Heating Oil News

EIA Inventory Reports

By |August 14th, 2015|Categories: Heating Oil News|

This week in oil news

Oil prices started to recover on Monday as investors await reports on the state of US oil inventories, which are expected to show an increased demand in the domestic oil market. Another factor which can play a role, according to market analysts is the fall of active oil rigs. Rig count fell dramatically over the […]

By |August 11th, 2015|Categories: Heating Oil News|

Oil rig count increased for a third week in a row

The rig count gain this week was the third increase in a row, reports Baker Hughes, the longest winning streak since September 2014, bringing the total rig count up to 670, the highest since early May. Crude oil futures plumbed multi-month lows Friday and racked up a sixth straight week of losses. Also weighing on […]

By |August 7th, 2015|Categories: Heating Oil News|

EIA weekly inventory report – July 15,2015

Please click here to read or download the latest EIA report for the week ending July 10,2015. While US commercial crude oil inventories decreased by 4.3 million barrels down to 461.4 million barrels, US crude oil refinery inputs increased to 16.8 million barrels per day and US crude oil imports increased to 7.4 […]

By |July 16th, 2015|Categories: Heating Oil News|

EIA oil inventory report – July 8, 2015

After a major drop on Wednesday oil prices are on the path to recovery today as China’s recovering from market panic and Iran’s nuclear program deal appears to be deadlocked. Chinese government’s efforts to stem the equities selloff appeared to work, meanwhile the threat of higher Iranian crude oil exports receded for now as nuclear talks between Iran […]

By |July 9th, 2015|Categories: Heating Oil News, Heating Oil Prices|

Oil prices on Monday fall to their biggest single-day decline in more than 3 months

Oil prices on Monday skidded to their biggest single-day declines in more than three months, as gyrations in Chinese stocks and the prospect of more crude from the U.S. and Iran revived worries about the global supply glut. Iran is nearing an historic nuclear deal with the West — and that’s scaring the oil markets. […]

By |July 6th, 2015|Categories: Heating Oil News, Heating Oil Prices|

U.S. Rig Count Declines for 8th Month Straight

Oil prices stabilized on Friday as data from oilfield services firm Baker Hughes showed the decline in its oil rig count entered its 8th month. Active US oil rig count is currently at 628, the lowest since August 2010. In comparison, same time last year there were 1558 active oil rigs in the […]

By |June 26th, 2015|Categories: Heating Oil News|

EIA weekly oil inventory report – June 24, 2015

EIA released its weekly inventory report today for the week ending June 19, 2015. Oil prices fell on Wednesday after EIA data showed that crude-oil supplies diminished last week but inventories of refined products rose. Light, sweet crude for August delivery settled down 74 cents, or 1.2%, to $60.27 a barrel on the NYMEX. Brent, […]

By |June 24th, 2015|Categories: Heating Oil News, Heating Oil Prices|Tags: |

Oil Outlook Turns Upside Down in the Course of a Year

In the past year oil outlook has turned upside down as concerns over supply cuts turned into concerns of oversupply. Last year investors were worried that Islamic State’s military victories threatened to cut off supply from Iraq and that sanctions on Russia would diminish output. However, neither of those predictions came true.

The image below makes […]

By |June 24th, 2015|Categories: Heating Oil News|

EIA weekly oil inventory report – June 17, 2015

EIA released its weekly inventory report today for the week ending June 12, 2015. Oil prices are soaring on Wednesday morning, increasing 2.93% only to fall back down. The price jump was partly due to analysts expexting U.S. inventory data to show strong refiner demand for oil and consumer demand for gasoline. Analysts expected total domestic oil […]

By |June 17th, 2015|Categories: Heating Oil News|