Heating Oil News
Supply shock from North American oil rippling through global markets IEA’s Medium-Term Oil Market Report sees companies overhauling global investment strategies; meanwhile, surge in non-OECD refining capacity shakes up product market ... more | |
Shaheen, Collins Introduce Bipartisan Oilheat Program Reauthorization "Legislation would renew NORA oilheat industry efficiency, research and job training programs " ... more | |
Partnership programs extend NBB’s reach, amplify its voice NBB’s partnership programs connect various organizations and individuals who share a common interest in and support for America’s advanced biofuel, biodiesel. These networks of advocates support biodiesel and use their diverse backgrounds and expertise to raise the level of biodiesel understanding and awareness in their communities and nationally. ... more | |
Support urged for oil heat licensing In a letter to the editor: Senate Bill 189, now in their committee, requires mandatory licensing to work on oil heat equipment. Their committee’s “yes” vote will be one more step toward a full vote by the House. ... more | |
The White House's "all of the above" energy strategy goes global As President Obama’s national security adviser Tom Donilon speaks Wednesday at the launch of Columbia University’s Center on Global Energy Policy, we thought it would be worth highlighting some of his speech’s key points. ... more | |
Ultra-Low Sulfur Diesel Futures Contract Replaces Heating Oil CME Group Inc. (CME)’s heating oil contract on the New York Mercantile Exchange has been renamed ultra-low-sulfur-diesel futures after the April contract, the last to reflect higher-sulfur fuel, expired March 28. ... more | |
Heating Oil Dealers Rally Against New Tax For Efficiency Programs Heating oil dealers rallied at a public hearing Tuesday at the Legislative Office Building in Hartford against a tax proposed to fund some of the state's efficiency projects. ... more | |
Legislators take up pre-buy heating oil contracts State legislators have put forth identical proposals in the House and Senate that would require heating fuel dealers to make financial arrangements to protect consumers who enter pre-buy contracts. But legislators are still hashing out the details about how oil companies would be held accountable by the state. ... more | |
Vt. wants more home weatherization Under the 2013 "Home Energy Challenge," led by Efficiency Vermont and the Vermont Energy and Climate Action Network, at least 75 participating towns are encouraging 3 percent of their residents to weatherize their homes. ... more | |
Vt. lawmakers fuel controversy with proposed tax on heat As the bitter winter continues on, Vermonters continue to crank up the heat. The Committee on Natural Resources and Energy is proposing a bill to help low-income families keep that heat inside. ... more | |
President Obama calls for climate action in address to the nation President Barack Obama in his State of the Union address Tuesday called on Washington to pursue bipartisan solutions for climate change to protect future generations. ... more | |
N.H. bills change fuel contract protections New Hampshire's House and Senate are considering identical bills to expand protections for consumers who enter into pre-paid fuel agreements for home heating oil, kerosene or liquefied petroleum. ... more | |
Bill advances to increase fee for fuel tank cleanup fund with heating oil tax The House voted 186-165 Wednesday to give preliminary approval to a bill that adds a quarter of a penny per gallon of heating oil to a fee used to fund fuel oil tank cleanups and replacements. ... more | |
Obama’s Choice to Lead Interior Dept. Has Oil Sector and Conservation Credentials President Obama on Wednesday nominated Sally Jewell, the chief executive of Recreational Equipment Inc., to lead the Interior Department, with a vow that she will balance the agency’s sometimes conflicting mandates to promote resource development and preserve the nation’s natural heritage. ... more | |
Court rejects EPA biofuel mandate A federal appeals court in Washington on Friday canceled a mandate from the Environmental Protection Agency that required refiners to buy cellulosic biofuels as a way of supporting the nascent alternative fuel industry. ... more | |
Oil Heat Gets Green With Bioheat® Fuel; Reduces Carbon Footprint and Saves Nearly 100 Million Gallons of Petroleum Annually Northeast residents can reduce their carbon footprint this winter and potentially save nearly 100 million gallons of petroleum by using a new biodiesel, natural resource heating oil, Bioheat® Fuel. Taking the lead in the move to more sustainable oil heating is the nation's largest municipal user of biodiesel, New York City. ... more | |
