product distilled from petroleum, diesel oil also commonly called, derives its name from having been in the past used to get through vaporization and pyrolysis gas mineral oil.
one liter of oil, about a third is destined to become the first diesel distillation, or by cracking (transaction through which higher molecular weight hydrocarbons are fragmented in the presence of a catalyst) of heavy oils rich in cyclic hydrocarbons.
Unlike gasoline, diesel fuel is less flammable, this property which characterizes it as fuel "safe" for the strong ability to knock in diesel engines, it is extremely dangerous as gasoline, indeed, to detonate must reach high temperatures ( 600-800 degrees C) and does not ignite easily.
Its fuel efficiency is expressed as the "cetane number" (similar to octane).
Description
contract
Name: Nafta (heating oil) contract signed
HO
expiration months: January, February, March, April, May, June, July, August, September, October, November, December,
Stock Exchange: NYMEX, New York Mercantile Exchange
Example: from 1.3100 to 1.3200 = $ 420
minimum price variation (tick) 0.0001
Tick Value: $ 4.20
trading hours: Electronic: from 6:00 p.m. - At 5:15 p.m. NY hours, Dom-Fri.
Shout: 9:00 a.m. at 2:30 p.m. NY hours, Mon.-Fri.
contract size: 42000 gallon contract
Quote: dollars and cents per gallon
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