What is ICE Gasoil?

The ICE Low Sulphur Gasoil Futures Contract is designed to provide users with an effective hedging instrument and trading opportunities. The underlying physical market for Low Sulphur Gasoil is diesel barges delivered in the ARA (Amsterdam, Rotterdam, Antwerp including Flushing and Ghent) region.

What is Low Sulphur Gasoil used for?

Ultra low sulphur gas oil, also known as red diesel, is extensively used to run off-road vehicles and equipment; tractors for farming and sit-on lawn mowers, horticulture machinery, forestry equipment and even backup generators.

What is gasoil crack?

A crack, or crack spread, is a term used in the energy markets to represent the differences between crude oil and the prices of the wholesale petroleum products that derive from it, such as jet fuel, kerosene, home heating oil, and gasoline. Crack is one primary indicator of oil refining companies’ earnings.

What is gasoil swap?

So what is a gasoil swap? In short, a gasoil swap is an agreement whereby one party exchanges their exposure to a variable (often referred to as spot, index floating, or market) gasoil price for a fixed gasoil price, over a specified period(s) of time.

What is ICE gasoil price?

Key Turning Points

52-Week High	590.50
Last Price	584.75s
Fibonacci 61.8%	485.07
Fibonacci 50%	452.50
Fibonacci 38.2%	419.93

Is Gas Oil same as diesel?

Is gas oil the same as diesel? In simple terms, yes gas oil and regular diesel (DERV) are virtually the same fuel, except gas oil is strictly prohibited and is only to be used in off-road vehicles.

What is low Sulphur gas?

Low sulfur fuel (~50 ppm) allows for advanced control technologies for diesel vehicles. Near-zero sulfur fuel (~10 ppm) allows for the use of NOx adsorbers, increasing NOx control to over 90% in both diesel and gasoline vehicles.

Can you still buy low sulfur diesel?

Does off-road diesel have sulfur in it? Yes! Some low sulfur diesel (under 500 parts per million sulfur fuel) and high sulfur diesel (over 500 parts per million sulfur) is still in the marketplace used by heating oil, boiler systems, locomotive, and marine applications.

What drives crack spreads?

Factors Affecting Crack Spread The result is a rise in crude oil prices relative to refined products. This weakens, or narrows, the crack spread initially. For refiners to get a strong positive crack spread, the price of crude oil must be significantly lower than the price of refined products.

What is naphtha crack?

The plant with the facilities for cracking naphtha at a high temperature in excess of 800 degrees Celsius to produce petrochemical feedstocks like ethylene, propylene, mixed-C4 and pyrolysis gasoline (PG), is called the naphtha cracking center or naphtha cracking plant.

What is gasoil 10ppm?

The lower sulfur specifications reflect changing supply and demand trends across the regions, as well as the fact that global waterborne diesel trade is now predominantly maximum 10 ppm, known as ultra-low sulfur diesel. The assessment named simply as “Gasoil” will reflect 10 ppm sulfur gasoil on January 2, 2018.

Where does low sulphur gasoil come from on Ice?

What happens to low sulphur gasoil in futures market?

Trading the LS Gasoil/Brent Futures Crack will result in two separate positions in the underlying futures markets for Brent and Low Sulphur Gasoil. The settlement of each leg will be the respective expiry of the Brent and Low Sulphur Gasoil futures contracts as made public by ICE Futures Europe.

Is there a heating oil / low sulphur gasoil spread?

Trading the Heating Oil/Low Sulphur Gasoil Futures Spread will result in two separate positions in the underlying futures markets for Heating Oil and Low Sulphur Gasoil. The settlement of each leg will be respective expiry of the Heating Oil and Low Sulphur Gasoil futures contracts as made public by ICE Futures Europe.

When does ice LS gasoil futures expire?

ICE LS Gasoil futures expiry: Trading shall cease at 12:00 hours, 2 business days prior to the 14th calendar day of the delivery.