What does RFO stand for?

Residual Fuel Oil

This definition appears very rarely and is found in the following Acronym Finder categories:

Science, medicine, engineering, etc.
Business, finance, etc.

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Samples in periodicals archive:

Residual fuel oil cracks will likely weaken somewhat, resulting in slightly wider spreads between light and heavy products at refineries around the world.

Report from BofA Merrill Lynch Global Research - 2010 Energy Market ...

This leads to the forecast of price differences between low and high sulphur residual fuel oils.

Forecasting Saudi Formulae

Petroleum-fired power stations do not, as the name suggests, run on the expensive fuel that you might put in your automobile, but rather on a by product of the refining of crude oil called residual fuel oil, which is cheap, but very, very dirty.

Cleaner than Coal?

_ still the world's largest energy consuming nation _ residual fuel oil deliveries experienced the steepest decline, falling nearly 27 percent to 673,000 barrels per day as industrial and electric utility facilities made major shifts to natural gas, the report said.

U.S. petroleum demand dipped in 2006

Seeking protection against price increases, the company enters into a swap agreement with a risk underwriter covering 50 percent of its residual fuel oil needs for the next three years.

High cost, lower risk

Light refined products include gasolines, diesel fuels, heating oil and jet fuels; heavy refined products include residual fuel oils and asphalt.

TransMontaigne Partners L.P. Schedules Conference Call

NYH 1% residual fuel oil cracks narrowed from the widest level ever of -$40/bbl in July last year to -$1/bbl in February, the strongest spreads in 5 years.

Global Energy Weekly

70 discount to Oman/Dubai, the lowest since at least the late 1990s, in an attempt to appease customers who are suffering from deepening losses caused by producing residual fuel oil.

Top Gulf exporters cut heavy crude prices to lows