Residential heating oil is also referred to as fuel oil. It is a middle distillate petroleum product and is similar to jet fuel and kerosene. In the past few years, fuel oil and diesel were considered to be identical. The same refined petroleum product was procured andsold through gas stations as highway fuel and as heating oil by dealers.In the present scenario, residential heating oil is considered to be different from highway fuel for two main reasons: firstly, in 1990s, the U.S. ... Read more
The low sulfur oil market has been recently witnessing massive impetus from the changing regulations in the marine industry. The recent impetus is spearheaded by momentum generated from New International Maritime Organization (IMO) regulations that calls for slashing the highest percentage of the sulfur marine fuels can contain. The norms will kick in in the next year that is in 2020. This has now started to stir the ... Read more