Skip to main content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

WordPress on Azure Global Oil Contracts

Global Oil Contracts

Trade with the world's #1 oil derivatives liquidity provider

Why Trade Global Oil Contracts?

New Ecosystem of Contracts

Driver of Global Economy 

Hedges Against End-User Prices

Industry Quality Data: Flux

Trade on MetaTrader 5

Macro & Technical Analysis

How to Trade Global Oil at Onyx Markets?

[table id=9 /]

What is Global Oil?

Global oil at Onyx Markets is an ecosystem of CFDs and spread betting contracts that track the financial oil market. This includes not just traditional oil contracts like Brent and WTI, but also the critical oil swaps market.

The oil swaps market is the wholesalers market that is used to set the price for the end user physical oil products you consume every day, in many different regions around the world. This includes contracts like Japanese Naphtha, European Jet Fuel, Singapore Shipping Fuel and Saudi Arabian Propane, but also the traditional contracts like crude, gasoline and diesel, but in not just one region.

How Is the Financial Oil Market Used by the Oil Industry?

Traditional financial oil contracts like Brent, WTI, RBOB, Gasoil and Heating Oil that are already available to the retail community and are mostly speculative contracts that reflect physical oil around 2 months into the future and in very limited regions. They are very important contracts for liquidity and initial price discovery, but there is another layer of pricing that differentiates from these contracts that sets the real price of oil products around the world. 

Because of the use of oil swaps ecosystem to set prices in the physical world, these contracts are incredibly important to the industry, and play a significant part in how the physical world operates.

Price Discovery: PRA & Financial Oil

Price Reporting Agencies (PRAs) are vital players in the global oil market, providing price indexes that serve as benchmarks for physical market negotiations. These independent firms publish daily price assessments for various oil products, which traders use to negotiate deals, typically agreeing on differentials to these indexes to arrive at final transaction prices.

The main challenge for PRAs is ensuring their assessments accurately reflect the underlying physical market. They achieve this by collecting transaction data, analysing market information and applying expert judgment. Notably, the financial oil market significantly influences these index prices, as at times there maybe only a small portion of physical transaction data factoring into a specific assessment.

This interplay between financial and physical markets underscores the critical role of PRAs in the oil industry. Their assessments impact everything from fuel costs to investment strategies, making the financial oil market incredibly important to both the physical market and the global economy. Given their significance, PRAs work hard to ensure the integrity and reliability of their price assessments.

Oil swaps settle on these indexes, including many of our CFD and Spread Bet contracts.

Hedging: Oil Price Protection

Hedging is a crucial practice in the oil industry, allowing companies to secure future oil prices and manage risk. It involves using financial contracts that closely mirror the physical oil being produced or consumed. Oil swap contracts are particularly effective for hedging, as they track the future price of physical oil by expiring and settling against the value of PRA assessments. Various players in the oil industry utilise the oil swaps market for different purposes:

  • Producers: use it to secure future selling prices for their oil.
  • Consumers: employ it to lock in future buying prices.
  • Refiners: leverage it to manage their input costs and output prices.
  • Oil Traders: use swaps to protect trade margins on transactions involving moving oil globally or placing it in storage.

By using oil swaps, these market participants can effectively manage their exposure to price fluctuations, creating a more stable and predictable financial environment for their operations. This practice is fundamental to risk management in the volatile oil market, allowing companies to focus on their core business activities with greater confidence in their future financial positions.

Speculation: Investing in Oil Price Variations

The oil swaps market has evolved into a powerful tool for both hedging and speculation, bridging the gap between physical and financial oil markets. It allows producers, consumers, and traders to manage price risks effectively, with contracts often tracking physical oil prices. Simultaneously, it has opened doors for speculative traders and investors to gain exposure to oil prices without dealing with the actual physical commodities and the risk that brings. This market’s growth has increased liquidity and price discovery efficiency, while also potentially introducing new sources of volatility. Currently dominated by voice trading, the oil swaps market presents significant opportunities for expansion, particularly in algorithmic and technical trading. As it continues to develop, it’s likely to play an increasingly crucial role in shaping global oil price dynamics.

Citations

  • [1] Tax regulations are subject to change

Crude: Outrights

Brent First Line ($/0.01) Crude Europe – Commodity SB

European Crude

This contract reflects the price of a blend of crude oil in the North Sea. It is a key tool for hedging exposure to crude prices in the EU and far beyond from mid Atlantic to the Middle East.

Detail

Brent First Line Crude Europe – Commodity CFD

European Crude

This contract reflects the price of a blend of crude oil in the North Sea. It is a key tool for hedging exposure to crude prices in the EU and far beyond from mid Atlantic to the Middle East.

Detail

Dated Brent ($/0.01) Crude Europe – Commodity SB

Spot European Crude Oil

This contract reflects the key global crude benchmark, Brent crude oil, without a specific cargo delivery date. Brent is a waterborne crude oil that can be shipped worldwide, representing the pricing basis for about three-quarters of internationally traded crude. It is therefore a crucial tool for traders managing exposure to global crude oil price movements, particularly in Europe, Africa, and the Middle East.

