1. He said the distillation tower was more important for heating oil production than gasoline. 2. Nevertheless, with heating oil production at a record, some traders now may be convinced that supplies will be ample this winter. 3. Oil company spokesmen explain the latest price surge with something about refinery conversion from heating oil production to...blah, blah, blah. 4. Since diesel and heating oil are refined from the same part of crude oil, strong demand for diesel has had an effect on heating oil production. 5. Since then, though, a surge in heating oil production has cooled that conjecture. 6. The cold is expected to return next week, adding pressure to refineries to boost heating oil production to keep up with demand. 7. The cold is expected to return next week, pressuring to refineries to boost heating oil production to keep up with demand. 8. Then refineries trying to fill that gasoline demand were slow to return to heating oil production this fall. 9. The upswing in heating oil production came so quickly and at such high levels that it surprised the industry. 10. While U.S. heating oil production rose, higher prices in Europe reduced U.S. imports and even attracted exports from the U.S. for the third week straight. |