Fiscal bill gives biofuel maker an extra spark A two-year tax incentive for producers means the Portland company can add jobs and a truck for collecting fry oil as it works to meet demand for biodiesel. ... more | |
New television campaign shows the 'cool' side of Bioheat Heating oil consumers in the Northeast are learning how making a small change will support American jobs, domestic energy security and cleaner air. It’s thanks to three television commercials airing to promote the benefits of Bioheat. ... more | |
Even higher heating bills in new forecast for winter With figures exceeding predictions made in October, the Energy Communications Council urges consumers to consider simple steps for conservation and efficiency. (Click "Press Releases" under our Media Room for 10 Tips to Save More on Heating Oil This Winter) ... more | |
EIA releases Annual Energy Outlook 2013 reference case The U.S. Energy Information Administration has published Annual Energy Outlook 2013 Early Release Overview. The document is an abridged version of the Annual Energy Outlook that highlights changes made to the Annual Energy Outlook reference case from the prior year. ... more | |
Senate passes amendment allowing biofuel refinery construction The Senate passed an amendment to the defense bill Thursday that would strike the prohibition on biofuel refinery construction. ... more | |
Look for ways to make your home energy efficient Old Man Winter is just around the corner. So, are you and your home ready for the season? ... more | |
New regs – & LNG approvals – possible in Obama’s second term President Barack Obama enters a second term in the White House free to impose tougher regulations on domestic drilling despite industry objections and with new latitude to approve natural gas exports and the controversial Keystone XL pipeline without fear of alienating environmentalists he needs at the ballot box. ... more | |
US Releases Heating Oil Reserves for First Time Ever The Energy Department will release fuel from the northeast heating oil reserve to help in the Hurricane Sandy recovery efforts. ... more | |
US may soon become world’s top oil producer U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. ... more | |
Soy-Based Home Heating Takes Hold in NYC Bioheat blend incorporates 2% biodiesel into traditional home heating oil. ... more | |
Space heater safety tips It's starting to get colder at night and people are turning on heaters for the first time in a while. Some heaters however, are more dangerous than others and can lead to very serious fires. ... more | |
US Releases Estimate of Utica Shale Reserves Drilling companies beginning to explore the Utica Shale got a piece of good news Friday when the U.S. Geological Survey estimated the rock formation in Ohio, Pennsylvania and other states holds enormous reserves of natural gas and oil. ... more | |
Citgo's proposed biofuel storage tank continued until November Construction of fuel company Citgo's proposed biodiesel storage tank will not begin yet, after members of the Planning Board voted to continue the request until November. ... more | |
Oil prices fall after US says oil supplies rose last week; average gas price now at $3.86 The price of oil is falling after the government said U.S. supplies of oil rose last week. Benchmark oil fell 11 cents Wednesday to $97.06 per barrel in New York. ... more | |
House Committee Approves Heating Oil Funding The House Appropriations Committee on Tuesday agreed to include funding to help families with heating cots as part of a spending measure that will be considered later this week to allow the government to keep running until the end of the year. ... more | |
This year's heating oil prices uncertain From the cost of gas to the cost of oil, as the summer travel season comes to an end, many are now looking ahead to the winter. ... more | |
Heating Oil Falls as Gulf Coast Plants Start After Isaac Heating oil fell as Gulf Coast refineries started up after Hurricane Isaac last week knocked out 13 percent of the region’s fuel-making capacity. ... more | |
U.S. faces stiff opposition to emergency oil release plans President Barack Obama faced stiff resistance to the possibility of releasing emergency oil reserves to quell rising energy prices on Friday, with Asian allies and the head of the West's energy agency rejecting any need for action now. ... more | |
