Diesel Fuel

Regulation & Legislation
Distillate Markets
Fuels

ICE Reports Record Trading In ULSD Contracts

The London-based Intercontinental Exchange (ICE) announced that open interest in its “low sulfur gasoil” (ultralow sulfur diesel) contracts hit a new record of 723,246 contracts on June 1, up from 721,784 contracts in the previous record set Feb. 23, 2011.

Distillate Markets

Deere 2Q-FY 2015 Net Income Drops Year-on-Year

Mainly diesel-powered farm and construction equipment maker John Deere and Co. announced that its second-quarter (2Q) fiscal-year (FY) 2015 net income fell to $690.5 million, down from $980.7 million in 2Q-FY 2014.

Distillate Markets

Dakota Prairie Refining Launches Diesel Sales

MDU Resources announced June 1 that the 20,000-barrel-per-day (bbl/d) MDU/Calumet Specialty Products Partners joint-venture “Dakota Prairie” refinery in North Dakota launched commercial sales of ultralow sulfur diesel on May 15.

Distillate Markets

Corral’s Preem 1Q-2015 Refining Margins Soar

Corral Petroleum recently announced that its 345,000-barrel-per-day (bbl/d) Preem refining subsidiary in Sweden saw first-quarter (1Q) 2015 refining margins almost triple year-on-year (y-o-y), to US$6.26 per barrel (bbl), up from $2.33/bbl in 1Q 2014.

Transportation
Distillate Markets
Technology

Tenneco Debuting Marine Diesel SCR System

On the heels of a crucial technology development agreement more than two years ago with Cormetech Inc., Tenneco debuted a marine diesel urea-selective catalytic reduction (SCR) system that enables ships to comply with International Maritime Organization Tier III limits on NOX.

Distillate Markets