Learn about updates made to ICE Low Sulphur Gasoil Futures ahead of the EU embargo on Russian refined products on Feb. 5.
Ahead of EU sanctions preventing EU delivery of Russian oil, ICE successfully delivered the first Russian-free barrels of ICE Gasoil, the benchmark price for diesel. Since the start of 2023, as the market has adopted the new contract spec, we are seeing increased trading volumes and open interest - key metrics of liquidity.
By evolving with market fundamentals and environmental imperatives, such as desulphurization, the ICE Low Sulphur Gasoil Futures has been successful for 40 years as a physically deliverable futures contract.
Learn how ICE Low Sulphur Gasoil Futures continues to be the world’s leading refined product benchmark.