Detail

Dated Brent Crude Europe – Commodity CFD

Spot European Crude Oil

This contract is used by traders to reflect the price of a subset of physical north sea oil fields. This contract is used to set over 60% of the world’s physical crude oil prices. This is spot contract of the major oil contract Brent.

Detail

Dubai Swap ($/0.01) Crude Middle East – Commodity SB

Forward Middle Eastern Crude Oil

This contract reflects the price of a subset of physical middle-eastern crudes. It is the most important benchmark for the oil producing organisation OPEC.

Detail

Dubai Swap Crude Middle East – Commodity CFD

Forward Middle Eastern Crude Oil

This contract reflects the price of a subset of physical middle-eastern crudes. It is the most important benchmark for the oil producing organisation OPEC.

Detail

Oil – Brent Crude (100BBL) Europe – Dated Commodity CFD

Expiry European Crude Oil

This contract reflects the key global crude benchmark, Brent crude oil, without a specific cargo delivery date. Brent is a waterborne crude oil that can be shipped worldwide, representing the pricing basis for about three-quarters of internationally traded crude. It is therefore a crucial tool for traders managing exposure to global crude oil price movements, particularly in Europe, Africa, and the Middle East.

Detail

Oil – Brent Crude Perpetual (100BBL) Europe – Perpetual Commodity CFD

Non-Expiry European Crude Oil

This contract is used by traders to reflect the price of a subset of physical north sea oil fields. This contract is used to set over 60% of the world’s physical crude oil prices. It however settles 2 months forward from spot prices, making it mostly a speculative contract.

Detail

Oil – Brent Crude Perpetual (£/0.01) Europe – Perpetual Commodity SB

Non-Expiry European Crude Oil

This contract is used by traders to reflect the price of a subset of physical north sea oil fields. This contract is used to set over 60% of the world’s physical crude oil prices. It however settles 2 months forward from spot prices, making it mostly a speculative contract.

Detail

Oil – WTI Crude (£/0.01) N. America – Dated Commodity SB

Expiry US Crude Oil

This contract reflects the key crude benchmark in the US, West Texas Intermediate (WTI) crude oil, without a specific delivery date. WTI is a crude delivered into the critical oil storage hub in Cushing, Oklahoma. It is thereore a key tool for traders managing exposure to U.S. crude oil price movements.

Detail

Oil – WTI Crude (100BBL) N. America – Dated Commodity CFD

Expiry US Crude Oil

This contract reflects the key crude benchmark in the US, West Texas Intermediate (WTI) crude oil, without a specific delivery date. WTI is a crude delivered into the critical oil storage hub in Cushing, Oklahoma. It is thereore a key tool for traders managing exposure to U.S. crude oil price movements.

Detail

Oil – WTI Crude Perpetual (£/0.01) N. America – Perpetual Commodity SB

Non-Expiry US Crude Oil

This contract reflects the key crude benchmark in the US, West Texas Intermediate (WTI) crude oil, without a specific delivery date. WTI is a crude delivered into the critical oil storage hub in Cushing, Oklahoma. It is thereore a key tool for traders managing exposure to U.S. crude oil price movements.

Detail

Oil – WTI Crude Perpetual (100BBL) N. America – Perpetual Commodity CFD

Non-Expiry US Crude Oil

This contract reflects the key crude benchmark in the US, West Texas Intermediate (WTI) crude oil, without a specific delivery date. WTI is a crude delivered into the critical oil storage hub in Cushing, Oklahoma. It is thereore a key tool for traders managing exposure to U.S. crude oil price movements.

Detail

Crude: Differentials

Brent/Dubai ($/0.01) Crude Europe/Middle East – Commodity Differential SB

Inter-product between European and Middle Eastern Crude Oil

This contract is used by traders to reflect the difference between the European crude market and Middle Eastern crude markets. It is useful for hedging cargo voyages between the two regions.

Detail

Brent/Dubai Crude Europe/Middle East – Commodity Differential CFD

Inter-product between European and Middle Eastern Crude Oil

This contract is used by traders to reflect the difference between the European crude market and Middle Eastern crude markets. It is useful for hedging cargo voyages between the two regions.

Detail

Dated to Frontline Brent ($/0.01) Crude Europe – Commodity Differential SB

Inter-product between Spot and Financial European Crude Oil

This contract is used by traders to reflect the difference between the spot contract Dated Brent, and the Brent Futures contract, which is heavily driven by the activity of North Sea physical market participants.

Detail

Dated to Frontline Brent Crude Europe – Commodity Differential CFD

Inter-product between Spot and Financial European Crude Oil

This contract is used by traders to reflect the difference between the spot contract Dated Brent, and the Brent Futures contract, which is heavily driven by the activity of North Sea physical market participants.

Detail

Crude: Time Spreads

Brent/Dubai Box  (Crude), Time Spread, Europe/Middle East -Commodity CFD

Inter-product Time Spread between European and Middle Eastern Crude Oils, known as a "Box"

This contract reflects the difference between the European crude market and Middle Eastern crude markets across two time periods. It is useful for moving exposure to a new tenor period.

Coming Soon

Dated Brent Sprd  (Crude), Time Spread, Europe -Commodity CFD

Spot European Crude Oil

This contract reflects the price of a subset of physical North Sea oil (BFOET) fields between two month tenor periods. This contract is used to roll exposure forward.

