
Update for Bradbourne & Parwich Heating Oil Club
OPEC+ have reached a deal this week to increase supply to the market from August onwards in a bid to cool off oil prices which had reached 2 1/2 year highs. This has removed some uncertainty from the market and subsequently caused Brent Crude prices to dip this week just over $73 a barrel, however Goldman Sachs have voiced their expectations that Brent Crude could reach $80 a barrel later this summer.
TIP: Remove unwanted water from your tank – Over time condensation causes water to build up at the bottom of your tank (especially after warmer weather), and if stirred up into the oil when new fuel is added the water can be sucked through your fuel line into your system and cause issues.
To combat this, we recommend using water scavengers every 3 months or so to absorb and remove any water sat in your tank. You can find a range Water Scavengers and the Water Test Kit in our Club Store in the members area.
Rate: £0.4184 (pence per litre excluding vat [5% for Domestic use])
For full details (more…)

