Diesel Fuel

Fuels
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
Regulation & Legislation
Regulation & Legislation

IPIECA: IMO Must Consider Refiner Issues In Low-Sulfur Bunkers Study

A joint paper from the International Petroleum Industry Environmental Conservation Association (IPIECA) and the Oil Companies International Marine Forum urges the International Maritime Organization (IMO) Marine Environment Protection Committee to consider complex refiner issues when deciding whether to maintain IMO’s default 2020 deadline for all the world’s ships to switch to a 0.5%-sulfur bunker fuel.