Flawed testing stymies utility energy-efficiency efforts Widely-used tests to evaluate energy-efficiency programs are not being conducted correctly and, as a result, energy-efficiency programs that offer significant benefits to homeowners, the environment, and society are not being created, according to research from the National Association of Regulatory Commissioners (NARUC). ... more | |
The Hunt to Unlock Oil Sands In Canada, Radiowaves and Heating Coils Are Among Efforts Used to Extract Sticky Petroleum From Rock. ... more | |
Heating Oil Advances on Speculation Bernanke to Hint at Stimulus Heating oil advanced to a six-week high on speculation that Federal Reserve Chairman Ben S. Bernanke will hint at more measures to stimulate the U.S. economy when he testifies before Congress today. ... more | |
Housing, Domestic Oil May Boost U.S. Growth, Pimco Says The U.S. economy is poised to grow for the next three to five years amid improvement in the housing market and reduced reliance on imported energy, according to Pacific Investment Management Co. ... more | |
Administration Announces Investments to Advance Biofuels Industry As part of the Obama administration’s commitment to deploying every available source of American energy and reducing our reliance on imported oil, U.S. Secretary of the Navy Ray Mabus, Secretary of Agriculture Tom Vilsack and Secretary of Energy Steven Chu announced new funding available to pursue new innovations in biofuels technologies, increase production of U.S. biofuels, and strengthen American energy security. ... more | |
Switch to cleaner fuel oils gets $100M lift The city announced Wednesday that more than $100 million in financing will be available to property owners to help them convert from using heavy heating oils to cleaner fuels. ... more | |
Bioheat Event Signals Change in Oilheat Industry In May, Bioheat® made a big impression on oilheat dealers attending one of the largest energy events in the Northeast. ... more | |
At little or no extra cost, cleaner home heating oil awaits A lower-sulfur, cleaner-burning home heating oil flows into the New York state market in July amid expectations of minimal, if any, price increases from the heating industry. ... more | |
The High Cost of Gambling on Oil - NYT OP-ED by Joe P. Kennedy II THE drastic rise in the price of oil and gasoline is in part the result of forces beyond our control: as high-growth countries like China and India increase the demand for petroleum, the price will go up. ... more | |
Landowners Plan to Frack Using Liquid Propane An upstate New York landowners group may partner with a Canadian company that uses liquid propane instead of controversial water-based hydraulic fracturing to get natural gas flowing into wells. ... more | |
BPI Works with NATE and NORA to Expand Accreditation Options for the HVAC Contractor In a continued effort to raise the bar in home performance contracting, the Building Performance Institute, Inc. (BPI) announces two new accreditation options for HVAC contracting companies. ... more | |
Oil Prices Strike Exacerbated By Wall Street Speculation, Federal Reserve Study Finds Two economists at the St. Louis Federal Reserve have published findings that indicate that Wall Street speculation is responsible for 15 percent of the increase in oil prices over the past decade, a finding with significant implications for the recent sharp rise in gas prices. ... more | |
Heating oil sales not so hot The owner of Whitney Brothers Oil Corp. in Clinton says it's virtually impossible things will “average out” for home heating oil dealers during this winter, which has been unusually warm. ... more | |
Take steps to reduce your energy costs The best way to determine if you are overpaying is to log onto the New York State Energy, Research and Development Authority website (www.nyserda.ny.gov/residential). They break the state into various regions (we’re part of the Lower Hudson Valley Region) and track the average cost per gallon each month. ... more | |
Why LI pays the highest gas prices The price of gasoline is spiking again, but the pain is not being shared equally. ... more | |
Natural Gas: Don't Bet on It The natural gas industry has spent tens of millions of dollars trying to convince consumers that their product is the proverbial “silver bullet” that will save them thousands of dollars in home heating costs for years to come, if only they would switch fuels. ... more | |
Petroleum representatives candidly express contempt for RFS2 A panel of petroleum trade association representatives gathered together for the National Biodiesel Conference’s opening general session on Feb. 6. ... more | |
As winter approaches, Congress cuts funds for home heating help Just days before the holiday season, the Obama administration released more than $800 million to states as part of a program to help low-income people pay their heating bills during the winter months. ... more | |
