platts price for d2 diesel per mt today

platts price for d2 diesel per mt today

platts price for d2 diesel per mt today

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Basic Info. US Gulf Coast Ultra-Low Sulfur No 2 Diesel Spot Price is at a current level of 3.963, up from 3.959 the previous market day and up from 1.992 one year ago. This is a change of 0.10% from the previous market day and 98.95% from one year ago.
Platts means a price benchmark service for the oil industry. And Platts pricing plus a premium or minus a discount is the preferred pricing mechanism on this requirement.
D2 is a refinery abbreviation for Gasoil. It is the second distillate from the crude, and can be used without reformers and additives. So, the first engines used D2 as fuel – before petrol cars as we know them today was invented. That is because the engine invented by a German called Diesel, requires no spark plugs.

Ultra-low-sulfur diesel (ULSD) is diesel fuel with substantially lowered sulfur content. Since 2006, almost all of the petroleum-based diesel fuel available in Europe and North America has been of a ULSD type.

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The move to lower sulfur content allows for the application of advanced emissions control technologies that substantially lower the harmful emissions from diesel combustion. Testing by engine manufacturers and regulatory bodies have found the use of emissions control devices in conjunction with ULSD can reduce the exhaust output of ozone precursors and particulate matter to near-zero levels.

What is D2 and where is it used ?

 D2 is a refinery abbreviation for Gasoil. It is the second distillate from the crude oil, and can be used without reformers and additives. So, the first engines used D2 as fuel — before petrol cars as we know them today was invented. That is because the engine invented by a German called Diesel, requires no spark plugs. The diesel engine will ignite and combust when the pressure increases so that the heated “plug” makes it explode. Here we get the name “Diesel” — since the same principles are used in diesel engines today.

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However, automotive diesel that you fill has additives that the refinery will add to make the engine more efficient and also easier to start in the winter. Diesel changes “flash point” in the winter. It also has additives to absorb water that condense. If you use summer diesel in the winter, you will get better mileage, but your fuel pipes may freeze and can also burst, and the wax makes the diesel flow thicker.

The principal difference between GASOIL and D2 is the content of sulphur. Just 10 years ago, the US EPA introduced a limit of 4% sulphur in the GASOIL, whereas Europe and the rest of the world followed later. As in most other cases, when you first have to remove the sulphur, it was soon discovered ways of doing this more efficient. Then it was discovered that the sulphur, as sulphuric acid, could be traded with a good profit — which now is the motivator for extracting as much as possible.

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So “Low sulphur Gasoil” is no longer 4 percent — but below 0.2 percent. Then we have a new, “Ultra Low Sulphur” at 0.02% at the most, and the limit here is (a) that mass spectographs requires extensive calibration to measure below 1000ppm, and (b) sulphur has a way to form clogs — the molecules binds to free hydrogen molecules and form a cluster of molecules that will break if “cracked” by the refinery, but as explained above, D2 is a distillate and has not been “cracked”.

 

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