David Blevings, NIOF said, “Oil prices are extending lower despite the continued conflict in Gaza. Prices are falling on weak economic data which is projecting weaker than normal growth and that affects overall oil demand. The milder weather has also impacted demand and we are now hearing that we could have a modest global supply/demand … Read moreOil prices falling despite Middle East Crisis…
Prices for home heating oil in Northern Ireland bumped along at a low level until the end of July 2023 when they started moving up decisively. This week 900 litres reached £700 and 500 litres reached £400. Mr Blevings, NIOF said: ‘Unfortunately we are seeing a further increase in oil prices due to Russia halting … Read moreHome Heating Prices Up
David Blevings, spokesperson for NIOF said, “Oil prices are falling on the back of milder weather, increasing supplies and concerns over the economic recovery. However, the market is well supplied, and prices have fallen back to below the level seen just before the Ukrainian war commenced. The reduction in global crude oil prices is feeding … Read moreOil prices below the pre-Ukraine invasion level good news says NIOF
David Blevings, spokesperson for NIOF said, “Oil prices are falling on the back of milder weather, increasing supplies and concerns over an economic slowdown. The market is well supplied for the first time since before the Ukrainian war commenced but there are still concerns that interest rates will increase further, and higher interest rates are … Read moreOil price drop is good news for consumers says NIOF
BEIS has announced today when the £600 payment will be made for NI consumers – see; https://www.gov.uk/guidance/getting-household-energy-bill-support-in-northern-ireland If you’re a direct debit customer, £600 will be deposited directly into your bank account between 16 January and 28 February 2023. BEIS advise, if you don’t receive the payment, please wait until after 28 February to contact … Read moreEnergy Payment Dates announced for Northern Ireland
NIOF welcomed the news today that oil customers are to receive their £200 on top of the £400 energy payment in January 2023. David Blevings said, “while the payment is welcome, the timing could have been better as most consumers’ budgeted for this cash to arrive before Christmas. We understand that the £600 credit will … Read moreEnergy customers to get £600 in January 2023
David Blevings, spokesperson for NIOF said, “We have seen unprecedented demand for home heating oil during August as prices moved lower in the early part of the month and consumers sought to replenish stocks ahead of winter. However, this demand has outstripped supply and distributors are reporting low levels of stock currently. Distributors must forecast … Read moreOil stocks low as demand increases ahead of winter says NIOF
The NI Oil Federation has advised that oil deliveries are continuing as normal despite the strong demand, but some customers may see some delay due to the volume of orders. David Blevings from the Northern Ireland Oil Federation (NIOF) commented, “Deliveries are continuing as normal, unfortunately at increased prices due to the conflict in Ukraine. … Read moreOil deliveries continue as normal says NIOF
David Blevings, spokesperson for NIOF said, “Oil prices are falling sharply on the back of decreasing demand and increasing stocks. With most countries introducing isolation tactics and closing non-essential businesses we are starting to see signs of distress in the oil market with oil stocks surging and demand falling sharply. The drop in price is … Read moreOil price drop is good news for oil consumers says NIOF
David Blevings, spokesperson for NIOF said, “During this challenging period oil deliveries are continuing as normal. Oil distributors and their employees are deemed key workers and service is continuing as normal. Due to the high demand consumers may experience a short delay in their delivery but rest assured, the industry is working flat out to … Read moreOil deliveries continue as normal but please observe social distancing says NIOF