This invention is directed to a process for producing a hydroprocessed product. The invention is particularly advantageous in that substantially less hydrogen is absorbed during the process relative to conventional hydroprocessing methods. This benefit is achieved by using a particular solvent as a co-feed component. In particular, the solvent component contains at least one single ring aromatic compound and has a relatively low boiling point range compared to the heavy hydrocarbon oil component used as another co-feed component.