Heating Oil News

• U.S. strategic oil reserve at lowest level in decades, even as tensions with China mount 09/26/2023
  U.S. government-oil held in the reserve decreased by nearly half after the administration adopted a plan to curb soaring domestic gas prices. U.S officials say the soaring fuel prices of 2022 were the ...
• U.S. Crude-Oil Stockpiles Likely Decreased in DOE Data, Analysts Say -- Update 09/26/2023
  By Dan Molinski U.S. crude-oil and refined fuel inventories are expected to see small, across-the-board declines from the previous week in data due ...
• U.S. crude stocks up 1.6M barrels, gasoline, distillates down - API 09/26/2023
  Notwithstanding the build in crude stockpiles, the API cited a drop of 0.828M barrels last week at the Cushing, Oklahoma hub that serves as a central delivery and storage point for U.S. crude. In the ...
• US winter heating costs to rise for most, natgas customers to see drop 09/26/2023
  For those using heating oil, prices are expected to increase by 8.7% to $2,275 from $2,094 last year, reflecting increased tightening in petroleum markets. Households heating with propane can expect a ...
• Oil up; Dollar, impending U.S. stockpiles report limit gains 09/26/2023
  With distillate stockpiles , the expectation is for a drop of 2.0M barrels versus the prior week’s deficit of 2.867M. Distillates are refined into heating oil , diesel for trucks, buses, trains and ...
• Kremlin’s Latest Battle Is With Russia’s Oil Companies 09/26/2023
  Rosneft executives have been pushed out as the Kremlin and the country’s oil companies squabble over profits versus stability in the domestic energy market.
• Kirloskar Oil Engines launches CPCB IV+ compliant gensets for sustainable power solutions 09/26/2023
  Kirloskar Oil Engines (KOEL) announced the launch of its range of CPCB IV+ compliant gensets. With a focus on delivering high-performance, fuel-efficient, and environmentally responsible solutions, ...
• Oil prices stable as economic growth concerns offsets tight supply; Brent over $93/bbl 09/26/2023
  On the Multi Commodity Exchange (MCX), crude oil futures due for a October 19 expiry, were last trading 0.52 per cent higher at ₹7,508 per bbl, having swung between ₹7,352 and ₹7,520 per bbl during th ...
• Oil prices fall as high-interest rate outlook outweighs tight supply 09/26/2023
  Meanwhile, the U.S. dollar hit a 10-month high on Tuesday, as higher bond yields attracted investors towards the greenback ...
• All you need to know about India's first hydrogen fuel cell buses 09/26/2023
  Green hydrogen is a sustainable alternative and does not emit polluting gases, making it a game changer vis-à-vis addressing environmental concerns ...
• India gets green hydrogen buses. Will they change the way we commute? 09/26/2023
  The initiative, part of a pilot project by Indian Oil, will see the fleet cover more than three million kilometres. The hydrogen buses powered by fuel cells emit only water and are far more fuel effic ...
• Muscle, wood, coal, oil: what earlier energy transitions tell us about renewables 09/26/2023
  The United Nations earlier this month released a global stocktake – an assessment on how the world is going in weaning itself off these energy-dense but dangerously polluting fuels ...