Trade directly against Houston - track pricing trends based on local supply and demand conditions, pipeline flows and regional refinery margins and throughput
Reduce risk from Cushing exposure - landlocked and heavily influenced by storage dynamics, creating pricing disconnects
Mirror trade with domestic shipments - prices reflect Permian Basin and seaway pipeline flows
High trade volumes - better hedge
Up to 90% more volume due to strategic partnership with Link Data Services
Future and physical trade periods allow for perfect hedge
Increased market participation adds to liquidity and efficiency and reduces financial risk
Unique assessments & pipeline spreads
Corpus Christi + Epic/Gray Oak and St. James
Start vs end of pipeline for WTI Corpus vs WTI Midland, WTI ex-Basin vs WTI Midland, WTI Houston vs WTI ex-Basin
Straight to USGC - Midland WTI vs ICE Midland WTI (HOU), ICE Midland
Trades structured via Cushing, not reflecting actual flows
ICE HOU trade month aligns w/futures
Allows perfect hedge & eliminates need to trade physical at Cushing
Disconnected from US market dynamics & global importer assay requirements
Simple with General Index - straight to USGC
Midland WTI vs ICE Midland WTI (HOU) ICE Midland WTI (HOU) vs Brent
Complicated via Cushing: Calendar Month Average (CMA) ICE HOU + ICE HOU Diff to CMA + GX Midland Differential
Global connections
Eliminate negative price risk Aligned with refining and export values
Understand our ICE HOU methodology.
Explore the methodologies behind our ICE HOU indexes in our factsheets:
Louisiana/Gulf of Mexico
Houston/Texas Gulf Coast
Midland
Cushing
Northern Midcontinent
ICE HOU: the future of US crude pricing
Is it time to rethink how we price US crude?
Co-authored with ICE, the ICE HOU white paper will allow you to discover how the ICE Midland WTI (HOU) contract could be the future of US crude pricing.
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