NASCSP: Omnibus Cuts Made on the Backs of Low-Income Americans The FY 2012 Omnibus Appropriations bill, filed late on December 15, 2011 by the House Rules Committee, contained a stunning 60% cut to the Weatherization Assistance Program (WAP), down to $68 million from $174.3 million in FY 2011. This is the lowest funding level since 1978, the year after the program's inception in 1977. ... more | |
Northeastern senators urge Congress not to cut low-income heating help With the winter fast approaching and Congress' current budget pact set to expire in less than two weeks, three New England senators are leading a new push to preserve federal heating grants for low-income households. ... more | |
Colonial Okays Biodiesel Pipeline Shipments in Georgia Colonial Pipeline will allow biodiesel to ship along Line 17 of its system, the first pipeline company to allow commercial biodiesel shipments via pipe. ... more | |
'Bioheat: the Evolution of Oilheat' ad campaign blankets NYC Starting Oct. 24, New York City buses and the subway system will be covered with Bioheat ads. Radio commercials are already airing on six highly rated CBS stations. ... more | |
NY Bioheat tax credit extended for five years New York Gov. Andrew Cuomo has signed legislation into law extending the state’s Refundable Clean Heating Fuel Tax Credit for five years. ... more | |
Heating oil supplies snug as winter nears, prices climb The pressure is on in the US heating oil market as physical and futures prices climb amid a tightness in supply that is being punctuated by the possible loss of some 690,000 b/d of US Atlantic Coast refining capacity. ... more | |
New England braces for cuts in heating aid With Congress expected to gut a federal home heating aid program, possibly cutting it in half, New England states are preparing to reduce benefits or the number of households receiving aid just as fall begins. ... more | |
State Aid To Focus On Oil-Heated Homes State assistance for home heating will focus on dwellings heated by oil, not by gas or electricity, the Malloy administration announced Monday. ... more | |
Maine DEP launches home heating oil tank health awareness campaign The Maine Department of Environmental Protection is warning Mainers of the dangers of deteriorating oil tanks in a television awareness campaign airing this week. ... more | |
CFTC to Move on New Commodity Rules Heating oil dealers are praising a decision by federal regulators to move forward on new rules designed to tackle rampant speculation in oil markets. ... more | |
Biodiesel industry producing record volumes, fueling job creation U.S. biodiesel production reached a new monthly high of 81 million gallons in June, according to the latest EPA statistics, marking a third consecutive month of record volumes and continuing a remarkable turnaround in which biodiesel production in the first half of 2011 has already eclipsed production for all of 2010. ... more | |
NYMEX to End Heating Oil Contract The New York Mercantile Exchange is to discontinue its heating oil futures contract in 2013. It will be replaced by an ultra low-sulfur diesel contract in response to changing environmental regulations in New York state. ... more | |
Energy in America: New Liquid Fuel Faster, More Efficient -- and Greener, Too With a little help from genetic engineering, researchers at one Massachusetts company say they've created an organism that takes sunlight, water and carbon dioxide and creates liquid fuel. ... more | |
Biodiesel industry to run national ads The biodiesel industry is launching its first nationwide ad campaign, the centerpiece of which will be a 30-second TV ad that will run in the morning time slot. ... more | |
NORA Reauthorization Bill Introduced New bipartisan legislation to renew the National Oilheat Research Alliance (NORA) has been introduced in the United States Congress. ... more | |
New Device Could Reduce Home Heating Oil Consumption A new electronic device promises to reduce heating oil consumption by up to 15 percent by accurately monitoring energy use and environmentally damaging carbon emissions ... more | |
New Jersey Saves On Heating Oil With A Simple Energy Audit Conserving energy in the New Jersey is becoming more important than ever for commercial and residential heating oil consumers. Recently new and more precise techniques have appeared that make it easier to achieve energy efficiency and save serious money, too. One of them is a home energy audit, fast becoming the answer to cost-effective home heating oil solutions in households through New Jersey and the country. ... more | |
