Fuel Oil Diff - Fuel Oil 380 CST Singapore (Platts) vs USGC HSFO (Platts) Future (in Bbls)65898857
ICE Futures U.S.
Fuel Oil Diff - Fuel Oil 380 CST Singapore (Platts) vs USGC HSFO (Platts) Future (in Bbls)
Description
A monthly cash settled future based on the difference between the Platts daily assessment price for Singapore 380 CST Fuel Oil and the Platts daily assessment price for US Gulf Coast High Sulphur Fuel Oil (in bbls).
Market Specifications
- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- 380cst Sing/USGC HSFO
- Contract Symbol
- GOK
- Contract Size
- 1,000 barrels
- Unit of Trading
- Any multiple of 1,000 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per barrel
- Settlement Price Quotation
- One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” and “Singapore” subheading “FOB Singapore ($/barrel)” for “HSFO 380 CST ($/mt)” and the average of the “Mid” quotations appearing in the “Platts US Marketscan” under the heading “Gulf Coast” subheading “Houston and “$/barrel” for “USGC HSFO” for each business day (as specified below) in the determination period
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 6.35 barrels - Contract Series
- Up to 60 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Platts Asia-Pacific/Arab Gulf Marketscan and Platts US Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Am Ref Diff bbl
- Physical
- GOK
- Logical
- GOK
- GMI (FC)
- J6
- ION A.C.N.
- Symbol Code
- GOK