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Value Oils News

Heating Oil Price Rise Imminent

6th January 2017 by Anthony | write a comment

We’ve had a few people querying our opinion on whether heating oil price is set to rise. January is generally thought of to be one of the cheaper months to buy oil but unfortunately this isn’t the case for several reasons that we’ll get onto. Truthfully, it’s very hard to predict the price of oil due to the turbulent nature of todays markets, few expected the oil price to dip so suddenly i… Read more

OPEC Agree Production Cut – Oil Price Shoots Up!

30th November 2016 by Anthony | write a comment

Just a few months back there was a major Organisation of Petroleum Exporting Countries (OPEC) announcement that began to halt production of oil which in turn drives the oil price up. They succeeded too, prices rose (in terms of home heating oil) from an average of £159 to around the £200 mark. That was still at a barrel price of around $48, an agreement between OPEC and non-OPEC countries today … Read more

BREAKING NEWS – Heating Oil Prices Set to Rise!

29th September 2016 by Anthony | write a comment

 The Organisation of Petroleum Exporting Countries (OPEC) will reduce output to a range of 32-33m barrels per day which is nearly a 1m barrel decrease. OPEC members reached an agreement yesterday on the oil production-limiting deal. This will have a massive impact on the price you pay for your home heating oil! The US Dollar (USD) also fell against the Norwegian Krone with Norway being a major cr… Read more

Can Trump Affect Heating Oil Prices?

27th September 2016 by Anthony | write a comment

Donald Trump. The mere mention of his name these days is enough to conjure up an opinion; good, bad or worse. But what could he do for the oil industry? Could one man affect the price you are paying for your domestic heating oil. There are suggestions that the oil industry is one of the things he could be very good for. He supports further deregulation of the oil market which, among other things, … Read more

Take Action: Prepare for Winter Now by Ordering Heating Oil Early

5th October 2015 by Andrew | write a comment

News for heating oil users: The UK could be set for one of the coldest winters on record. Although we see reports like this quite often, there seems to be quite a bit of backing for reports that this Winter could be a cold one, with the MET Office also suggesting that it could be a cold winter. The Telegraph are reporting that: “Britain braced for long, snowy winter as strongest El Nino sin… Read more

Are Oil Prices heading towards $30 a barrel?

27th August 2015 by Andrew | write a comment

So far, 2015 has seen oil prices plunge significantly against 2014 prices and lows of around $45 per barrel were reached in January 2015. Oil Prices then stabilised at around $55 – 60 per barrel from February – May 2015. Since then however, prices have been declining again and at the time of writing are just below $45 per barrel – 6 ½ year lows. These lower prices are great news for our cus… Read more

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    • Sariah Meagle I was not aware that oil heating systems are efficient as you mentioned so I'll consider this option for my new home. I do agree that if I get the right system, it has cheaper pricing as you pointed out to keep them functional. Since you said that they are ideal for keeping safety, I might be able to keep my home so I'll have a contractor install one for me as soon as possible.
    • Warren Davies Hello, I’m in the process of buying a vintage helicopter that is happy to run on red diesel. Is this legal for a flying machine? Thanks Warren
    • Duncan Lance The cost it takes to heat your home with oil is definitely one of the factors to take into consideration when choosing it. As the article points out; fortunately, heating oil is fairly cheap for the home. However, you will need to keep other costs in mind such as the price for having it delivered to your house.
    • Gordon The minimum distance should be 600mm, not 760mm. And why is it a silly idea? If you spend most of your time doing that then I pity your customers!
    • Elizabeth Mills Is there any danger of explosion of the kerosene in our oil tank due to the very hot weather we're experiencing? It's been 33 degrees Celsius lately and the tank feels very warm. Hoe stable is kerosene at that temperature?
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    • RT @metoffice: An average temperature of 6 °C makes it the 5th coldest spring in national records dating back to 1910 and the coldest spring since 1962 2,210 days ago