Heating Oil Prices | All the latest information on heating oil prices

Welcome all Oil Users
Whether you just want todays price or need to do some in depth research we have what you need!

As you can see from the graph above heating oil prices are extremely volatile and are expected to become increasingly so. Dont worry though we are here to help get you the best prices possible, no guarantees but we will offer as much advice and information as possible so that you can make a truly informed decision about when, how much and from who to buy.

National Prices

We collect prices from suppliers across the UK and then convert this data in an easy to view graph of heating oil prices. We all want to save money on heating bills and that is what this site is designed to help with.

We are making as much price information relating to home heating available to you as possible. If you click on the map to the right it will take you through steps showing national, regional and then local prices.

We are putting every effort to make this site as useful as possible so please look around and let us know what you think and any ideas you may have.

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Events

GB Oils/DCC avoid referral to Competition Commission over Brogan acquisition
Aug 19th, 2010

OilFiredUp reported last week that the OFT has accepted the undertakings offered by GB Oils Limited to address the competition concerns arising from its completed acquisition of Brogan Holdings Limited. As a result, the merger will not be referred to the ... click here to read more

Chris


Have You Filled Up Your Tank Yet?
9/8/2010

Everyone has their own opinions on how to make the best savings on their heating oil bills, ideas range from energy saving to buying groups. Most work if done correctly, but one tip that seems to come up every year is filling up your tank before the end of Summer.

While many people are likely to still be thinking about summer holidays or days away at the beach filling up your oil tank is something you should definitely consider.

For every pence that the price of heating oil rises to fill a 2000 litre tank it will cost an additional £20. So consider if the price were to rise 5 pence which from last year is more than likely you would be paying an additional £100 on your heating bill.

So why not visit a heating oil comparison site to compare suppliers and put that order in before the prices start to rise.

Paul

Lloyds of London Add To Peak Oil Debate
13/7/2010

Llyods of London have released a white paper warning of a potential energy crunch and the possible risks for those who are unprepared for it. The paper describes how an increasing demand, environmental and technological constraints could create peak oil conditions well before the amount of obtainable oil actually peaks.

Lloyds is not the first nor the last to add to this well discussed area. While Lloyds add to the views on the subject it seems that predictions are limited in use. This is highlighted by one chart in the Lloyds report showing some groups predicting $200 a barrel prices by 2016 and others $100 by 2020. It seems that analysts will make predictions but to find out with any certainty we are just going to have to wait and see what happens.

For anyone using petroleum products such as heating oil it is going to be important to shop around to make sure the price you pay is fair. Heating oil comparison website WhichOilSupplier makes this easy for you by offering comparisons of supplier prices and service throughout the UK.

Paul

DCC Divestment
5/7/2010

DCC Plc's subsidiary GB Oils has avoided its acquisition of Brogan Holdings being referred to the competition. Part of Brogan Holdings is to be sold off to Highland Fuels to address any potential competition concerns that could have been created as a result of the acquisition.

Paul


Oil Prices Update
9/6/2010

Since my last post oil prices have steadily risen and are currently trading at just over $76.50 per barrel. The main reason for this rise is that there are indications within the market that Europe might be more stable than most traders had believed.

BP Update: BP’s chief executive Tony Hayward took a grilling by US Congressmen yesterday when he was questioned for seven hours about the oil spill. Mr Hayward was accussed of stonewalling the meeting by giving answers that were vague and avoided answering the question.

Earlier in the week BP agreed to setup a $20 billion dollar fund to ensure that all those who have lost due to this accident are fairly compensated. However there are some who suggest that BP’s liability could extend up to £63 billion!

Fears that this could close the company have been reduced as these payments would be spread out over sometime allowing BP to recover and pay this huge sum.

Paul

Oil Prices Update
9/6/2010

Over the past few days there have been steady increases in the price of crude oil, currently it stands at just under $73 a barrel.

These rises are due to hopes of rising demand in the Asia markets and the news that the US stock of oil has falled 4.5 millions barrels last week. This was more than four times the expected amount which resulted in the price of oil increasing.

Paul

BP Oil Spill Now Into Its 35th Day!
26/5/2010

You would of been forgiven if you thought that the BP oil spill, which started back on 20th April, had been resolved and clean up was under way. With the economic crisis in Europe and new UK coalition parliament it seems that the oil slick in the Gulf of Mexico has had its two minutes of fame.

Despite this lack of recent press attention around Europe, it is still a major problem. BP are coming under intense pressure as previous attempts to stop the spill have failed. The latest plan called a 'top kill' is to inject heavy drilling fluids into the well to seal the leak.

Although this oil spill is likely to become the worst environmental disaster in US history it is the problems on this side of the Atlantic which are influencing the price of oil. Most economists suggest that the UK the markets will stay undecided until the emergency budget is set out in June.

In the meantime oil prices are falling so why not see the latest price in your area, click here to find out.

Paul


Crude oil now under $70 as oil prices crash
20/5/2010

Crude oil has fallen below the $70 mark. It is due to the Euro and British Pound being crushed as a result of the EU debt crisis that is affecting Greece and possibly spreading to Portugal and Spain.

Paul

Has Asda Started A Petrol Price War?
20/5/2010

Asda has caused widespread joy amongst motorists in the UK by slashing its fuel price last night by 2p. This has been matched by its competitors such as Shell, Tesco and Morrisons. With others such as Sainsbury's indicating it will also match the cut. Diesel has also been reduced but only by 1 pence per litre.

Perhaps this is the start of constant altering of petrol prices as companies seek to gain an advantage over rivals. Well, lets hope so as it would mean that prices would continue to fall and give us all some relief in the wallet and purse department, for a short while at least.

This fall is due to an easing on world oil prices. This effect has also been making the price of heating oil fall which has dropped just over 2 pence per litre over the past week. Visit heating oil comparisons site Which Oil Supplier Ltd to find out todays prices.

Paul

Prices falling
10/5/2010

On Wednesday crude oil dropped to just over $80, yesterday it dropped to just under $80 and today it stands at $77.42 a barrel. Over recent weeks the BP oil slickbeen making most of the headlines. However it is the Greece crisis and strengthening dollar that are impacting the price of crude oil significantly at the moment.

The Greece crisis revolves around the large debts they have created. This has meant they have had to take a 110 billion Euro bailout from EU members and the IMF. This is pushing oil prices down because markets are concerned that the downturn in Greece could threaten the economic recovery in the Euro zone and thus reduce demand for oil in the future.

The strengthening US dollar is putting downward pressure on crude oil as the purchase of crude oil in other currencies is becoming increasingly expensive. Thus to keep up the demand for oil there is downward pressure on the price to keep the price affordable.

While there is current downward pressure on crude oil some analysts are suggesting that the BP oil spill could push prices higher as the supply of oil becomes restricted. There are some who would suggest that the oil spill cause crude oil to go back to the $100 per barrel mark. However international oil giant Shell says the BP oil spill will have limited impact on both price and supply.

These two incidents highlight how fragile and volatile the oil market is.

Paul

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