Heating Oil Prices

EIA weekly inventory report – July 22, 2015

EIA released its weekly inventory report on Wednesday for the week ending July 17, 2015. Download the report here. U.S. crude oil refinery inputs increased by 45,000 barrels per day, averaging about 16.9 million barrels/day. U.S. crude oil imports also increased by 587,000 barrles per day, averaging over 7.9 million barrels per day. […]

By |July 23rd, 2015|Categories: Heating Oil Prices|

Main Factors Affecting Home Heating Oil Prices

Prices of heating oil can vary from day to day, and can vary among suppliers, even in a single town or county. Over a long term, heating oil price changes can be substantial. There are several major factors which influence the price of heating oil.

1. Season

Demand seasonality has the greatest impact on oil price changes. Demand […]

By |July 20th, 2015|Categories: Heating Oil Prices|Tags: |

10 FAQs About Heating And Cooling Explained

1. What are efficiency rating numbers?

The federal government requires that all heating and cooling equipment as well as most other home appliances have an energy rating. This rating shows us the level of energy efficiency. The higher ratings means that this device will consume less energy, save you more money and is better for the […]

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

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|

EIA oil inventory report – July 1, 2015

Oil prices hit two-month low following US inventory data on Wednesday. Weekly EIA data showed the first increase in crude-oil supplies in nine weeks. U.S. oil supplies rose last week even as refinery utilization increased from 94% to 95% of capacity. To the surprise of many analysts and investors, U.S. crude-oil stockpiles rose last week […]

By |July 1st, 2015|Categories: Heating Oil Prices|

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: |

Is oil cheaper today than back in the 1800s?

BP released its annual report on energy consumption, including a chart that shows oil prices since 1861. The effective cost of oil increased in the 1860s as well as the 1970s, correlating with major events such as the Pennsylvania oil boom and the oil embargo of 1973. Price drops closely correspond to new sources of […]

By |June 12th, 2015|Categories: Heating Oil Prices|Tags: , |

EIA weekly oil inventory report – June 10, 2015

Oil prices continued to climb on Wednesday based on a drop in U.S. crude supplies and a weakening dollar. OPEC’s monthly supply-and-demand report released earlier today called for the global glut of oil to shrink in the coming months. U.S. commercial crude oil inventories decreased to 470.6 million barrels, down from 477.4 million from last […]

By |June 10th, 2015|Categories: Heating Oil News, Heating Oil Prices|

Oil prices are surging on Tuesday as traders await oil demand forecasts from key reports

Oil prices went up on Tuesday partly because of a report showing that monthly oil output from seven major U.S. shale plays is predicted to decrease by 91,000 barrels a day next month, according to a monthly report from the Energy Information Administration released Monday afternoon.

The weekly EIA U.S. inventory data report is due later […]

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