WTS Midland
West Texas Sour (WTS) at Midland. A heavier and more sour US crude to WTI delivered at Midland in Texas, it requires more complex refining so typically carries a discount. Assessed as a differential to Nymex WTI futures. Trading terminates 3 business day before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 4 business days before the 25th calendar day of the month prior to the contract month.
Currency and unit of measure: $/b
Incoterm: FOB
Quantity: 1,000 bpd
Time of assessment: 14:30:00 America/New_York
Publishing frequency: Daily
Spec: 1.5% sulphur, 32-35 degrees API gravity
Start Date: 08.03.2021
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