Archive for the ‘Oil’ Category

Oil Price Up

imageUpdate for Bradbourne & Parwich Heating Oil Club

Brent oil passes $73 a barrel amid Middle Eastern tensions and concerns of supply. This, along with the decline in the value of the Pound (GBP) against the Dollar (USD), has pushed the price of kerosene up over the last few days.

Rate:  £0.4850 (pence per litre excluding vat [5% for Domestic use])

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Oil Price Steady

imageUpdate for Bradbourne & Parwich Heating Oil Club

Despite the geopolitical issues with US/China, Iran, Libya and Venezuela, the price of Brent crude has held steady at around $71 a barrel. Kerosene rates have therefore been stable over the last few weeks.

Rate:  £0.4703 (pence per litre excluding vat [5% for Domestic use])

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Oil Price Down Slightly

imageUpdate for Bradbourne & Parwich Heating Oil Club

Brent oil prices ease slightly to $71.50 today as U.S. inventories increased by more than anticipated, offering evidence that the oil market is not as tight as expected. As a result we have only seen a small fall in kerosene rates this week.

TIP :Have you checked your tank level recently? It is a good idea to make a visual inspection just to confirm your gauge is working correctly. At the same time you can check the condition of tank for any sags and cracks.

Rate:  £0.4690 (pence per litre excluding vat [5% for Domestic use])

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Oil Price Steady

imageUpdate for Bradbourne & Parwich Heating Oil Club

Brent oil prices hit fresh highs for 2019, passing $74.50 a barrel in response to tougher US sanctions against Iran, before falling back to $72 today. With the May Day bank holiday coming up, please ensure you have ordered early and allow plenty of time for your delivery.

TIP : Upgrade your fuel to premium fuel with an Exocet additive. Exocet additives lower carbon emissions, stabilise fuel, inhibit sludge formation in the tank, and improve overall fuel performance. Additives can be purchased from the club shop. If you have an AGA, then please ensure you order the Cooker additive.

Rate:  £0.4790 (pence per litre excluding vat [5% for Domestic use])

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Oil Price Up

imageUpdate for Bradbourne & Parwich Heating Oil Club

Steady but strong demand in the US and China, along with issues in Libya and Venezuela, holds Brent crude above $72 a barrel this week. With the Easter break and the May Day bank holiday, please ensure you have ordered early and allow plenty of time for your delivery.

TIP : Have you checked your tank level recently? It is a good idea to make visual inspection just to confirm your meter is working correctly. At the same time you can check the condition of tank for any sags and cracks.

Rate:  £0.4799 (pence per litre excluding vat [5% for Domestic use])

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Oil Price Rising?

imageUpdate for Bradbourne & Parwich Heating Oil Club

Due to the Easter break, it is possible that your order will be delivered after Easter, so please allow plenty of time for delivery. Brent Crude passes $72 a barrel today on reports Saudi Arabias crude oil production slumped to the lowest in two years as the Kingdom doubled down on efforts to boost prices.

TIP : If you are running low and need an emergency delivery before Easter, we have the KeroBox (5 x 20L boxes =100L) in the club shop and if ordered before 11.30am will be delivered the following day by Courier. For more information please visit the club shop.

Rate:  £0.4615 (pence per litre excluding vat [5% for Domestic use])

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Oil Price Holding

imageUpdate for Bradbourne & Parwich Heating Oil Club

Brent Crude continues to climb passing $70 a barrel today on reports of US shale production slowdown. Delivery times 5 to 10 working days. However, as per last week, suppliers are keen to hold Kerosene rates as low as possible for club members.

TIP : Over time water builds up at the bottom for the tank through condensation. To prevent water causing an issue, I recommend using a water scavenger which will absorb contaminated water in the tank. Its simple to use, just fix the cord to the tank and drop in the scavenger. For more information please visit the club shop.

Rate:  £0.4600 (pence per litre excluding vat [5% for Domestic use])

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