Coming Soon

DFL Roll (Crude), Time Spread, Europe – Commodity CFD

Inter-product Time Spread between Spot and Financial European Crude Oil

This contract is used by traders to reflect the difference between the spot contract Dated Brent, and the Brent contract, which is heavily driven by the activity of North Sea physical market participants.

Coming Soon

Dubai Sprd (Crude), Time Spread, Middle East -Commodity CFD

Middle Eastern Crude Oil

This contract reflects the price difference between two different future tenor periods of Middle East Dubai Crude

Coming Soon

Fuel Oil (Shipping Fuel): Outrights

0.5% Rdam Barges ($/0.01) Fuel Oil Europe – Commodity SB

European Very Low Sulphur Marine Fuel (VLSFO)

The Marine Fuel 0.5% FOB Rotterdam Barge is a financial CFD instrument designed to help market participants manage their exposure to marine fuel prices in the Rotterdam market. Here's a comprehensive breakdown:

Detail

0.5% Rdam Barges Fuel Oil Europe – Commodity CFD

European Very Low Sulphur Marine Fuel (VLSFO)

The Marine Fuel 0.5% FOB Rotterdam Barge is a financial CFD instrument designed to help market participants manage their exposure to marine fuel prices in the Rotterdam market. Here's a comprehensive breakdown:

Detail

0.5% Sing ($/0.01) Fuel Oil Asia – Commodity SB

Asian Marine Fuel, 0.5% Sulphur

The Singapore 0.5% Fuel Oil (VLSFO) is a financial CFD instrument that helps market participants manage their exposure to marine fuel prices in the Singapore market.

Detail

0.5% Sing Fuel Oil Asia – Commodity CFD

Asian Marine Fuel, 0.5% Sulphur

The Singapore 0.5% Fuel Oil (VLSFO) is a financial CFD instrument that helps market participants manage their exposure to marine fuel prices in the Singapore market.

Detail

3.5% Rdam Barges ($/0.01) Fuel Oil Europe – Commodity SB

Northwest Europe High Sulfur Fuel Oil

This contract reflects high sulfur fuel oil prices sourced from ports in Rotterdam, Netherlands. Traders use this contract to reflect high sulfur shipping oil prices, that gets passed through scrubbers on ships to meet IMO 2020 sulfur regulations.

Detail

3.5% Rdam Barges Fuel Oil Europe – Commodity CFD

Northwest Europe High Sulfur Fuel Oil

This contract reflects high sulfur fuel oil prices sourced from ports in Rotterdam, Netherlands. Traders use this contract to reflect high sulfur shipping oil prices, that gets passed through scrubbers on ships to meet IMO 2020 sulfur regulations.

Detail

Sing 180 ($/0.01) Fuel Oil Asia – Commodity SB

Asian Fuel Oil, 180 CST

The Singapore 180cst Fuel Oil is a financial CFD instrument that helps market participants manage their exposure to high sulphur fuel oil prices in the Singapore market.

Detail

Sing 180 Fuel Oil Asia – Commodity CFD

Asian Fuel Oil, 180 CST

The Singapore 180cst Fuel Oil is a financial CFD instrument that helps market participants manage their exposure to high sulphur fuel oil prices in the Singapore market.

Detail

Sing 380 ($/0.01) Fuel Oil Asia – Commodity SB

Asian Fuel Oil, 380 CST

The Singapore 380cst Fuel Oil is a financial CFD instrument that helps market participants manage their exposure to high sulphur fuel oil prices in the Singapore market.

Detail

Sing 380 Fuel Oil Asia – Commodity CFD

Asian Fuel Oil, 380 CST

The Singapore 380cst Fuel Oil is a financial CFD instrument that helps market participants manage their exposure to high sulphur fuel oil prices in the Singapore market.

Detail

Fuel Oil (Shipping Fuel): Differentials

0.5% EW ($/0.01) Fuel Oil Asia – Commodity Differential SB

Very Low Sulfur Fuel Oil - Asian vs European

This contract reflects the price difference for very low sulfur fuel oil (VLSFO 0.5%) between Singapore and Europe. It helps traders hedge exposure to inter-regional price spreads in compliant marine fuels.

Detail

0.5% EW Fuel Oil Asia/Europe – Commodity Differential CFD

Very Low Sulfur Fuel Oil - Asian vs European

This contract reflects the price difference for very low sulfur fuel oil (VLSFO 0.5%) between Singapore and Europe. It helps traders hedge exposure to inter-regional price spreads in compliant marine fuels.

Detail

0.5% Rdam Barges Crack ($/0.01) Fuel Oil Europe – Commodity Differential SB

European VLSFO Fuel Oil vs Crude Oil "The Fuel Crack"

The 0.5% ROT barges VLSFO Crack Spread is a financial instrument that represents the price difference between very low sulphur fuel oil (VLSFO) barges in Rotterdam and Brent crude oil. This product allows traders to hedge or speculate on the spread between these two important oil market benchmarks. 

Detail

0.5% Rdam Barges Crack Fuel Oil Europe – Commodity Differential CFD

European VLSFO Fuel Oil vs Crude Oil "The Fuel Crack"

The 0.5% ROT barges VLSFO Crack Spread is a financial instrument that represents the price difference between very low sulphur fuel oil (VLSFO) barges in Rotterdam and Brent crude oil. This product allows traders to hedge or speculate on the spread between these two important oil market benchmarks. 

