Heating Oil News

• Inflation could lift above five per cent as fuel prices soar due to Middle East conflict, Westpac's Pat Bustamante warns 03/10/2026
  A leading economist has warned that inflation could lift above five per cent as Australians continue to be stung with soaring petrol prices at the bowser.
• Sri Lanka hikes fuel prices by 8% to curb panic buying amid rising global oil prices 03/10/2026
  The move comes amid rising global crude oil prices, which recently crossed USD 100 per barrel for the first time in four years, driven by escalating tensions in West Asia ...
• US-Israel Iran War Live Updates: Strike hits South Lebanon's Tyre hours after Israel warns of attacks on Hezbollah sites 03/10/2026
  US President Donald Trump said the war with Iran could end “very soon,” claiming US-Israel strikes had crippled Tehran’s military. However, he kept the timeline vague while warning of massive retaliat ...
• 'We are rationing heating oil in our rural pub' 03/10/2026
  Many people in rural counties such as Shropshire also use heating oil to warm their homes, The Stiperstones Inn additionally operates a holiday let, meaning the team there has to balance the pub's ...
• Bengaluru LPG shortage: Tejasvi Surya writes to Petroleum Minister Hardeep Puri seeking 'uninterrupted supply' 03/10/2026
  In the letter sent on Monday, Surya conveyed concerns raised by the Bangalore Hotels Association, which said the hospitality industry depends heavily on commercial LPG for daily kitchen operations.
• Iran-Israel-US war LIVE updates: G7 considers releasing emergency oil stocks to steady markets 03/10/2026
  Trump, who has previously said that the war could last for a month or longer, sought to downplay growing fears that it could be a long-term regional conflict, saying it was "going to be a short-term ...
• How Iran war, surging oil prices affect consumers at gas pump and beyond 03/10/2026
  NEW YORK — As the price of crude oil surpassed $110 a barrel Monday, reaching heights not seen since 2022, consumers were feeling the effects of the Iran war and its damage to worldwide energy ...
• Bangladeshi oil ships to get safe passage in Strait of Hormuz amid Mideast conflict: Report 03/10/2026
  Iranian ambassador asked Dhaka to provide advance information about its fuel-carrying vessels, reports local daily - Anadolu Ajansı ...
• South Korea enacts historic fuel price cap to fight Iran oil shock 03/10/2026
  As a nation that imports nearly every drop of oil it consumes, South Korea is hitting the panic button to shield citizens from rising prices.
• Iran launches new attacks at Israel and Gulf countries as it keeps up pressure on the Middle East 03/10/2026
  DUBAI, United Arab Emirates (AP) - Iran launched new attacks on Tuesday at Israel and Gulf Arab countries as it kept up pressure on the Middle East in a war that has impacted the region and beyond, ...
• The Latest: Iran launches drones at Saudi Arabia and Kuwait as US president sends mixed messages 03/10/2026
  Iran launches drones at Saudi Arabia and Kuwait as U.S. President Donald Trump sends mixed messages about the war, fueling market uncertainty. Saudi officials said on Tuesday they destroyed drones ...
• Egypt Raises Fuel Prices Amid Oil Disruption 03/10/2026
  Egypt raised domestic fuel prices by up to 17% as the disruption in the Strait of Hormuz curbs output from regional oil producers, citing the “exceptional situation” in the Middle East. The country’s ...