Heating Oil Prices

Oil Price Trends June 2015 – April 2016

oil prices June 5, 2015 -April 23, 2016

The chart above represents NYMEX oil prices from June 5, 2015 to April 22, 2016. In the beginning of June 2015 oil prices were about $1.90/g of heating oil, down about 50% of the previous year. On January 12, 2016 […]

By |April 25th, 2016|Categories: Heating Oil Prices|

Oil continues rally but analysts remain pessimistic

 

Oil prices continue to rally after hitting lows in February due to a mild winter. The Financial Post reports that benchmark West Texas Intermediate rose 46 percent since mid-February and finished last week near the $40 per barrel threshold. Analysts, however, remain pessimistic that the recent oil price rally will hold.

The pessimism is not […]

By |March 21st, 2016|Categories: Heating Oil Prices|

Slomin’s Oil Customer Reviews Summary

heating-oil-prices

Slomin’s is a heating oil delivery company which points out their long history. Unlike most other oil heat deliveries, Slomin’s is a diversified home-related services provider, and heating oil is just one part of their business. Their website is full of explainations how great […]

By |March 15th, 2016|Categories: Heating Oil Prices|

News and updates on heating oil prices

Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/Files

Since the beginning of this year, heating oil prices have continued on a downward trend to record lows, and oil heat prices keep falling. We are now witnessing historic moments – as oil prices are now […]

By |January 27th, 2016|Categories: Heating Oil Prices|

Does it still make sense to switch from oil heat to natural gas?

The natural gas industry may want you to think so but as the price of heating oil continues to drop, it is now cheaper to heat with oil heat than natural gas. Last year heating oil prices were $3 or more per gallon. This year they are half. Oil currently goes for about $1.80/g for […]

By |October 29th, 2015|Categories: Heating Oil Prices|

This week in oil news

September 28, 2015 – Long Island, NY – Oil prices have remained low for weeks, and it can be assumed now with a great certainty, that it won’t change much during the upcoming winter season. Even a short-term boom of heating oil options prices from late August did not sustain. Low demand for crude oil worldwide, […]

By |September 29th, 2015|Categories: Heating Oil Prices|

EIA Summary of Weekly Petroleum Data for the Week Ending July 31, 2015

EIA published its weekly inventory report. You can download it here. Oil dipped below $45 a barrel today for the 1st time since March. This slide comes despite larger-than-expected oil inventory drop. U.S. crude oil imports averaged 7.2 million barrels per day last week, down by 365,000 barrels per day from the previous […]

By |August 5th, 2015|Categories: Heating Oil Prices|

How heating oil prices are determined

Prices of heating oil are mainly determined by the world price of crude oil. Although some portion of its final price is built up by means of distribution, and despite the fact modern fuel oil often has a certain level of organic fuel, crude oil prices are always the main criterion for it. Oil is a […]

By |August 5th, 2015|Categories: Heating Oil Prices|

Current Events and Economic Trends Affecting Heating Oil Prices

Oil price is influenced by an extensive set of circumstances. One of the starring roles in determining oil price over medium and longer terms is global political and security events, as well as economic trends. It was once believed that these events can only lift the prices, and that low prices only come as a […]

By |August 2nd, 2015|Categories: Heating Oil Prices|

EIA weekly inventory report – July 29, 2015

Oil prices increased on Wednesday after EIA reported a 4.2 million-barrel drop in crude supplies. You can download the report here. U.S. crude oil refinery inputs averaged about 16.8 million barrels per day during the week ending July 24, 2015, 108,000 barrels per day less than the previous week’s average. U.S. crude oil imports […]

By |July 29th, 2015|Categories: Heating Oil Prices|Tags: |