Oil heating users in Northern Ireland are enjoying the lowest energy bills as the fuel remains the cheapest heating option across the board, according to new data. The latest Sutherland Tables, which compare the average cost of heating a three bedroom home, reveals that households with an oil condensing boiler are paying £1,211 per year,…
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…
Responding to last week’s article in the Derry Journal that claimed that “Derry and the poor are paying more for oil”.David Blevings, spokesperson for the Northern Ireland Oil Federation (NIOF) said, “Contrary to the article, oil prices are actually moving lower and we have seen up to 5ppl knocked off retail home heat costs this…
The NI Oil Federation has advised that oil prices are rising on the back of global events. David Blevings, spokesperson for the Federation said, “Unfortunately the instability and concern around the Trump decision to withdraw from the Iran deal has made traders nervous and is adding a premium to crude oil prices. In turn this…
David Blevings from NIOF said, “We are seeing an increase in local fuel prices. This is a result of inflated crude and wholesale fuel prices due to the current round of sabre rattling in the Middle East. Any sign of discontent in this region is usually bad news for oil prices as the threat of…
