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 ?
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.
There is a requirement for the supply of red diesel to high output sites, Aggregate Handling Depots (AHDs) and Material Handling Depots (MHDs).
It's red diesel so it's pumped into drums and then taken away to put into another machine.
More than 70 vehicles were dip tested for red diesel, with one man, in his 20s ordered to pay a fine for using red diesel and summonsed to court for having no insurance.
HM Revenue and Customs (HMRC) said in extreme weather, farmers will be allowed to use red diesel in their tractors to help grit and clear snow from public roads.
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.
The price of red gasoil had decreased by LL2,900 Monday after Cabinet removed VAT on red diesel oil last week.
FARMERS'' fuel bills could sky-rocket if EU plans to remove tax exemptions for red diesel get the go-ahead.
But Inspector Mick Little, head of the force's road policing unit, said he believes it will rise again, and also predicted an increase in the illegal use and theft of red diesel, an industrial fuel used by farmers which is cheaper because it is not subject to the same tax.