Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product that is extracted from underground reservoirs. It is a mixture of hydrocarbons, which are organic compounds made up of hydrogen and carbon atoms.

In the supply class Fuel Oils, crude oil is used as a primary source for producing various types of fuel oils. Fuel oils are a type of liquid fuel that is commonly used for heating and powering industrial processes. They are also used as a fuel source for ships, power plants, and other heavy machinery.

Within the supply group Fuels, Lubricants, Oils, and Waxes, crude oil plays a significant role as it serves as the raw material for producing a wide range of products. Apart from fuel oils, crude oil is also refined to produce gasoline, diesel fuel, jet fuel, and other petroleum-based products. Additionally, crude oil is used as a feedstock for manufacturing lubricants, waxes, and other specialty oils.

Overall, crude oil from the supply class Fuel Oils in the supply group Fuels, Lubricants, Oils, and Waxes is a versatile and essential resource that plays a crucial role in various industries and sectors.