News: The latest heating oil news from around the UK and the world.
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Transact, The national forum for financial inclusion Interview with The Oil Club 17/05/2012
Transact,__The_national_forum_for_financial_inclusion_Interview_with_The_Oil_Club
When we talk about issues around poverty and financial exclusion we often overlook the issue of rural consumers who have to buy oil to heat their homes. This group of consumers is often particularly vulnerable to high prices as they have to buy in bulk which can be a financial strain and during winter months when the weather is cold and demand for oil is high prices do tend to shoot up.

However there are things people can do to try to lower the cost and one such way is to join an &lsquo .... [ Read the full article ]
Crude Oil price lowest since December amid economic concerns 16/05/2012
Crude_Oil_price_lowest_since_December_amid_economic_concerns
The price of crude oil dropped to a six-month low Tuesday on renewed concern that Greece would be forced to leave the European common currency and trigger shockwaves across Europe.

Prices have been falling for most of the past two weeks as Western economies appeared to slow, likely reducing their demand for petroleum fuels, while crude production rose in Saudi Arabia and other oil-rich countries. In Greece, party leaders have failed to form a government after voters ousted numerous l .... [ Read the full article ]
Domestic oil users urged to club together to achieve big savings 20/04/2012
Domestic_oil_users_urged_to_club_together_to_achieve_big_savings

Residents who use domestic oil in Cheshire West and Chester can club together to achieve significant savings.

In five years, householders have seen the price of oil rise from approximately £220 per 1,000 litres to £630 at the beginning of 2012.

With the average tank holding 1,300 litres, it means people are now paying £910 per tank, which often must be re-filled two or three times a year.

Some 2.5 million households across England, Scotland and Wales use do .... [ Read the full article ]

OFTEC Highlights 'Excellent Safety Record' Of Oil Heating 09/04/2012
OFTEC_Highlights_'Excellent_Safety_Record'_Of_Oil_Heating
A new report by the Gas Safety Trust has highlighted, what OFTEC claims is the safety of oil-fired heating and cooking systems. The Downstream Incident Data Report, which reviewed carbon monoxide (CO) poisoning incidents in Great Britain between 1st July 2010 and 30th June 2011, is the first to include comparative data from oil and solid fuel installations, as well as gas and piped LPG.
 
During the period covered by the report, there were no reported fatalities caused by CO in .... [ Read the full article ]
Unite Tanker Drivers Vote For Industrial Action 26/03/2012
Unite_Tanker_Drivers_Vote_For_Industrial_Action
Tanker drivers who are members of the Unite union have voted for industrial action, raising the prospect that thousands of fuel stations across the UK could be forced to close or ration supplies. The vote in favour of strike action comes only days after it was revealed that the Army is on standby to deliver fuel to forecourts, in a bid to stave off shortages.

Speaking in response to the announcement of industrial action by United, the Government said that strikes were "un .... [ Read the full article ]

Fuel poverty to rise to 8.5m, report warns 16/03/2012
Fuel_poverty_to_rise_to_8.5m,_report_warns
Fuel poverty in England is likely to worsen, despite measures to try to eradicate it, a government-commissioned report has warned. Some 7.8 million people could not afford their energy bills in 2009, its author, Prof John Hills said. This is due to rise to 8.5 million by 2016.

Campaigners have called for more money to be invested in cutting bills.

The government has said it is committed to tackling the problem which has been linked to 2,700 deaths a year. "Fuel poverty is a se .... [ Read the full article ]
 
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