August 1, 2022 [Matrix Global] – Please note: The minimum bid prices LOOP will accept during its monthly Storage auction have been adjusted per the chart below. The new minimum bid prices go into effect starting with the August 2, 2022 auction.

LOOP has extended its storage offering through the first quarter of 2024

Below are the volumes for the August 2, 2022 Auction:

ABOUT MATRIX:

Matrix Markets LLC (“Matrix”) is an innovative financial products development company and a trusted strategic advisor for clients who include the world’s leading energy merchants, commodity trading firms, as well as owners and operators of infrastructure assets. We work intimately with our clients to create solutions that enhance and preserve asset values in today’s changing and volatile energy markets.

Management is comprised of an experienced team of energy and financial market professionals, leveraging over 100 years of combined trading, logistics, and industry expertise.

Founded in 2014, Matrix’s first initiative was the highly successful launch of t he world’s first futures contract on crude oil storage capacity, which was developed jointly by the management of Matrix, CME Group, and LOOP LLC.

The Matrix Program was developed to optimize our customers’ unique midstream assets through the creation of proprietary short-term physical bilateral agreements and financial derivative products.

LOOP’s auctions are held the first Tuesday of every month and are hosted by Matrix Markets. For the latest information about auction developments, visit www.matrix.global

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If you would like more information about this topic, please contact Chris Del Vecchio at 713.352.7224 or email at Chris.DelVecchio@matrix.global.