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Heating Oil
(redirected from Oil heat)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.03 sec.
Heating Oil
A petroleum product used to heat private homes, offices and so forth. Approximately 25% of the world's crude oil is developed into heating oil. It is traded as a commodity on the Intercontinental Exchange and the New York Mercantile Exchange.


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However, according to Bob Garside, president of the Oil Heat Council of New Hampshire, oil prices are one big guessing game that can change drastically at any moment.
It came as a UK accident report showed how a build-up of ice on the fuel/ oil heat exchanger (FOHE) could have caused the incident at Heathrow airport.
[ILLUSTRATION OMITTED] When aircraft broil under the hot sun on the flight line or in the desert, the oil heats up and expands.
 
 
 
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