The Intercontinental Exchange (ICE) is offering more marine fuel futures contracts, reports Ship&Bunker.
The company first started marketing the contracts in February.
Rotterdam barges vs NWE cargoes
Among the new products are a Rotterdam-based fuel oil differential contract (0.5% Rotterdam barges versus 1% NWE cargoes), an average price option (0.5% Rotterdam barges) and contracts to cover smaller amounts.
Settlement against SP Global Platts
ICE oil markets vice president Jeff Barbuto said he was observing an “increasing liquidity” in the market.
All contracts are settled against SP Global Platts pricing.
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Source: Ship&Bunker
