A large fraction of energy demand is fulfilled by petroleum oil fractions worldwide followed by coal, natural gas, renewable combustible waste, nuclear and hydro energies. Petroleum oil is the backbone of a country to meet its energy demand. However, the imbalance of energy consumption is prevalent around the world due to rapidly depleting energy reserves and escalating oil demand. As petroleum is the most abundant and most highly consumed energy source currently, it is expected that these energy tanks will be empty very soon in near the future.
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