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How the War in Ukraine Could Affect Heating Oil Prices
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The recent Russian war on Ukraine and the sanctions imposed on Russia by the parts of the world have caused the prices of crude oil to go to it’s highest in the past 6 years. Due to Russia being the worlds third largest oil producer, any disruption to the export of goods from Russia will have an effect on oil prices. With the sanctions that have been placed on them by many other countries of the world the the export of oil has been slowed down. As a result, oil prices could increase as this continues.
This could therefore affect heating oil prices in the UK.
With that in mind we’d recommend the following:
Compare prices regularly
Regularly check our Live Heating Oil Price Comparison Graph to ensure you’re paying the cheapest price possible for your heating oil.
Stock up
Think about filling up your heating oil tank earlier than normal. That way if prices increase further you’re saving money and you’ll have plenty of heating oil for the few remaining colder months.
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How the War in Ukraine Could Affect Heating Oil Prices
The recent Russian war on Ukraine and the sanctions imposed on Russia by the parts of the world have caused the prices of crude oil to go to it’s highest in the past 6 years. Due to Russia being the worlds third largest oil producer, any disruption to the export of goods from Russia will have an effect on oil prices. With the sanctions that have been placed on them by many other countries of the world the the export of oil has been slowed down. As a result, oil prices could increase as this continues.
This could therefore affect heating oil prices in the UK.
With that in mind we’d recommend the following:
Compare prices regularly
Regularly check our Live Heating Oil Price Comparison Graph to ensure you’re paying the cheapest price possible for your heating oil.
Stock up
Think about filling up your heating oil tank earlier than normal. That way if prices increase further you’re saving money and you’ll have plenty of heating oil for the few remaining colder months.
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