Heavy oil is a type of crude oil that is denser and more viscous than conventional crude oil. It is composed of a mixture of hydrocarbons with a higher molecular weight than conventional crude oil, making it more difficult to extract and refine. Heavy oil is typically found in areas with limited access to conventional crude oil, such as in the Middle East, Canada, and Venezuela. Heavy oil is used in a variety of applications, including fuel for power plants, asphalt for roads, and petrochemicals for plastics and other products. It is also used as a feedstock for refineries, which convert it into lighter products such as gasoline and diesel. Heavy oil is an important part of the global oil market, providing a significant portion of the world's energy needs. Companies in the heavy oil market include Saudi Aramco, Royal Dutch Shell, Chevron, ExxonMobil, and Total. Show Less Read more
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