04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
Heating Oil Attempts to Bottom as Central Banks Provide Liquidity
Heating Oil prices edged higher on Wednesday morning, and are attempting to form a bottom after plunging nearly 50% in the past 6-months. Although production continues to offset solid demand, recent and future central bank activity could help buoy heating oil prices.
Production remains robust and despite a decline in drilling activity in the US during the past week the decline was offset…