In our last blog post regarding the Organisation of the Petroleum Exporting Countries, OPEC, we covered the outcome of their Nov 30th 2016 meeting: a global cut in crude oil production of 1.8 million barrels per day in an effort to increase prices.
Initial Success; What’s Changed?
Initially both crude and heating oil prices saw a dramatic increase.… Read More
Following on from our July-September review, we’re looking back at 2016 to understand what happened to heating oil prices, while looking ahead to try understand what impact this may have in 2017 for the 1.6 million oil households in the UK.
Quarterly Heating Oil Price Comparison
The final quarter of 2016 showed no signs of bucking the trend of continued rising prices, and it’s no surprise considering that January 2016 saw the lowest ever heating oil price as recorded by BoilerJuice.… Read More
The recent OPEC deal to cut global crude supply has been well publicised by now. In our previous post ahead of the 30 Nov OPEC meeting we outlined the possible outcomes, and predicted what impact each outcome would have. Now the dust has settled, how has it really affected the every day heating oil user?… Read More
With recent heavy rainfall across the country you may find that water has found its way into your tank. Water may cause problems in your boiler, or even freeze over the coming winter months, potentially leading to a blockage in your pipes. To prevent these problems you’ll need to deal with it quickly.… Read More
With winter just around the corner, and heating switched back on – there’s a greater chance that you could be impacted by one of the most common boiler problems: ‘Lockout’.
What is ‘boiler lockout’?
When a boiler has a fault, the system has a mechanism to automatically lock-down to prevent further damage.… Read More
1.5 million UK households impacted after 16% price increase in October
UK heating oil prices rose 16%, from an average of 34.40PPL (incl. VAT) in September to 39.90PPL (incl. VAT) in October. This represents the steepest monthly heating oil increase since the winter of 2010, making it the third biggest price hike on record.… Read More
July – September prices at their cheapest since 2007
To follow up on our previous post, where we investigated seasonal heating oil price trends to uncover trends for the best time to buy, we now focus on July-September to provide context to heating oil prices today, and where we can expect them to head in the near future.… Read More
You may have noticed already, but heating oil costs have been rising recently. In fact, since the 1st October prices have risen over 13% (as of 13/10/16). With this in mind, you may be weighing up whether or not you should turn on your heating now, or hold out until November when days get really cold.… Read More
Friday 30th September 2016 was the World’s Biggest Coffee Morning. Organised by Macmillan Cancer Support, it’s a way for the nation to get behind the cause with this fundraising event.
The 2015 Coffee Morning event broke fundraising records, raising more than £27 million from over 226,000 people taking part. That means that over £138 million has been raised since the first official Coffee Morning in 1990.… Read More
This is a question on the minds of many UK households. Heating oil, like so many other energy products, is a highly valuable commodity. Here, we investigate what households can do to prevent heating oil theft.
How much oil theft is there?
Despite the rate of rural crime increasing from 2014 to 2015, the cost of thefts from rural homes has decreased slightly in 2015, down to £6.2m from £7.1m in 2014.… Read More