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Fuel oils include heavy fuel oil (bunker fuel), marine fuel oil (MFO), furnace oil (FO), gas oil (gasoil), heating oils (such as home heating oil), diesel fuel, and others. The term fuel oil generally includes any liquid fuel that is burned in a furnace or boiler to generate heat ( heating oils ), or used in an engine to generate power (as ...
Data available until 2011 for fuel oil sales to the international marine shipping sector reports 207.5 million tonnes total fuel oil sales with HFO accounting for 177.9 million tonnes. [ 9 ] Marine vessels can use a variety of different fuels for the purpose of propulsion, which are divided into two broad categories: residual oils or distillates.
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
Oil prices have begun to fall, but these stocks still look ripe to outperform over the long haul.
Ravenswood Generating Station is a 2,480 megawatt power plant in Long Island City in Queens, New York City, owned and operated by LS Power/Helix Energy Solutions Group. [1] [2] The plant is fueled primarily by fuel oil (no. 6) and natural gas which heats the boilers. [1]
Minerva Bunkering is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. It operates from hubs in Geneva, Athens, New York, Singapore, Antwerp and Las Palmas. [12] Recently Minerva Bunkering Expanded Presence in Americas with Bomin Acquisition. [13]
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