November 2004

Trends and Resources

HP Impact: HPImpact: Product variables could 'chill' US heating oil season

Refinery capacity restraints, European regulatory issues, high demand for diesel and gasoline, and Old Man Winter could have a "chilling" impact on supply. So says an ICF Consulting report that cautio..

Refinery capacity restraints, European regulatory issues, high demand for diesel and gasoline, and Old Man Winter could have a "chilling" impact on supply. So says an ICF Consulting report that cautions industry and consumers to prepare for a winter with a greater than normal degree of volatility on heating oil supplies. While the outlook indicates that the expected normal winter weather pattern can be managed, the risks of significant volatility are unusually high. Crude oil prices have increased by more than 40% in the past year, leaving energy consumers to deal with the impact of higher prices on all hydrocarbon products, including heating oil. Heating oil spot market price

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