Magellan,Enterprise to launch WTI contract in 2022

摘要

Magellan Midstream and Enterprise Products plan to launch a joint crude futures contract in early 2022 with the option for physical delivery of WTI crude to Houston,Texas.Midland WTI will be deliverable to either Magellan's East Houston(MEH)terminal or Enterprise's Echo terminal,both in Houston.The contract-dubbed Midland WTI American Gulf coast-will be listed on the Ice exchange and replace Enterprise's HCL contract with CME Group.