EIA Says Heating Oil Bills to Rise
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The United States has plenty of fuel in  storage for winter heating thanks to near full-throttle  refinery production, but household energy bills are still  likely to be up sharply, the head of the U.S. Energy  Information Administration (EIA) said on Friday.
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LONDON  - Oil prices rose over worries about a possible supply shortage of US heating oil stocks during the northern hemisphere winter.
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Crude oil futures rose above 55 dollars a barrel Friday as concerns about the global supply of heating oil persisted ahead of winter in the Northern Hemisphere.
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Local analysts said the jump in world oil prices, if sustained, could push up petrol prices another 42c/l in coming months, boosting inflation and slowing down spending in the economy.
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UK's biggest energy provider announces price rise for gas and electricity customers
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Over the summer, rising oil prices meant higher gasoline costs for drivers in the United States. This winter, as crude oil touched $53 a barrel today, they will translate into higher heating bills for American households.
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The dizzying rise in crude oil prices will hit home in US households this winter as fuel bills are set to rise sharply.
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Oil prices rose for the fourth out of the last five sessions Thursday as low stocks of heating fuel in all major consuming regions fostered supply concerns ahead of winter.
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Oil prices rose on Wednesday as a U.S. government report showed heating fuel stocks in the world's largest energy consumer remained tight ahead of the winter, despite a small build in distillate supplies.
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Electricity bills must go up so the government can meet its renewable energy target, a report finds.
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British Airways said it expects high oil prices to drive up its annual fuel bill by 245 million pounds, though this would be partly offset by customer surcharges.
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Crude oil futures rose for a second day amid speculation demand for heating oil may gain in the US after weather forecasters said unseasonably warm weather predicted this week will end in early January.
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Crude oil rose to a two-week high on concern that heating oil supplies may be insufficient as the winter heating season approaches in North America and Europe.
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U.S. consumers will see their  natural gas bills rise 15 percent this winter compared to last  year, and pay 28 percent more to warm their homes with heating  oil and 22 percent more to heat with propane, the government  said on Wednesday.
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WASHINGTON - As if $2 a gallon gasoline hasn't been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes.    A looming winter energy crisis, while unlikely to grab hold before the Nov...
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Oil futures prices rose in Europe Thursday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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U.S. consumers still face sharply higher home heating bills this winter, but prices will be somewhat lower than earlier feared due to milder weather and easing prices, the government said on Tuesday.