Enterprise And ONEOK Extend Terminal Transfer Fee Waiver For ICE Midland WTI (HOU) Crude Deliveries To The End Of 2025
Portfolio Pulse from Benzinga Newsdesk
Enterprise Products Partners L.P. (EPD) and ONEOK, Inc. (OKE) have extended their fee waiver for ICE Midland WTI (HOU) crude deliveries between ECHO and MEH terminals until the end of 2025. This move follows a record trading quarter for HOU futures and is expected to incentivize further trading and management of Midland WTI exposure. The waiver also applies to ICE's EFP and ADP mechanisms, enhancing the attractiveness of HOU futures. ICE's global energy markets continue to grow, with open interest reaching a record 52.6 million contracts.
December 04, 2023 | 1:40 pm
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POSITIVE IMPACT
Enterprise Products Partners L.P. has extended the fee waiver for HOU crude deliveries, likely increasing the use of its terminals and potentially boosting its revenue.
The extension of the fee waiver is likely to encourage more trading and use of EPD's terminals, which could lead to increased revenue and positive investor sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intercontinental Exchange's record open interest and the extension of the fee waiver for HOU crude deliveries may lead to sustained growth in trading volumes and market liquidity.
The extension of the fee waiver and the record open interest in ICE's energy markets suggest a positive outlook for trading volumes and liquidity, which could positively influence ICE's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
ONEOK, Inc.'s extension of the fee waiver for HOU crude deliveries may lead to increased usage of its facilities and a positive impact on its financial performance.
By extending the fee waiver, OKE may see increased usage of its facilities, which could positively affect its financial performance and be viewed favorably by investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80