All terms

Gasoil

A middle distillate, primarily diesel fuel and heating oil, traded against MOPS/Platts benchmarks.

Gasoil is the umbrella term for middle distillates — diesel fuel, heating oil, marine gasoil. Typical sulphur specs: 10 ppm (ULSD, EN590), 500 ppm (low-sulphur), or higher for marine.

MOPS Gasoil and Platts Cargoes Gasoil NWE are the dominant physical benchmarks.

Related: EN590, MOPS, HSFO.

What does Gasoil mean in oil and commodity trading?
A middle distillate, primarily diesel fuel and heating oil, traded against MOPS/Platts benchmarks.
How do I check a counterparty that uses Gasoil in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.

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