wednesday, but still traded well above previous weeks.
How do I get Platts prices?
How can I download market data prices per category on Platts Market Center?
- Go to https://pmc.platts.com.
- Enter the registered user’s email address and password in the designated fields.
- Click Submit.
- Mouse-over the More Products tab on the top banner and click on Market Data Snapshot.
Where is WTI Midland?
Eligible spot transaction prices at Cushing, Oklahoma, is typically reported as WTI, while eligible spot transactions at Midland, Texas, and Houston, Texas (at the MEH Terminal) are reported as WTI Midland, and WTI Houston respectively.
What is the difference between Brent and WTI oil prices?
As mentioned earlier in the article, Brent crude is the benchmark used for the wider light oil market – ie Europe, Africa and the Middle East, while WTI is the benchmark for the US light oil market. Other countries often use both Brent and WTI as benchmarks to value their crude oil.
What is West Texas Sour?
This is a reversal of standard relationships between light sweet crude and intermediate sour crude which requires more complex refining and therefore often trades at a discount to less complex light sweet crudes.
What is WTI meh?
Also known as: MEH. Magellan East Houston is a crude oil terminal in Houston, Texas, that is an aggregation point for crude brought down to the Gulf Coast from inland producing regions. MEH serves as the pricing point for WTI on the the Gulf Coast.
How do I access Platts?
To access S&P Global Platts data on your desktop, simply type PLATTS/INFO into a quote object or browser (F4) and press ENTER.
What is Platts report?
S&P Global Platts Oilgram Price Report is the daily market report that covers market fundamentals, changes and factors driving prices within the crude oil and related products markets.
What is the difference between Brent crude and West Texas Intermediate?
What is the difference between sweet light crude and heavy sour crude oil?
Sour crude is a type of oil with high sulfur content. It is considered less desirable than sweet crude, which has low sulfur content. Sour crude products require additional processing to break down hydrocarbon compounds and remove various contaminants.