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Fuel oils are used as energy-generating fuels in industry and for power units. Heating oil, also called Industrial fuel oil, is used in & boilers & furnace for generating heat energy or for industrial heating, and for producing electricity in power plants. Fuel oil, also called furnace oil, fuel consisting mainly of residue from crude oil distillation. Industrial fuel oil is usually blended with other petroleum fractions to produce the desired viscosity and flash point.