Magellan Midstream Partners said Sept. 10 it will start accepting crude from certain third-party Permian Basin pipelines at its Magellan East Houston terminal that also serves as a US Gulf Coast pricing benchmark. The decision by Magellan comes as a bevy of new Permian pipelines have come online in the last couple of years and as the coronavirus pandemic has triggered a reduction in Permian crude volumes. Historically, only crude oil transported on Magellan’s Longhorn and BridgeTex pipelines from the Permian has qualified for the MEH-WTI pricing designation. MEH also is a key price assessment point for WTI in the Houston marketplace by S&P Global Platts, Argus […]