Tag: heating oil
Column: Distillate fuel oil market set to tighten in 2018
Most distillate fuel oil used for high-powered engines By John Kemp LONDON, Nov 17 – US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018. Even if the northern hemisphere winter is only averagely cold, the distillate […]
US heating costs likely to be higher this winter
Heating oil use much more common in Northeast regions Most U.S. households can expect higher heating expenditures this winter (October through March) than the last two winters according to EIA’s Winter Fuels Outlook. Higher expected winter heating expenditures are the result of both more heating demand because of relatively colder weather and, to a lesser extent, […]
Column: US refiners struggle to keep up with demand for distillates
Distillate stocks dwindle despite near-record run rates by US refiners By John Kemp LONDON, Oct 5 (Reuters) – US refiners are struggling to meet the strong demand for heating oil and other distillates despite operations returning to near normal after Hurricane Harvey. Stocks of distillate fuel oil fell by another 2.6 million barrels to 135 […]
US distillate demand set to rise in 2017 – Kemp
Distillate stocks remained moderate despite the unusually warm start to the winter By John Kemp LONDON (Reuters) – US refiners are likely to see stronger demand for middle distillates such as heating oil and diesel in 2017 after two years of declining domestic consumption. Distillate consumption is forecast to increase by 60,000 barrels per day […]
Residential heating oil, propane prices at levels similar to last winter’s low prices
Unlike retail natural gas and electricity, retail heating oil and propane is sold by independent dealers Residential heating oil and propane prices have started the winter heating season at levels similar to last winter’s levels, while inventories of both fuels are near or above five-year highs for this time of year, according to the US Energy Information […]
Hedge funds cut bullish bets on US winter fuels as weather stays warm: Kemp
Abnormally warm start to the heating season has forced traders to reassess the probabilities By John Kemp LONDON (Reuters) – Hedge funds have tempered their earlier bullishness towards US natural gas and heating oil as unusually warm weather has persisted nearer to the heart of the winter heating season. Hedge funds and other money managers […]
Winter heating bills likely to increase, but still remain below recent winters
Most US households can expect higher heating expenditures this winter (Oct. through March) compared to last winter, according to EIA’s Winter Fuels Outlook. Winter heating expenditures for most fuels were especially low last winter, when energy prices were relatively low and warm weather reduced heating demand to the lowest level nationally in at least 25 […]
Colder 2016-17 winter will boost US heating oil and natural gas demand: Kemp
National Weather Service is predicting coldest temps in Midwest, Northeast which rely most on heating oil and natural gas By John Kemp LONDON (Reuters) – The U.S. summer driving season ends with Labor Day on Sep 5, and the attention of the energy markets is already switching to the forthcoming winter heating season. The winter of 2015/16 […]
Opinion: La Nina set to boost U.S. winter heating oil demand
2016-17 La Nina expected to cause colder winter in northern US By John Kemp LONDON, July 29 (Reuters) – Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year. Stocks of distillate fuel oil are higher than normal but […]
Strong El Niño helps reduce US winter heating demand and fuel prices
As El Niño event dissipates and demand increases, refinery heating oil prices forecast to increase 18 per cent by next winter Above-normal temperatures during the 2015-16 winter were a key factor in lowering heating demand and winter fuel expenditures. Compared with the 2014-15 winter, propane and heating oil demand decreased by 16 per cent and 45 per cent, respectively, and […]
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