Heavy Fuel Oil Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
EC | A | Ecopetrol S.A. | 1.80 | |
MPC | B | Marathon Petroleum Corporation | -0.56 | |
CLMT | B | Calumet Specialty Products Partners, L.P. | -0.96 |
Related Industries: Oil & Gas Integrated Oil & Gas Refining & Marketing
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
NRGU | A | MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 10.0 | |
NRGD | F | MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | 10.0 | |
IEO | A | iShares U.S. Oil & Gas Exploration & Production ETF | 8.89 | |
FTXN | A | First Trust Nasdaq Oil & Gas ETF | 7.97 | |
CRAK | B | Market Vectors Oil Refiners ETF | 7.52 |
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- Heavy Fuel Oil
Heavy Fuel Oil (HFO) is a category of fuel oils of a tar-like consistency identified as a "worse case substance". Also known as bunker fuel, or residual fuel oil, HFO is the result or remnant from the distillation and cracking process of petroleum. For this reason, HFO is contaminated with several different compounds including aromatics, sulfur and nitrogen, making emission upon combustion more polluting compared to other fuel oils. HFO is predominantly used as a fuel source for marine vessel propulsion due to its relatively low cost compared to cleaner fuel sources such as distillates. The use and carriage of HFO on-board vessels presents several environmental concerns, namely the risk of oil spill and the emission of toxic compounds and particulates including black carbon. Presently, the use of HFOs is banned as a fuel source for ships travelling in the Antarctic as part of the International Maritime Organization's (IMO) International Code for Ships Operating in Polar Waters (Polar Code). For similar reasons, an HFO ban in Arctic waters is currently being considered.
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