Detail

0.5% Rdam Barges Hi5 ($/0.01) Fuel Oil Europe – Commodity Differential SB

European Very Low Sulphur Fuel Oil vs High Sulphur Fuel Oil

This contract reflects the price difference between European Fuel Oil grades 0.5% and 3.5% ("The High Five")

Detail

0.5% Rdam Barges Hi5 Fuel Oil Europe – Commodity Differential CFD

European Very Low Sulphur Fuel Oil vs High Sulphur Fuel Oil

This contract reflects the price difference between European Fuel Oil grades 0.5% and 3.5% ("The High Five")

Detail

0.5% Sing Crack ($/0.01) Fuel Oil Asia/Europe – Commodity Differential SB

Asian Very Low Sulphur Fuel Oil vs European Crude Oil "VLSFO Crack"

This product differential reflects the difference in price between Sing 0.5% fuel oil and Brent "the 0.5% Crack"

Detail

0.5% Sing Crack Fuel Oil Asia/Europe – Commodity Differential CFD

Asian Very Low Sulphur Fuel Oil vs European Crude Oil "VLSFO Crack"

This product differential reflects the difference in price between Sing 0.5% fuel oil and Brent "the 0.5% Crack"

Detail

0.5% Sing Hi5 ($/0.01) Fuel Oil Asia – Commodity Differential SB

Asian 0.5% vs 380 CST Fuel Oils

This contract reflects the price difference between Singapore 0.5% and Singapore 380 cst fuel oil, often referred to as the "the Sing High Five".

Detail

0.5% Sing Hi5 Fuel Oil Asia – Commodity Differential CFD

Asian 0.5% vs 380 CST Fuel Oils

This contract reflects the price difference between Singapore 0.5% and Singapore 380 cst fuel oil, often referred to as the "the Sing High Five".

Detail

3.5% Rdam Barges Crack ($/0.01) Fuel Oil Europe – Commodity Differential SB

European Fuel Oil vs Crude Oil (bbls) "Fuel Crack"

This contract reflects the price differential between Fuel Oil 3.5% FOB Rotterdam Barges and Brent 1st Line

Detail

3.5% Rdam Barges Crack Fuel Oil Europe – Commodity Differential CFD

European Fuel Oil vs Crude Oil (bbls) "Fuel Crack"

This contract reflects the price differential between Fuel Oil 3.5% FOB Rotterdam Barges and Brent 1st Line

Detail

380 v 3.5% Rdam Barges E/W ($/0.01) Fuel Oil Asia/Europe – Commodity Differential SB

Asian Fuel Oil vs European Fuel Oil

The Singapore/Europe 380cst Fuel Oil Spread swap is a financial instrument that helps market participants manage their exposure to the price difference between high sulphur fuel oil in Singapore and European markets.

Detail

380 v 3.5% Rdam Barges E/W Fuel Oil Asia/Europe – Commodity Differential CFD

Asian Fuel Oil vs European Fuel Oil

The Singapore/Europe 380cst Fuel Oil Spread swap is a financial instrument that helps market participants manage their exposure to the price difference between high sulphur fuel oil in Singapore and European markets.

Detail

Sing 380 Brent Crack ($/0.01) Fuel Oil Asia/Europe – Commodity Differential SB

Asian Fuel Oil vs European Crude Oil "Fuel Crack"

This contract reflects the difference in price between Singapore 380 Fuel Oil and Brent, and is the "380 fuel oil crack".

Detail

Sing 380 Brent Crack Fuel Oil Asia/Europe – Commodity Differential CFD

Asian Fuel Oil vs European Crude Oil "Fuel Crack"

This contract reflects the difference in price between Singapore 380 Fuel Oil and Brent, and is the "380 fuel oil crack".

Detail

Visco ($/0.01) Fuel Oil Asia – Commodity Differential SB

Asian Fuel Oil 180 vs Asian Fuel Oil 380

This contract reflects the price difference between 180 CST and 380 CST fuel oils in Singapore. It is used to hedge exposure to pricing spreads between low-viscosity and high-viscosity fuel oils.

Detail

Visco Fuel Oil Asia – Commodity Differential CFD

Asian Fuel Oil 180 vs Asian Fuel Oil 380

This contract reflects the price difference between 180 CST and 380 CST fuel oils in Singapore. It is used to hedge exposure to pricing spreads between low-viscosity and high-viscosity fuel oils.

Detail

Fuel Oil (Shipping Fuel): Time Spreads

Barges 0.5 Spread (Marine Fuel 0.5% FOB Rotterdam Barges) – Commodity CFD

European Very Low Sulphur Fuel Oil (0.5%)

The Fuel Oil Barges 0.5% Spread (“Sprd”) is a financial instrument that allows traders to manage their exposure to price changes in very low sulphur fuel oil (VLSFO) over time. This product specifically focuses on the price difference of Marine Fuel 0.5% FOB Rotterdam Barges between two consecutive months, for example, March 2025 and April 2025. 

