Heating Oil News

• Middle Eastern Oil Giants Accelerate Multibillion-Dollar Clean Energy Push 03/01/2026
  Middle Eastern states are investing tens of billions of dollars in renewable energy, nuclear power, hydrogen and carbon capture to diversify their economies and reduce long-term dependence on oil and ...
• Gas prices could surge in Saskatchewan after Middle East strikes 03/01/2026
  Gas prices in Saskatchewan could rise sharply within days as global oil markets react to joint U.S. and Israeli military strikes on Iran, according to a Canadian energy analyst. Dan McTeague, ...
• Fuel price increase for customers ‘inevitable’ after US and Israeli strikes on Iran, warns AA 03/01/2026
  Oil prices are expected to surge when the New York Futures market opens at 11pm on Sunday, with crucial shipping lanes affected by the joint US-Israeli assault, which Iranian media reports has killed ...
• Hormuz shock puts Bangladesh's energy security at risk 03/01/2026
  The US-Israel attack on Iran has pushed Bangladesh's energy security to a critical juncture, with policymakers scrambling to assess the risks stemming from Tehran's reported closure of the Strait of ...
• NY climate law could hike bills $4,200. Will Gov. Hochul act? 03/01/2026
  Gov. Kathy Hochul faces pressure to seek changes in a 2019 climate law as new analysis warns it could force steep heating and gasoline cost hikes.
• Will NY weaken climate law to tame utility cost spikes? What we know 03/01/2026
  Gov. Kathy Hochul faces pressure to seek changes in a 2019 climate law as new analysis warns it could force steep heating and gasoline cost hikes.
• Thai Industry Chiefs Demand Emergency Energy Summit as Middle East Conflict Escalates 02/28/2026
  The Federation of Thai Industries warns of a "direct threat" to national recovery, urging the Ministry of Energy to audit fuel reserves and map new routes ...
• Energy minister: Thailand has 61 days of oil reserves 02/28/2026
  Energy Ministry says the country has about 61 days of oil supply and is preparing measures to manage price volatility amid Israel–Iran tensions ...
• Iran Escalation Shock Triggers Risk-Off Move To USD And Gold, Oil, Defense And Aerospace Win 02/28/2026
  Oil companies like Exxon Mobil (XOM) and Chevron (CVX) may benefit from higher oil prices, but gains depend on supply disruptions and infrastructure damage. Aerospace and defense stocks, including ...
• Oil and Gas Majors and Traders Suspend Shipments Via Hormuz as US Attacks Iran, Sources Say 02/28/2026
  LONDON, Feb 28 (Reuters) - Several tanker owners, oil ⁠majors ⁠and trading houses have ⁠suspended crude oil, fuel and liquefied natural gas shipments ​via the Strait of Hormuz after the U.S. and ...
• What’s at stake for oil markets as U.S. strikes Iran 02/28/2026
  Iran produces 3% of global oil but controls the Strait of Hormuz, carrying one-fifth of global crude — giving it significant leverage over energy markets. Tankers are avoiding the strait and shipping ...