As many heating oil users will know, heating oil prices hit a 5 year low in January 2015, with prices reaching around $45 per barrel, falling from around $120 per barrel in the previous summer – great news for our heating oil customers. Prices tumbled due to a number of reasons, but in particular, fracking carried out across the US massively increased supplies.  Despite these increased supplies… Read more

Good news for heating oil users has continued throughout November 2014 as heating oil prices declined by almost 10% from the beginning of the month.  In some areas of the UK 900 litres is now below £400 – a significant decrease, especially when the price has fallen from over £500 at the same time last year. There are a number of factors which have resulted in falling prices and we examine… Read more

UK heating oil prices have been declining for around the last 18 months. The good news for heating oil users is that the average UK heating oil price has fallen by around £60 on 1,000 litres vs. the same time last year and over £100 vs. 18 months ago. So, if you are thinking of ordering 1,000 litres this summer, you may want to know how long you can expect your heating oil to last.  There are a… Read more

In March 2013, the Scottish Government announced that they would be holding a referendum to decide if Scotland should become an independent nation. The referendum is due to be held on 18th September 2014 and could have implications for the exchange rate, North Sea Oil and Gas reserves and the economy.  As well as this, Scottish voters must also consider changes in taxes, pensions and savings. Sco… Read more

Oil storage tanks are available in a wide range of sizes and materials. Tanks are a vital part of oil fired heating systems. The condition of the tank is therefore an important factor in the efficiency of a domestic heating system. It is recommended that oil tanks are serviced at least annually. Common Maintenance Issues: If your oil tank is unsteady or bevelled it could lead to an oil spill. This… Read more

UK Floods 2013/14 February 2014 has witnessed heavy rain, gales and floods across the UK. It has also been one of the wettest winters on record. This type of weather can cause homeowners endless problems and has done so in many areas, particularly south west England and south Wales, in the winter of 2013-2014. There has been extra pressure on household pipes and central heating systems due to the … Read more

Fuel poverty has long been recognised as a problem in society.  It is generally assumed that a home spending more than 10% of its income on heating is in fuel poverty, though the actual definitions have recently changed slightly.  You can read more about official government fuel poverty statistics by clicking here. Causes of Fuel Poverty Fuel poverty has unfortunately become an increasingly comm… Read more

Heating Oil Prices 2014 What heating oil price trends can you expect in 2014? ValueOils.com monitor heating oil prices on a daily basis and often find that the price will do the opposite of what would normally be expected, with peaks and troughs throughout the year.  We recommend keeping an eye on political unrest around the Middle East and the UK Exchange Rate as well as the weather forecast. We… Read more

Christmas is fast approaching and the last thing you want to do is pay more on heating oil than you have to. Start saving this winter with ValueOils.com top 5 tips on how to keep warm and save £££s! The right temperature: Turning your thermostat down by just one degree centigrade can save you 6% on your heating bills – saving you £££’s each year. You probably won’t notice the d… Read more

Heating Oil Groups are made up of people who want to buy oil in a thrifty fashion. People can come together and order oil in bulk amounts for several homes. Generally speaking, the more oil you order, the lower the price per litre will be. There are other benefits, though there are also some common problems, which you should be aware of. Listed below is the key information regarding Oil Buying Gro… Read more