More stable and valuable bio-oil produced from biomasses are provided. More specifically, more stable and valuable bio-oil useful as heating oil, alone or in combination with an oxygenated acyclic component, is provided. Particularly, various embodiments of the present invention provide for a bio-oil having sufficient heating value and stability to be useful as heating oil, alone or in combination with an oxygenated acyclic component, without the need to hydrotreat the bio-oil or use a similar deoxygenating process.