New ICE Gasoil Contract

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Responding to criticism that 0.1% sulfur gasoil has become an irrelevant basis for pricing, the IntercontinentalExchange (ICE) is launching a new low-sulfur gasoil futures and options contract and 13 over-the-counter swaps from Sep. 19 on the London-based ICE Futures Europe bourse.

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Benchmark crude futures steadied on Friday but finished at a loss of about 4% for the week as traders brushed off supply risks in Venezuela and Russia.
Fri, Dec 12, 2025