Heating Oil News
Real-time news from EIA, Reuters, OilPrice.com & more · Updated every 30 min
NE Average
$6.11/gal
HO Futures
$4.71
WTI Crude
$103.20
Brent
$117.38
Distillate Stocks
102.301M bbl
Latest Stories
Live · refreshes every 30 min
OilPrice.com
Record Tanker Rates Cripple U.S. Crude Oil Flows to Asia
The Iran war has made oil tanker voyages so inefficient that vessel availability has crumbled and freight costs have soared to record-highs, all but erasing the incentive for shipping crude oil fro…
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OilPrice.com
Fuel Oil Becomes Asia’s Next Cost Shock
Singapore’s shipping-fuel market is adding another layer of cost to Asian trade. Disrupted supplies from the Middle East and Russia, resilient bunker demand and prohibitive freight rates have pus…
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OilPrice.com
Syria's Energy Comeback Could Reshape Middle East Oil and Gas
Syria is undergoing countrywide reconstruction after more than a decade of conflict, which caused extensive infrastructure damage and led to millions of people being displaced. As Syrians rebuild t…
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OilPrice.com
Can Undersea Volcanoes Power Cities? A Seattle Startup Just Took the First Step
A geothermal startup aiming to source energy directly from undersea volcanoes just hit a major milestone that could bring round-the-clock clean energy to cities on the northwest coast of the United…
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OilPrice.com
Trump Targets $6.2 Billion Offshore Wind Project Nearing Completion
United States President Donald Trump has repeatedly targeted offshore wind since coming into office last year, as he strives to expand the country’s fossil fuel sector and shift the focus away fr…
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EIA Today in Energy
PRICE DATA
U.S. refineries have been running at very high rates in 2026
The U.S. refinery fleet has run at higher-than-normal rates this year, with refinery utilization averaging more than 95% of capacity between May and September, the highest for those months since 19…
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EIA Today in Energy
PRICE DATA
Hybrid sales rise while battery electric sales remain lower after tax credit expiration
In the third quarter of 2026 (3Q26), 23% of new light-duty vehicles sold in the United States were hybrid electric, battery electric, or plug-in hybrid electric vehicles, down slightly from 24% in …
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EIA Today in Energy
PRICE DATA
Mixed outlook for energy expenditures this winter
We expect energy expenditures this winter to vary because of diverging trends in energy prices among fuels and regional variation in forecast temperatures. We expect that lower prices for natural g…
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EIA Today in Energy
PRICE DATA
Crude oil prices and refinery margins generally increased throughout the third quarter
Petroleum markets in the third quarter of 2026 (3Q26) were characterized by increasing prices for crude oil and petroleum products amid persistent conflict in the Middle East.
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EIA Today in Energy
PRICE DATA
Henry Hub natural gas prices this summer were 6% lower than last summer
The Henry Hub natural gas spot price averaged $2.93 per million British thermal units from June through August, 6% less than the same period last year. Prices were lower this summer despite excepti…
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CheapHeatingOil
OUR GUIDE
Best Time of Year to Buy Heating Oil (And How Much You Can Save)
Heating oil prices follow a predictable seasonal pattern. Learn exactly when to buy heating oil to save 20-40…
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CheapHeatingOil
OUR GUIDE
Home Heating Oil Delivery: What to Expect and How It Works
How does heating oil delivery work? Everything Northeast homeowners need to know about ordering, delivery windows, what happens…
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CheapHeatingOil
OUR GUIDE
How to Replace Your Oil Furnace
How to Replace Your Oil Furnace (Beginner’s Guide for Homeowners) Replacing an oil furnace is a major home…
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CheapHeatingOil
OUR GUIDE
How to Buy Heating Oil at the Best Price
How to Buy Heating Oil at the Best Price (Complete Guide) If you heat your home with oil,…
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