Coming Soon

Barges 3.5 Sprd (Fuel Oil), Time Spread, Europe -Commodity CFD

European High Sulphur Fuel Oil (3.5%)

The 3.5% Fuel Oil Barge Sprd contract is the price difference between two separate tenor months for 3.5% Fuel Oil barges in Europe.

Coming Soon

Sing 0.5 Sprd  (Fuel Oil), Time Spread, Asia -Commodity CFD

Asian Very Low Sulphur Fuel Oil (0.5%)

This contract reflects the price difference between separate tenor months of Asian Very Low Sulphur Fuel Oil (0.5%)

Coming Soon

Sing 180 Sprd  (Fuel Oil), Time Spread, Asia -Commodity CFD

Asian Fuel Oil 180

This contract reflects the price difference between two separate tenor months on the Asia Sing 180 (Fuel Oil)

Coming Soon

Sing 380 Sprd  (Fuel Oil), Time Spread, Asia -Commodity CFD

Asian Fuel Oil 380

This contract reflects the price difference between two separate tenor months on the Asia Sing 380 (Fuel Oil)

Coming Soon

Distillates: Outrights

CIF NWE Diesel ($/0.01) Distillates Europe – Commodity SB

European Diesel 10ppm

This contract reflects ultra-low sulfur diesel (10ppm) prices delivered to Northwest Europe. It helps traders manage price exposure in one of the world's most important refined diesel markets.

Detail

CIF NWE Diesel Distillates Europe – Commodity CFD

European Diesel 10ppm

This contract reflects ultra-low sulfur diesel (10ppm) prices delivered to Northwest Europe. It helps traders manage price exposure in one of the world's most important refined diesel markets.

Detail

Jet CIF NWE Cargoes ($/0.01) Distillates Europe – Commodity SB

European Jet Fuel

This contract reflects the price of jet fuel/kerosene delivered CIF to Northwest Europe. It is a key tool for hedging exposure to aviation fuel prices in the region.

Detail

Jet CIF NWE Cargoes Distillates Europe – Commodity CFD

European Jet Fuel

This contract reflects the price of jet fuel/kerosene delivered CIF to Northwest Europe. It is a key tool for hedging exposure to aviation fuel prices in the region.

Detail

Low Sulphur Gasoil First Line ($/0.01) Distillates Europe – Commodity SB

European Gasoil

This contract reflects the price of gasoil delivered FOB ARA Northwest Europe. It is a key tool for hedging exposure to middle distillate fuel prices in the EU and beyond.

Detail

Low Sulphur Gasoil First Line Distillates Europe – Commodity CFD

European Gasoil

This contract reflects the price of gasoil delivered FOB ARA Northwest Europe. It is a key tool for hedging exposure to middle distillate fuel prices in the EU and beyond.

Detail

Sing Gasoil 10ppm ($/0.01) Distillates Asia – Commodity SB

Asian Gasoil, 10ppm Sulphur

This contract reflects the price of ultra-low sulfur gasoil (10ppm) in Singapore. It provides a key benchmark for refined oil product markets in Asia and helps traders manage exposure to diesel price risks.

Detail

Sing Gasoil 10ppm Distillates Asia – Commodity CFD

Asian Gasoil, 10ppm Sulphur

This contract reflects the price of ultra-low sulfur gasoil (10ppm) in Singapore. It provides a key benchmark for refined oil product markets in Asia and helps traders manage exposure to diesel price risks.

Detail

Singapore Jet Kerosene ($/0.01) Distillates Asia – Commodity SB

Asian Jet Fuel

This contract reflects the price of jet fuel and kerosene in Singapore, a major hub for aviation fuel trading in Asia. It helps market participants hedge exposure to price fluctuations in jet fuel markets across the region.

Detail

Singapore Jet Kerosene Distillates Asia – Commodity CFD

Asian Jet Fuel

This contract reflects the price of jet fuel and kerosene in Singapore, a major hub for aviation fuel trading in Asia. It helps market participants hedge exposure to price fluctuations in jet fuel markets across the region.

Detail

Distillates: Differentials

Gasoil EW ($/0.01) Distillates Asia/Europe – Commodity Differential SB

Asian Gasoil vs European Gasoil

This contract reflects the price differential between Asian gasoil and European gasoil

Detail

Gasoil EW Distillates Asia/Europe – Commodity Differential CFD

Asian Gasoil vs European Gasoil

This contract reflects the price differential between Asian gasoil and European gasoil

Detail

Singapore Kerosene v Sing Gasoil 10ppm (Regrade) ($/0.01) Distillates Asia – Commodity Differential SB

Asian Jet vs Asian Gasoil

This contract reflects the price difference between Singapore Jet/Kero and Singapore Gasoil 10ppm, the benchmark for Singapore distillates

Detail

Singapore Kerosene v Sing Gasoil 10ppm (Regrade) Distillates Asia – Commodity Differential CFD

Asian Jet vs Asian Gasoil

This contract reflects the price difference between Singapore Jet/Kero and Singapore Gasoil 10ppm, the benchmark for Singapore distillates

Detail

Distillates: Time Spreads

Gasoil EW Box  (Distillates), Time Spread & Product Differential, Asia/Europe -Commodity CFD

Asian Gasoil and European Gasoil

This contract reflects the difference between tenor months on the Asia Gasoil vs Europe Gasoil ("East West gasoil")

Coming Soon

Sing Jet Kero Sprd  (Distillates), Time Spread, Asia -Commodity CFD

Asian Jet

Singapore Jet/Kero is the key Asian/Oceania jet fuel physical benchmark.

