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The Fuel Oil market is a subset of the Fossil Fuels industry, which includes coal, natural gas, and petroleum. Fuel Oil is a type of petroleum product that is used for heating, industrial processes, and transportation. It is a liquid fuel derived from crude oil and is composed of hydrocarbons, which are molecules made up of hydrogen and carbon atoms. Fuel Oil is typically divided into two categories: distillate fuel oil and residual fuel oil. Distillate fuel oil is a light fuel oil that is used in diesel engines, while residual fuel oil is a heavier fuel oil that is used in boilers and furnaces.
The Fuel Oil market is highly competitive, with many companies offering a variety of products and services. Some of the major players in the market include BP, Chevron, ExxonMobil, Shell, Total, and Valero. These companies are involved in the production, refining, and distribution of Fuel Oil, as well as providing related services such as storage and transportation. Show Less Read more
