Difference between revisions of "Heating oil"

MyWikiBiz, Author Your Legacy — Friday March 29, 2024
Jump to navigationJump to search
(Adding sneaky pixel for keywords)
(Moving Google AdSense ad for this article which features Heating oil, dyed, and distillate fuels)
Line 18: Line 18:
  
 
<!-- See that reference above?  Pretty tricky, how the contributor of the reference included an Amazon.com Associates link to the book cited.  This is a great way for MyWikiBiz contributors to make extra cash by improving Main Space articles with accurate, relevant reference citations. -->
 
<!-- See that reference above?  Pretty tricky, how the contributor of the reference included an Amazon.com Associates link to the book cited.  This is a great way for MyWikiBiz contributors to make extra cash by improving Main Space articles with accurate, relevant reference citations. -->
 +
 +
<!-- Remove this Google ad example from your new Main Space article! -->
 +
 +
<center>
 +
<adsense>
 +
google_ad_client    = 'pub-4781341637005814';
 +
google_ad_width    = 468;
 +
google_ad_height    = 60;
 +
google_ad_format    = '468x60_as';
 +
google_ad_type      = 'text_image';//2006-12-28: Centiare Directory space
 +
google_ad_channel  = '2388332058';
 +
google_color_border = '6699CC';
 +
google_color_bg    = '003366';
 +
google_color_link  = 'FFFFFF';
 +
google_color_text  = 'AECCEB';
 +
google_color_url    = 'AECCEB';
 +
</adsense>
 +
</center>
 +
  
 
Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels.  Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center.  The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.
 
Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels.  Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center.  The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.
Line 43: Line 62:
 
<!-- Below, you see how a Google ad template can be used. PLEASE NOTE, MyWikiBiz contributors are NOT allowed to place Google ads in Main Space articles, UNLESS they were the winner of one of MyWikiBiz's "Buy a topic" auctions, which support MyWikiBiz along with a non-profit charity selected by the community.  Read more about this at [[Help:Monetizing_MyWikiBiz/Google_AdSense]]. -->
 
<!-- Below, you see how a Google ad template can be used. PLEASE NOTE, MyWikiBiz contributors are NOT allowed to place Google ads in Main Space articles, UNLESS they were the winner of one of MyWikiBiz's "Buy a topic" auctions, which support MyWikiBiz along with a non-profit charity selected by the community.  Read more about this at [[Help:Monetizing_MyWikiBiz/Google_AdSense]]. -->
  
<!-- Remove this Google ad example from your new Main Space article! -->
 
 
<center>
 
<adsense>
 
google_ad_client    = 'pub-4781341637005814';
 
google_ad_width    = 468;
 
google_ad_height    = 60;
 
google_ad_format    = '468x60_as';
 
google_ad_type      = 'text_image';//2006-12-28: Centiare Directory space
 
google_ad_channel  = '2388332058';
 
google_color_border = '6699CC';
 
google_color_bg    = '003366';
 
google_color_link  = 'FFFFFF';
 
google_color_text  = 'AECCEB';
 
google_color_url    = 'AECCEB';
 
</adsense>
 
</center>
 
  
 
<br>
 
<br>
Line 67: Line 69:
 
[[Keyword:=Residential heating]]
 
[[Keyword:=Residential heating]]
 
[[Keyword:=Home heating]]
 
[[Keyword:=Home heating]]
[[Keyword:=Distillate fuel]]
+
[[Keyword:=Distillate fuels]]
 
</div>
 
</div>
 
<br>
 
<br>

Revision as of 16:04, 25 August 2008


Heating oil is used to fuel furnaces within buildings. It is usually dyed to distinguish it from taxed vehicle fuel. Typically, delivery is by tanker truck to individual homes and commercial spaces, and the oil is stored in oil tanks in the basement or outside, next to the building. Leaks in older facilities are an environmental concern.


A tanker truck refilling a residential heating oil customer's home

Heating oil, also known as No. 2 fuel oil, accounts for about 25% of the yield of a barrel of crude oil, the second-largest "cut" after gasoline. [1]


Market info

Among distillate fuels, the trend in recent years has seen the proportional demand for heating oil decreasing, as usage of liquified petroleum gas (LPG) has increased. [2]


<adsense> google_ad_client = 'pub-4781341637005814'; google_ad_width = 468; google_ad_height = 60; google_ad_format = '468x60_as'; google_ad_type = 'text_image';//2006-12-28: Centiare Directory space google_ad_channel = '2388332058'; google_color_border = '6699CC'; google_color_bg = '003366'; google_color_link = 'FFFFFF'; google_color_text = 'AECCEB'; google_color_url = 'AECCEB'; </adsense>


Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels. Prices are based on delivery in New York City harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.


Businesses operating in the heating oil sector will identify themselves by the following 5-digit NAICS codes:

  • 45431 - Heating oil dealers, direct selling
  • 32411 - Heating oils made in petroleum refineries


References

  1. ^ <templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>"NYMEX.com: Heating Oil". 2006. Retrieved 2006-12-21. Check date values in: |date= (help)
  2. ^ Template:Citation/core

Share this page

<sharethis />

See also