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Diesel fuel has many colloquial names; most commonly, it is simply referred to as diesel.In the United Kingdom, diesel fuel for road use is commonly called diesel or sometimes white diesel if required to differentiate it from a reduced-tax agricultural-only product containing an identifying coloured dye known as red diesel.
The largest share of oil products is used as "energy carriers", i.e. various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils.
The measure of 42 US or wine gallons corresponds to a wine tierce (third-pipe). A wine barrel, or 1 ⁄ 8 tun, measures 31.5 US gallons (26.2 imp gal; 119.2 L). Applicable standards include: ISO 15750-1:2002. Packaging — Steel drums — Part 1: Removable head (open head) drums with a minimum total capacity of 208 L, 210 L, and 216.5 L
Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. [ 3 ]
The Russian government pays refiners a critical subsidy known as the "buffer mechanism" for refining oil for domestic markets varies by month between 15,000 and 30,000 rubles per metric ton ($30 to $60 per barrel) for diesel and $17 per barrel for gasoline. This keeps fuel prices low in Russia and allows refiners a small profit. [18]
Valero also purchased ownership interest in four major pipelines and eleven fuel terminals, a 14,000-barrel (2,200 m 3)-per-day aviation fuel business, and a network of more than 1,000 Texaco-branded wholesale sites. Valero has continued with the Texaco brand in these markets.
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