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How The Attack On Saudi Oil Refinery Could Affect Heating Oil Prices

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How The Attack On Saudi Oil Refinery Could Affect Heating Oil Prices

The recent drone attack on Saudi Arabia’s Abqaiq oil refinery has removed half of Saudi Arabia's oil production competency in one go, diminishing global output by 5%. The Saudi attack is the biggest ever disruption to oil production, due to the importance of the Abqaiq site – the largest of its type in the word. As a result, oil prices could increase dramatically. 

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 as the nights get longer and colder into winter.

 

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How The Attack On Saudi Oil Refinery Could Affect Heating Oil Prices

How The Attack On Saudi Oil Refinery Could Affect Heating Oil Prices

The recent drone attack on Saudi Arabia’s Abqaiq oil refinery has removed half of Saudi Arabia's oil production competency in one go, diminishing global output by 5%. The Saudi attack is the biggest ever disruption to oil production, due to the importance of the Abqaiq site – the largest of its type in the word. As a result, oil prices could increase dramatically. 

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 as the nights get longer and colder into winter.

 

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