Heating Oil News

• Fuel prices increase in weekly adjustment 07/11/2025
  Furnace oil heating fuel on the Island increased by 3.61 cents, and stove oil heating fuel in zones 13 and 13a increased by 3.49 cents. Propane heating fuel saw a decrease of up to 2.2 cents. The ...
• Electric Truck Sales Surge in China 07/11/2025
  Per the Sublime China Information figures, 76,100 new energy trucks were sold in the country between January and June, with electric trucks accounting for 90% of the annual sales increase. The rest ...
• Depot Owners Battle Dangote Refinery, Slash Prices to Maintain Market Advantage 07/11/2025
  Barely 24 hours after Dangote Refinery reduced its ex-depot petrol prices to N820 per litre from N840, depot owners have responded with cost cuts.
• BP ratchets up oil and gas output after renewables retreat 07/11/2025
  BP gas and oil production volumes are expected to have jumped over the second quarter as the energy giant continues to refocus efforts on fossil fuels.
• OPEC+ Production Boost Challenges Procurement Strategies 07/11/2025
  As OPEC+ allies restore 548,000 barrels daily, creating oil market volatility, procurement executives face supply chain risks as prices potentially drop ...
• Soybean Oil In The Biofuel Era: An Industry Expert's Perspective 07/11/2025
  On June 13, the U.S. Environmental Protection Agency proposed higher biofuel blending requirements for 2026 and 2027. Read more here.
• Russia's fuel export revenue in June fell 14% from last year, IEA says 07/11/2025
  Russia's revenue from sales of crude oil and oil products in June declined by almost 14% from a year earlier to $13.57 billion, the International Energy Agency said on Friday.
• Stricken MSC boxship to have oil removed from engine room 07/11/2025
  Salvors continue to make progress on removing fuel and boxes from a grounded MSC Mediterranean Shipping Company container ship off Canada. The 2,478-teu MSC Baltic III (built 2003) got stuck off Cedar ...
• California to Lose 17 Percent of Oil Refining Capacity: EIA – The Epoch Times 07/11/2025
  California could lose 17 percent of its oil refinery capacity over the next 12 months due to two scheduled refinery closures, the Energy Information ...
• Fuel prices, power cost up next week 07/10/2025
  Expect an increase in the prices of fuel and cost of electricity next week amid developments in the global and local markets. Jetti Petroleum President Leo Bellas said the rise in pump prices stemmed ...
• Analysis-Soaring Electric Truck Sales Deal New Blow to Diesel Use in China 07/10/2025
  LANGFANG, China (Reuters) -Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of chargers, further curbing diesel usage and denting oil ...
• Louisiana is the latest state to greenwash gas 07/10/2025
  A new state law that redefines natural gas as a “green” energy source was adapted from language written by a right-wing think tank.