HEATING OIL FUTURES |WTI CRUDE |BRENT CRUDE |NATURAL GAS |NE AVG HOME HEATING OIL /gal

Heating Oil News

Real-time news from EIA, Reuters, OilPrice.com & more · Updated every 30 min

NE Average
$5.58/gal
HO Futures
$3.775
WTI Crude
$95.50
Brent
$101.68
Distillate Stocks
102.344M bbl
Latest Stories Live · refreshes every 30 min
OilPrice.com
Europe’s Dependence on U.S. LNG Is Set to Surge
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and …
OilPrice.com
Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz
A Chinese tanker is attempting to cross the Strait of Hormuz, Bloomberg reported today, citing ship-tracking data showing the VLCC moving south along the eastern side of the chokepoint. The moment …
OilPrice.com
Canada’s Economy Caught Between Oil Windfalls and Trade Wars
A recent Bank of Canada Market Participants Survey has flagged geopolitical and trade tensions as the biggest risks facing the Canadian economy. Leading the downside are geopolitical risks led by t…
OilPrice.com
Why Physical Crude Premiums Collapse Despite the Hormuz Crisis
The price of physical crude has collapsed in recent weeks from premiums of over $30 per barrel above the Brent benchmark in early April, to near-parity or even at small discounts in the May buying …
OilPrice.com
5 Oilfield Services Stocks Built for a Post-Hormuz World
When U.S. and Israeli forces launched coordinated airstrikes on Iran at the end of February, the energy market’s first question was how long the Strait of Hormuz would stay closed. Ten weeks late…
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…
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…
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…
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,…
Live Market Data Updated 8:05 am
NE Avg / gallon
$5.58
HO Futures
$3.775
WTI Crude
$95.50
Brent Crude
$101.68
Distillate stocks
102.344M bbl
Price Forecast EIA STEO
May 12, 2026 · Next June 9, 2026
Short-Term Outlook
Q2 2026
Brent above $95/bbl
Strait of Hormuz risk premium
▲ Upward pressure
Q3 2026
Brent ~$80/bbl
Easing as supply gradually resumes
▼ Declining
Q4 2026
Brent ~$70/bbl
Inventory builds weigh on price
▼ Declining
Spring '26
HO demand easing
Off-season buying opportunity
▼ Declining
Winter '26
NE supply risk
Low distillate inventory
▲ Upward pressure
Brent Crude Avg $/bbl
2025
$74/b
2026
$91/b
2027
$64/b
NE Heating Oil Risk: Elevated
Distillate inventories forecast at multi-year lows through 2026 due to refinery closures. Supply disruptions could push NE heating oil prices higher during peak demand.
Source: EIA Short-Term Energy Outlook, May 12, 2026
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CheapHeatingOil
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