Energy News Roundup: Northeast Heating Oil Supplies Crater Amid Deep Freeze, Prices Spike

Northeast distillate inventories decreased by 19% in the past 3 weeks and are currently 50% below the 5-year average, according to the EIA. “Demand for heating oil has outpaced supply during January’s cold snaps, resulting in a drawdown of stocks… In addition to increased demand from consumers that regularly use oil heat, press reports indicate

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