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Tag: export quality crude oil to water

CME Group Brings Export Quality Crude Oil to the Water via WTI Houston (HCL) Futures
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CME Group Brings Export Quality Crude Oil to the Water via WTI Houston (HCL) Futures

CHICAGO, IL (STL.News) CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has added dock allocation as an additional delivery point for its NYMEX WTI Houston (HCL) Crude Oil futures contracts, pending regulatory review.  The added delivery point, effective with the January 2021 contract, will allow eligible market participants to deliver WTI Houston (HCL) Crude Oil futures directly onto a tanker at the Houston Ship Channel terminal owned by a subsidiary of Enterprise Products Partners L.P. "As the US crude oil export market has grown, we have seen an increase in demand for direct access to waterborne markets," said Peter Keavey, CME Group Global Head of Energy.  "The dock allocation process is the next phase in the evolution of WTI Houston and...