ICE May Gasoil Deliveries at 14-Month High; Low-Sulfur Drops

A total of 403,400 metric tons of 0.1 percent sulfur gasoil was delivered against the May contract on the ICE Futures Europe exchange, the most since March 2011, according to data on the bourse’s website.

That compares with 71,800 tons in April and 90,000 tons in May last year, the ICE data show.

Shipments for low-sulfur gasoil fell to 8,100 tons in May, compared with 30,000 tons in April. That’s the smallest volume in the five months since deliveries began against the new contract, which started trading last year.

To contact the reporters on this story: Lananh Nguyen in London at lnguyen35@bloomberg.net; Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net