Heavy Fuel Oil Market Production Capacity and Long-Term Demand Outlook

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2026-03-20 08:07:02 -

Heavy fuel oil (HFO) is a residual product derived from crude oil refining and is widely used in power generation, marine transportation, and industrial applications. Despite the global transition toward cleaner energy sources, heavy fuel oil continues to play a crucial role in sectors that require high energy output at relatively lower costs. Its high calorific value and cost-effectiveness...

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