ICE gasoil March futures settle at $732.75 a ton

ICE gasoil March futures settle at $732.75 a ton

ICE Low Sulphur Gasoil March Futures Settle at $732.75 per Tonne Amid Volatile Energy Market

On February 20, 2026, ICE Low Sulphur Gasoil (LSG) March futures settled at $732.75 per metric ton, reflecting ongoing volatility in global energy markets driven by geopolitical tensions, seasonal demand shifts, and supply dynamics. The contract, which represents diesel barges delivered in the ARA (Amsterdam, Rotterdam, Antwerp) region, is a critical benchmark for European distillate trading and features a contract size of 100 metric tonnes.

The recent price movement aligns with broader trends in energy markets. March WTI crude oil and RBOB gasoline contracts have also experienced significant swings, with prices influenced by heightened geopolitical risks, particularly in the Middle East, and fluctuating U.S. energy inventories. While LSG futures are physically delivered, their pricing remains closely tied to crude oil and refined product markets, as well as regional supply constraints in the ARA hub.

The ICE LSG futures market operates with strict position limits and daily reporting requirements to prevent excessive speculation and ensure price convergence with physical markets. With the March 2026 contract approaching its final trading day (February 12, 2026, London time), holders must confirm delivery intentions or reduce positions to comply with exchange regulations. Physical deliveries for this period are required to meet winter-grade quality specifications, given the delivery window spans October to March.

Market participants are closely monitoring geopolitical developments and European demand patterns as key drivers for near-term price direction. The ICE LSG contract remains a vital hedging tool for industry players navigating uncertainties in global fuel markets.

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