What does a distillate trader do?
What does a distillate trader do?
The Distillate and Fuel Oil Feedstocks Trader will be responsible for developing profitable commercial opportunities out of a large global refinery and chemical footprint. Negotiating term and spot contracts for sales and purchases of feedstocks and blend stocks.
What is middle distillates trader?
Middle distillates is the term used to describe a range of refined products, which result from the separation of crude oil through fractional distillation, between lighter products (LPG and gasoline) and heavier products (fuel oil).
Is jet fuel a middle distillate?
Middle distillates, which are hence also known as gasoil, primarily include extra light heating oil (heating oil EL), and diesel fuel, as well as marine diesel oil (MDO) as an intermediate stage between middle distillates and heavy fuel oil, and jet fuel (also called Jet A-1 or kerosene).
Is gasoline a light distillate?
Petroleum products are usually grouped into four categories: light distillates (LPG, gasoline, naphtha), middle distillates (kerosene, jet fuel, diesel), heavy distillates, and residuum (heavy fuel oil, lubricating oils, wax, asphalt).
How is distillate fuel made?
A distillate fuel is any one of the wide variety of fuels obtained from fractions boiling above the temperature at which gasoline comes off in the distillation of petroleum.
What distillate means?
1 : a liquid product condensed from vapor during distillation. 2 : something concentrated or extracted as if by distilling.
What are heavy distillates?
What Are Heavy Distillates. Heavy Fuel Oil (HFO) is a category of fuel oils of a tar-like consistency identified as a “worse case substance”. Also known as bunker fuel or residual fuel oil, HFO is the result or remnant from the distillation and cracking process of crude oil.
Is diesel a distillate?
Distillate fuel is a general classification for one of the petroleum fractions produced in conventional distillation operations. It is liquid fuel usually distilled from crude petroleum. It includes diesel fuels and fuel oils.
What is considered a distillate?
Distillate is a term used to refer both to the atmospheric gasoil cut from atmospheric distillation, and to a range of light products ranging from kerosene to diesel. Generally, the distillate products are considered to include: Kerosene. Jet fuel. Diesel.
What kind of trade is middle distillates?
Middle distillates trader for example could trade in a few middle distillates products such as diesel and jet fuel or across the whole middle distillate spectrum. Some traders also trade across other categories such as light end products or residual fuels.
What kind of trading do you do in light distillates?
Physical traders generally focus on one or more oil product from within the same group. For example, a trader might specialise in gasoline trading or gasoline, naphtha and LPG trading depending on the company. Some light distillates traders may also trade in lighter middle distillate products.
What do you mean by light distillates oil?
Light distillates is the term used to describe refined oil products which are produced following fractional distillation at the top of the distillation tower, above the middle distillates (kerosene, jet fuel, diesel) and heavier products (heavy fuel oil (FO), asphalt, bitumen, lubricating oils and waxes).
