Heating Oil

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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.
References in periodicals archive ?
that agricultural tractors on public roads clearing snow or gritting to provide access to schools, hospitals, a remote dwelling, or communities cut off by ice and snow can continue to use red diesel.
It's not as if he can just take his tractor or other machinery to a local garage, as red diesel is only sold at selected depots.
The fact that we caught a person with red diesel justifies the operation.
Red diesel, which is cheaper than regular diesel, is intended only for off-road agricultural use.
This contract involves - Take off the supply of fuel for motor vehicles of Deinze at the pumps of one (or more) oil firm in Belgium by means of magnetic cards with unlimited usage, includes a secret code;- The supply of heating oil on call;- The supply of red diesel on call;- The supply of propane on demand.
It's red diesel so it's pumped into drums and then taken away to put into another machine.
Under normal rules any vehicle that is being used to clear snow from public roads using a snow plough or similar device is entitled to use red diesel.
FARMERS in Wales can use red diesel during extreme cold weather conditions, it was confirmed yesterday.
It is also hoped the move will help prompt a change in legislation over the use of red diesel by farmers taking part in such operations.
HM Revenue & Customs warn that using rebated fuels - such as red diesel and kerosene - is a criminal offence.
But suddenly, over the same night, 8 million liters of red diesel in Tripoli's refinery were distributed to [political] supporters and traders who made a gain of LL 2.
FARMERS'' fuel bills could sky-rocket if EU plans to remove tax exemptions for red diesel get the go-ahead.