Coming Soon

NGL: Outrights

C3 CP ($/0.01) NGL Middle East – Commodity SB

Middle Eastern Propane

This contract reflects propane delivered in Saudi Arabia. CP is a common benchmark used for importers selling into South East Asia. The Saudi C3 Propane swap is a financial instrument that allows traders to manage their exposure to price fluctuations in the propane market, specifically tied to the Saudi Contract Price (CP) for propane. This swap provides a way for market participants to hedge or speculate on propane prices.

Detail

C3 CP NGL Middle East – Commodity CFD

Middle Eastern Propane

This contract reflects propane delivered in Saudi Arabia. CP is a common benchmark used for importers selling into South East Asia. The Saudi C3 Propane swap is a financial instrument that allows traders to manage their exposure to price fluctuations in the propane market, specifically tied to the Saudi Contract Price (CP) for propane. This swap provides a way for market participants to hedge or speculate on propane prices.

Detail

C3 FEI ($/0.01) NGL Asia – Commodity SB

Far East (FEI) Propane

The Far East Index Propane swap is a financial instrument that allows market participants to manage their exposure to propane prices in the Asian market. It's based on the Argus Far East Index (FEI), which reflects the price of large propane cargoes delivered to East Asian ports.

Detail

C3 FEI NGL Asia – Commodity CFD

Far East (FEI) Propane

The Far East Index Propane swap is a financial instrument that allows market participants to manage their exposure to propane prices in the Asian market. It's based on the Argus Far East Index (FEI), which reflects the price of large propane cargoes delivered to East Asian ports.

Detail

C3 NWE ($/0.01) NGL Europe – Commodity SB

European Propane

The NWE Propane swap is a financial instrument that allows market participants to manage their exposure to propane prices in Northwest Europe. It's based on the Argus CIF ARA large cargo propane price assessment, which reflects the cost of propane delivered by ship to the Amsterdam-Rotterdam-Antwerp (ARA) region.

Detail

C3 NWE NGL Europe – Commodity CFD

European Propane

The NWE Propane swap is a financial instrument that allows market participants to manage their exposure to propane prices in Northwest Europe. It's based on the Argus CIF ARA large cargo propane price assessment, which reflects the cost of propane delivered by ship to the Amsterdam-Rotterdam-Antwerp (ARA) region.

Detail

Natural Gas (£/0.001) N. America – Dated Commodity SB

Expiry US Natural Gas

This contract represents natural gas, a key energy source in the US, without a specific delivery date. Natural gas is primarily methane, extracted from underground reservoirs and delivered through pipelines. It's a crucial tool for traders managing exposure to US natural gas price movements, often traded at the Henry Hub in Louisiana.

Detail

Natural Gas (1000MMBtu) N. America – Dated Commodity CFD

Expiry US Natural Gas

This contract represents natural gas, a key energy source in the US, without a specific delivery date. Natural gas is primarily methane, extracted from underground reservoirs and delivered through pipelines. It's a crucial tool for traders managing exposure to US natural gas price movements, often traded at the Henry Hub in Louisiana.

Detail

Natural Gas Perpetual (£/0.001) N. America – Perpetual Commodity SB

Non-Expiry US Natural Gas

This contract represents natural gas, a key energy source in the US, without a specific delivery date. Natural gas is primarily methane, extracted from underground reservoirs and delivered through pipelines. It's a crucial tool for traders managing exposure to US natural gas price movements, often traded at the Henry Hub in Louisiana.

Detail

Natural Gas Perpetual (1000MMBtu) N. America – Perpetual Commodity CFD

Non-Expiry US Natural Gas

This contract represents natural gas, a key energy source in the US, without a specific delivery date. Natural gas is primarily methane, extracted from underground reservoirs and delivered through pipelines. It's a crucial tool for traders managing exposure to US natural gas price movements, often traded at the Henry Hub in Louisiana.

Detail

NGL: Differentials

C3 FEI v MOPJ ($/0.01) NGL Asia – Commodity Differential SB

Far East (FEI) Propane vs Japan Naphtha

This contract reflects the differential price between Far East Propane and Japan Naphtha. This contract is particularly valuable for petrochemical companies, trading houses, and financial institutions active in the Far East NGL and naphtha markets.

Detail

C3 FEI v MOPJ NGL Asia – Commodity Differential CFD

Far East (FEI) Propane vs Japan Naphtha

This contract reflects the differential price between Far East Propane and Japan Naphtha. This contract is particularly valuable for petrochemical companies, trading houses, and financial institutions active in the Far East NGL and naphtha markets.

Detail

PRONAP ($/0.01) NGL Europe – Commodity Differential SB

European Propane vs Naphtha "ProNap"

The ProNap swap is a financial instrument that helps market participants manage their exposure to the price difference between European propane and naphtha markets.

Detail

PRONAP NGL Europe – Commodity Differential CFD

European Propane vs Naphtha "ProNap"

The ProNap swap is a financial instrument that helps market participants manage their exposure to the price difference between European propane and naphtha markets.

