December 20, 2017 [World Pipelines] - Enterprise Products Partners L.P. announced on Friday that it will adopt five new quality specifications for sweet crude oil, also referred to as West Texas Intermediate (WTI) at its terminal in Cushing, Oklahoma.
Enterprise’s Cushing terminal is a physical delivery point for NYMEX WTI futures.
“We are pleased to offer an expanded quality assurance programme which is consistent with the standards required by our producing and refining customers, both domestic and international,” said Brent Secrest, Senior Vice President, Liquid Hydrocarbons Marketing, for Enterprise’s general partner. “The new specifications will enhance stability, predictability and integrity for the WTI crude oil stream, which can be delivered against the NYMEX WTI futures contract at Cushing.”
The five additional quality parameters include tests for distillation, vanadium, nickel, total acid number (TAN) and micro carbon residue. The new WTI quality specifications are expected to take effect starting with the January 2019 delivery month.
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