Patrick Leahy: Sean Cota Should Sit On The Commodity Futures Trading Commission Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation of the derivatives trade, to an open seat on the powerful Commodity Futures Trading Commission. ... more | |
HeatingOil.com Video: Turning Cooking Oil Into Green Heating Fuel HeatingOil.com decided to document exactly how biodiesel feed stock (in the case of this video, used cooking oil) is collected, processed, purified, mixed with traditional heating oil, and finally delivered to the home of a heating oil user. What resulted is the video, which shows one of many biodiesel supply chains in the country. ... more | |
Veteran Oil Trader: Big-Money Speculation the Main Cause of Oil Price Volatility As the CFTC struggles to gain its footing on the path to regulating oil speculation and hopefully tamping down price volatility and manipulation, the debate over the true cause of volatility continues. ... more | |
Why is home heating oil so expensive? Analysts said investors called "speculators" are driving up the price of home heating oil. ... more | |
ABC6 & Petro Oil Launch Operation Warm Home As a dangerous arctic wave settles over New England, WLNE-TV / ABC6 and Petro oil are combining resources to come to the aid of Southern New Englanders who are unable to heat their homes. ... more | |
Heating oil speculation leaves many in the cold Like the price of gasoline, home heating oil prices are at their highest level since late 2008. In part, that's due to an increase in demand throughout the frigid Northeast. But some say there's an even bigger factor: Speculation. ... more | |
Major changes proposed in Vermont tax policy After 18 months of research, hearings and deliberations, the Legislature’s Blue Ribbon Tax Structure Commission recommended Thursday simplifying several taxes, broadening the state’s tax base and reducing rates to increase the state’s economic competitiveness. ... more | |
NJ Rebates for Energy-Efficient Heating Oil Equipment Extended Through June New Jersey’s Clean Energy Program will extend its WARMAdvantage program through the end of June 2011, continuing to offer rebates to residents who purchase efficient heating equipment. ... more | |
Local program fills fuel assistance gap Last year Congress granted the Green Mountain State 25 Million dollars for heating assistance. This year, the state received 14 million dollars, while also raising the income level allowed to receive this assistance. Now a new local program is aiming to help fill the gap. ... more | |
Heating system service 'can help with efficiency' Remembering to tune a heating oil system before the winter properly sets in can help to limit the size of bills during the colder months. ... more | |
No Big Surprise: Speculation Continues to Drive Up Heating Oil Prices The Eagle-Tribune of North Andover, MA revisited the issue of speculators driving up heating oil prices on Monday, reminding heating oil users that sudden price increases are (usually) not the fault of dealers. ... more | |
Speculators fuel home heating oil price spike There's no need wasting energy blaming your local heating oil companies for the cost of keeping your home warm this winter. It's not their fault. Instead, direct your anger toward the hedge fund managers and energy speculators sitting in offices in New York City as they bet on the future price of crude oil coming off ships from overseas, mostly the Middle East. ... more | |
Energy Department Predicts Higher Home Heating Costs The cost of heating your home this winter may rise significantly because of higher fuel costs and colder temperatures than last winter, according to the annual outlook issued by the Department of Energy. ... more | |
4 ways to cut winter energy bills These four home products can let you burn less cash when temperatures crash ... more | |
State bill would reduce sulfur in heating oil By adopting the Clean Heat Initiative Bill for Pennsylvania, the state maximum standard for the sulfur content of home heating oil sold after July 2012 would be reduced from 5,000 or 2,500 parts per million (depending on the area of the state) to 15 ppm. ... more | |
Heating Oil Dealers Enter Growing Energy Efficiency Sector The energy efficiency industry is fast becoming big business, thanks to a perfect storm of cultural, political, and economic factors. As Americans have become more aware of environmental issues like global warming, they have become more interested in using less energy and reducing their carbon footprint. ... more | |