Detail

NGL: Time Spreads

C3 CP Sprd  (NGL), Time Spread, Middle East -Commodity CFD

Middle Eastern Propane

This contract reflects the price difference between separate tenor months on Middle Eastern Propane It is widely used by traders to hedge exposure to price fluctuations in Middle Eastern propane markets across tenors

Coming Soon

C3 FEI Sprd  (NGL), Time Spread, Asia -Commodity CFD

Far East Propane

This contract allows customers to shift price risk between two different tenor months on Propane, Argus Far East Index (AFEI)

Coming Soon

C3 NWE Sprd (NGL), Time Spread, Europe -Commodity CFD

European Propane

This contract reflects differnce in price between two tenor periods of propane prices delivered CIF to Northwest Europe. It is a key tool for hedging exposure to price movements in the regional propane market across tenors..

Coming Soon

Gasoline: Outrights

EBOB ($/0.01) Gasoline Europe – Commodity SB

European Gasoline

This contract reflects the common specification of gasoline used in North West Europe at the pump.

Detail

EBOB Gasoline Europe – Commodity CFD

European Gasoline

This contract reflects the common specification of gasoline used in North West Europe at the pump.

Detail

RBOB First Line ($/0.01) Gasoline N. America – Commodity SB

US Gasoline

This contract reflects the price of gasoline delivered NY Harbour. It is a key tool for hedging exposure to gasoline fuel prices in the US.

Detail

RBOB First Line Gasoline N. America – Commodity CFD

US Gasoline

This contract reflects the price of gasoline delivered NY Harbour. It is a key tool for hedging exposure to gasoline fuel prices in the US.

Detail

Sing 92 ($/0.01) Gasoline Asia – Commodity SB

Asia Gasoline - 92 Octane

This contract reflects the price of 92 Octane Gasoline in Singapore, a useful benchmark for the Asia region for producers and consumers. The Singapore 92 is a financial instrument that helps market participants manage their exposure to gasoline prices in the Asian market. Here's a clear breakdown:

Detail

Sing 92 Gasoline Asia – Commodity CFD

Asia Gasoline - 92 Octane

This contract reflects the price of 92 Octane Gasoline in Singapore, a useful benchmark for the Asia region for producers and consumers. The Singapore 92 is a financial instrument that helps market participants manage their exposure to gasoline prices in the Asian market. Here's a clear breakdown:

Detail

Gasoline: Differentials

92 Crack ($/0.01) Gasoline Asia/Europe – Commodity Differential SB

Asian Gasoline vs European Crude Oil "Gasoline Crack"

This contract allows trade between Asia Sing 92 (Gasoline) and Brent - the contract reflects the price difference between the two products.

Detail

92 Crack Gasoline Asia/Europe – Commodity Differential CFD

Asian Gasoline vs European Crude Oil "Gasoline Crack"

This contract allows trade between Asia Sing 92 (Gasoline) and Brent - the contract reflects the price difference between the two products.

Detail

92 E/W ($/0.01) Gasoline Asia/Europe – Commodity Differential SB

Asian Gasoline vs European Gasoline

This is a differential used by traders to value the difference in gasoline prices in Asia compared with Europe. It is therefore used to hedge voyages of gasoline from one region to another.

Detail

92 E/W Gasoline Asia/Europe – Commodity Differential CFD

Asian Gasoline vs European Gasoline

This is a differential used by traders to value the difference in gasoline prices in Asia compared with Europe. It is therefore used to hedge voyages of gasoline from one region to another.

Detail

92 v MOPJ (9.0) ($/0.01) Gasoline Asia – Commodity Differential SB

Asian Gasoline vs Far East Naphtha "Asian GasNap"

This contract reflects the price difference between Asian Sing 92 and Japan Naphtha "MOPJ" (Conversion used: 9 bbl of Naphtha per mt)

Detail

92 v MOPJ (9.0) Gasoline Asia – Commodity Differential CFD

Asian Gasoline vs Far East Naphtha "Asian GasNap"

This contract reflects the price difference between Asian Sing 92 and Japan Naphtha "MOPJ" (Conversion used: 9 bbl of Naphtha per mt)

Detail

EBOB Crack ($/0.01) Gasoline Europe – Commodity Differential SB

European Gasoline vs European Crude Oil "Crack"

The contract reflects the difference in price between European Gasoline and Crude Oil

Detail

EBOB Crack Gasoline Europe – Commodity Differential CFD

European Gasoline vs European Crude Oil "Crack"

The contract reflects the difference in price between European Gasoline and Crude Oil

Detail

EBOB Crk Roll (Gasoline), Time Spread & Product Differential, Europe – Commodity CFD

European Gasoline vs European Crude Oil "Gasoline Crack Roll"

The contract reflects the difference in price between European Gasoline and Crude Oil Crack time spreads (two separate tenor months)

Coming Soon

GasNap ($/0.01) Gasoline Europe – Commodity Differential SB

European Gasoline vs European Naphtha "Euro GasNap"

This differential is key for physical blenders who use Naphtha to blend into a finished specification of gasoline. Blenders trade this differential when the economics of blending are attractive.

