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)