Risk glossary



A middle distillate and form of heating oil used primarily in heating and air-conditioning systems. One of the most actively traded oil products, gasoil is the underlying in a key International Petroleum Exchange (IPE) futures contract. In refining terms, gasoil comes between fuel oil and the lighter products such as naphtha and gasoline. In its broader definition, it covers the oil products used for diesel automotive fuel and jet fuel.

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