How to Prepare Your Heating Oil System for a Hurricane The Northeast coast is home to many heating oil users, and to help them prepare for Hurricane Earl’s arrival, the Energy Communications Council (which is funded by the National Oilheat Research Alliance) issued a press release offering tips on how to prepare and check up on oil-fired heating systems before and after flooding. ... more | |
New Jersey Joins Low-Sulfur Heating Oil Club New Jersey enacted low-sulfur heating oil mandates on Tuesday, becoming the fourth Northeastern state to require cleaner-burning heating oil. ... more | |
Biodiesel support remains strong despite Massachusetts' suspension While Massachusetts suspended its biodiesel mandate in late June, support for biodiesel-blended fuels in the Northeast remains strong. ... more | |
Bloomberg signs biodiesel bill New York City Mayor Michael Bloomberg has officially made the Big Apple and biodiesel-blended heating oil synonymous ... more | |
As summer heats up, heating oil prices cool down While oil prices might be the furthest thing from consumer’s minds during the height of the summer, it can be an opportune time to take advantage of deals and decide on pricing options for the future. ... more | |
Gennaro makes city cleaner and greener City Councilman James Gennaro (D-Fresh Meadows) has authored a bill, Intro 194-A, that will replace 20 million gallons of petroleum annually with an equal amount of renewable, sustainable and domestically produced biodiesel, thereby reducing air pollution and improving quality of life throughout the city. ... more | |
Mass. Program to Upgrade Heating Oil Systems for Low-Income Homeowners Five hundred homes in Massachusetts could get new, high-efficiency heating equipment through a new program aimed at heating oil users with low or moderate incomes. ... more | |
New York Mandates Cleaner Heating Oil It’s official: New York State is drastically reducing sulfur in home heating oil. ... more | |
Change in heating oil will protect health In the case of legislation requiring the use of ultra low-sulfur heating oil, this bill is a win-win for all New Yorkers. It will protect public health and shield consumers from higher home heating bills. Sen. Darrel Aubertine deserves praise for protecting the health and wealth of his north country constituents. ... more | |
New York State Senate Passes Low-Sulfur Heating Oil Bill New York’s State Senate put New York on the path to join its Northeastern neighbors Maine and Connecticut in mandating low-sulfur heating oil. ... more | |
CT Governor Signs Low Sulfur and Biodiesel Heating Oil Mandates into Law Connecticut Governor Jodi Rell recently signed a bill that will put her state at the forefront of the heating oil’s transition into a cleaner and greener fuel. ... more | |
White House Honors 6th Graders for Major 'Bioheat' Achievement In Westerly, R.I., a small group of motivated middle school students concerned about greenhouse gas emissions from fossil fuels has launched what they tout as "Project T.G.I.F.: Turning Grease Into Fuel." Their monumental effort to collect waste cooking oil, refine it into biofuel and distribute it to charities in their hometown as a heating source merited recognition from the White House. ... more | |
CT Legislature Approves Energy Bills that Include Heating Oil Low-Sulfur and Biodiesel Mandates, Incentives for Efficient Equipment On Wednesday night, proponents of the bill scored a major victory when the Connecticut State House passed the bill by a vote of 146-1 following its unanimous passage by the Senate on Monday. The bill is now awaiting the approval of Governor Jodi Rell. ... more | |
Low-Sulfur Heating Oil Becomes the Law in Maine On Monday, Gov. John Baldacci signed into law a bill that would lower the sulfur content of home heating oil in Maine ... more | |
Heating oil bids please Ridgefield officials The bids are in, and town and school officials are gloating at prices they’ll be paying for heating oil next year. ... more | |
Demand for Oil Set to Rise Anew As much of the world emerges from recession and as geopolitics and threats to energy supplies return to the fore, oil consumption is expected to rebound again, driven mostly by Asia and the Middle East. ... more | |
Essential Tips on Winter Energy Conservation It's not too late for consumers to save on winter heating costs by tuning up their heating oil systems and taking other simple, practical steps to conserve energy. ... more | |
The Trust About Heating Oil - Response to ''We The Six Billion'' The full truth about heating oil in Maine and other states today was conspicuously abesnt from Joe Steinberger's Nov. 19, 2009 installment of We The Six Billion, "The Ammonia Economy." ... more | |