Detail

GasNap Gasoline Europe – Commodity Differential CFD

European Gasoline vs European Naphtha "Euro GasNap"

This differential is key for physical blenders who use Naphtha to blend into a finished specification of gasoline. Blenders trade this differential when the economics of blending are attractive.

Detail

MOGAS Arb ($/0.01) Gasoline N. America/Europe – Commodity Differential SB

N.America Gasoline vs European Gasoline

Traders use this differential to manage regular voyages of European refined gasoline shipped to/from New York Harbor, to satisfy imports into the largest consumer of gasoline in the world

Detail

MOGAS Arb Gasoline N. America/Europe – Commodity Differential CFD

N.America Gasoline vs European Gasoline

Traders use this differential to manage regular voyages of European refined gasoline shipped to/from New York Harbor, to satisfy imports into the largest consumer of gasoline in the world

Detail

Sing 92 Crk Roll  (Gasoline), Time Spread & Product Differential, Asia/Europe -Commodity CFD

Asian Gasoline vs European Crude Oil "Crack Roll"

This contract allows trade between month tenors of Asia Gasoline Sing 92 and European Crude Oil Crack

Coming Soon

Gasoline: Time Spreads

EBOB Sprd  (Gasoline), Time Spread, Europe -Commodity CFD

European Gasoline

This contract reflects the price difference between EBOB separate month tenors.

Coming Soon

Sing 92 Sprd  (Gasoline), Time Spread, Asia -Commodity CFD

Asian Gasoline

This contract allows EBOB price exposure to be moved into different tenorAsia Gasoline Sing 92

Coming Soon

Naphtha: Outrights

MOPJ ($/0.01) Naphtha Asia – Commodity SB

Japanese Naphtha

This contract represents Naphtha delivered to Japan, and therefore a useful benchmark for Asian Naphtha. Naphtha is used as a blendstock in gasoline and a feedstock for creating petrochemicals.

Detail

MOPJ Naphtha Asia – Commodity CFD

Japanese Naphtha

This contract represents Naphtha delivered to Japan, and therefore a useful benchmark for Asian Naphtha. Naphtha is used as a blendstock in gasoline and a feedstock for creating petrochemicals.

Detail

Naphtha NWE ($/0.01) Naphtha Europe – Commodity SB

European Naphtha

This is the contract that reflects Naphtha delivered into the ports in the Amsterdam-Antwerp-Rotterdam region, and therefore a useful benchmark for Northwest Europe Naphtha. Naphtha is used as a blendstock in gasoline and a feedstock for creating petrochemicals.

Detail

Naphtha NWE Naphtha Europe – Commodity CFD

European Naphtha

This is the contract that reflects Naphtha delivered into the ports in the Amsterdam-Antwerp-Rotterdam region, and therefore a useful benchmark for Northwest Europe Naphtha. Naphtha is used as a blendstock in gasoline and a feedstock for creating petrochemicals.

Detail

Naphtha: Differentials

MOPJ Crack ($/0.01) Naphtha Asia – Commodity Differential SB

Naphtha Japan vs European Crude Oil

This contract reflects the price difference between Naphtha C+F Japan and Crude Oil Brent

Detail

MOPJ Crack Naphtha Asia – Commodity Differential CFD

Naphtha Japan vs European Crude Oil

This contract reflects the price difference between Naphtha C+F Japan and Crude Oil Brent

Detail

Naphtha Crack ($/0.01) Naphtha Europe – Commodity Differential SB

European Naphtha vs European Crude Oil "Nap Crack"

This contract reflects the price difference between European Naphtha and Crude Oil Brent, know as "the Crack".

Detail

Naphtha Crack Naphtha Europe – Commodity Differential CFD

European Naphtha vs European Crude Oil "Nap Crack"

This contract reflects the price difference between European Naphtha and Crude Oil Brent, know as "the Crack".

Detail

Naphtha Crk Roll  (Naphtha), Time Spread & Product Differential, Europe -Commodity CFD

European Naphtha vs European Crude Oil "Nap Crack Roll"

This contract allows trade between two separate tenor months in the European Naphtha vs European Crude Oil crack

Coming Soon

Naphtha E/W ($/0.01) Naphtha Asia/Europe – Commodity Differential SB

Asian Naphtha vs European Naphtha

The Naphtha East-West Arbitrage swap is a financial instrument that helps market participants manage their exposure to the price difference between Asian and European naphtha markets. Here's a clear breakdown: 

Detail

Naphtha E/W Naphtha Asia/Europe – Commodity Differential CFD

Asian Naphtha vs European Naphtha

The Naphtha East-West Arbitrage swap is a financial instrument that helps market participants manage their exposure to the price difference between Asian and European naphtha markets. Here's a clear breakdown: 

Detail

Naphtha: Time Spreads

MOPJ Sprd  (Naphtha), Time Spread, Asia -Commodity CFD

Japanese Naphtha

This contract reflects the price difference between tenor months of naphtha in Japan, based on the Mean of Platts Japan (MOPJ). It helps market participants manage exposure to price fluctuations in Asia’s naphtha markets.

Coming Soon

Naphtha Sprd  (Naphtha), Time Spread, Europe -Commodity CFD

European Naphtha

This contract reflects the price difference between two separate tenor months on European Naphtha

Coming Soon