WHAT ARE MIDDLE DISTILLATES?

Middle Distillates are hydrocarbons that include primarily Gas Oil and aviation Jet Fuel (or high-grade Kerosene). Gas Oil is increasingly used as an industrial fuel, displacing Fuel Oil because of environmental concerns. It is also used as a fuel for buses, lorries, and taxis. Jet Fuel is commonly used as an aviation fuel and also as a domestic fuel for heating purposes.

Trading Middle Distillates

Jet Fuel and Gas Oil swaps are traded on a monthly, quarterly and calendar year basis. Ginga’s customer base includes Japan, China, Korea, Singapore, Australia and Europe.

Products:

• Jet Fuel (Kerosene)
• Gas Oil
  • 0.5% Sulphur Gas Oil

Contract Size:

• 50,000 Bbl per Contract

Categories of trading:

• Jet/Kerosene and 0.5%S Gas Oil Singapore Swaps
• Jet/Gas Oil Spreads (regrade)
• Inter-month Spreads
• East-west Spreads
• Crack Spreads (Gas Oil/Dubai crack, Kero/Dubai crack)