Heating Oil News

• U.S. crude stocks up about 4.5M barrels last week - EIA 06/01/2023
  Investing.com -- U.S. crude stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet on higher ...
• Roundup: Angola decides to remove fuel subsidies 06/01/2023
  Angolan Minister of State for Economic Coordination Manuel Nunes Junior announced on Thursday in Luanda, the capital of Angola, the gradual removal of fuel subsidies.
• Indian Oil cuts commercial LPG price by ₹83.5, ATF by 7% 06/01/2023
  The price of a 19-kg cylinder of commercial LPG, commonly used by hotels and restaurants, has been reduced by ₹83.5 to ₹1,773 in Delhi ...
• Will end monopoly on petrol supplies: Nigeria's NNPC after tripling prices 06/01/2023
  Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide ...
• 'Just Stop Oil' protestors block England cricket team's bus on the way to Lord's 06/01/2023
  This is not the first time a sports event has been targeted by the group, whose mission is to stop fresh fossil fuel production. Members of the 'Just Stop Oil' protest group block English cricket team ...
• Nigeria triples petrol prices after president says to scrap subsidy 06/01/2023
  Nigeria's state oil firm NNPC Ltd on Wednesday hiked petrol prices to as high as 557 naira ($1.21) per litre from 189 naira, days after new President Bola Tinubu said fuel subsidies would be scrapped.
• MC Explains: What is Sustainable Aviation Fuel and how does it help India on its green journey? 06/01/2023
  SAF, or bio-jet fuel, is a low-carbon fuel used in aircraft which results in fewer emissions compared to conventional jet fuel.
• Jet fuel prices slashed by 7% on softening international oil prices 06/01/2023
  Price of commercial LPG, which is used by business establishments like hotels and restaurants, on Thursday was cut by Rs 83.5 per 19-kg cylinder -- the third straight monthly reduction, while rates of ...
• The world’s oil-price benchmark is being radically reformed 05/31/2023
  The price of Brent crude has a decent claim to be the world’s most important number. Two-thirds of the 100m barrels a day of oil traded globally derive their price from it. So do millions of futures ...
• Sales of petrol, diesel and jet fuel rise 9-10% year-on-year in May 05/31/2023
  Liquefied petroleum gas (LPG), used mainly as cooking fuel in the country, rose 9.8% in May over the corresponding period last year. LPG sales in May were 20% higher than in the same month of 2019.
• Oil rises on potential U.S. rate hike pause, debt bill passing 05/31/2023
  Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the debt ceiling bill passing a ...
• Crude oil falls after large surprise build in US crude stocks 05/31/2023
  Brent crude futures for August delivery fell 40 cents, or 0.6% to $72.20 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude (WTI) eased 39 cents, or 0.6%, to $67.70 a barrel.