Heating Oil Prices

How will the upcoming OPEC meeting affect oil prices?

No significant changes are expected in oil prices due to the upcoming OPEC meeting. Oil prices rose as much as 2% on Tuesday June 2, driven by a weak dollar, and expectations that U.S. crude supplies could have fallen again last week for a fifth straight week. We’ll be able to confirm this story tomorrow […]

By |June 2nd, 2015|Categories: Heating Oil News, Heating Oil Prices|

NYSERDA Average Heating Oil Price Reporting is Inaccurate According to Local Data

The New York State Energy Research and Development Authority (NYSERDA) reports on the average heating oil prices every week (and bi-weekly April through August) through their “New York Home Heating Oil Price Monitoring Program“. Unfortunately it’s not clear how exactly they calculate the average price. It does say that it’s based on credit […]

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

EIA weekly oil inventory report – May 20,2015

EIA just released its weekly oil inventory report for the week ending on May 15, 2015.  You can view the full report here. Crude oil prices increased for 9 consecutive weeks, followed by a slight decline on Tuesday, May 19. Prices are picking up today, Wednesday.

Here are the EIA report highlights:

  1. U.S. commercial crude oil inventories […]
By |May 20th, 2015|Categories: Heating Oil News, Heating Oil Prices|Tags: , |

Crude oil prices increase for 9 consecutive weeks

May 18, 2015 – Oil prices are on the rise today extending a record run in weekly gains. Crude prices increased for 9 consecutive weeks now – that’s the longest weekly streak of gains in at least thirty years but could that rally in oil be too good to be true?

When asked if we are going […]

By |May 18th, 2015|Categories: Heating Oil News, Heating Oil Prices|

Historic Residential Fuel Oil and Kerosene Sales in New York

An overview of the historic use of residential heating oil and kerosene in New York from 1984 to 2013. Data on kerosene and fuel oil sales for home heating applications is tracked by the Energy Information Agency (EIA) and historical data for NY is presented in the charts below. Residential kerosene sales as well as fuel […]

By |May 17th, 2015|Categories: Heating Oil Prices|

U.S. Energy Information Administration (EIA) releases weekly oil inventory report

May 13, 2015 – EIA just released its weekly oil inventory report for the week ending on May 8, 2015.  You can view the full report here.

Oil prices are currently going up, partially due to U.S. decreased oil production this week.

Here are the EIA report highlights:

1. U.S. commercial crude oil inventories excluding those in […]

Are higher oil prices here to stay?

With WTI climbing above $60/barrel and crude oil inventories in USA declining, oil prices are at the highest in 2015. According to EIA oil stockpiles fell by 3.9 million barrels for the week ending on May 1, a larger drop than expected. Rig count is also going down, and weekly production figures and […]

By |May 8th, 2015|Categories: Heating Oil News, Heating Oil Prices|

How to compare home heating oil prices on Long Island

The Heating oil market is highly competitive. There are many suppliers on Long Island and most of them have different prices at a time. Abundance of companies can, however, make your journey to the lowest heating oil quote really long. You can immediately resort to Google and put the exact keywords, but returned results won’t be […]

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

Why Oil is having its worst day in a week 04/24/2015

By |April 25th, 2015|Categories: Heating Oil Prices|

How to find the best heating oil companies on Long Island

Finding the right heating oil company on Long Island, NY to heat up your home is a very important step in assuring that your home will remain warm during the entire winter. The first thing someone would try to use for this is Google. By entering simple keywords such as “heating oil companies long island” […]

By |April 25th, 2015|Categories: Heating Oil Prices|