Consumers could be paying at least 20% more on their heating bills this winter. Tight oil refining capacity and low stockpiles are expected to keep prices elevated during the colder months.
“Our heating, oil inventories are very low. I mean the lowest, I think, that they’ve ever been. Does it mean that we’re going to have run out of inventories? No, it means that we’re going to have the potential for spikes, particularly in a cold winter,” CIBC Private Wealth Senior Energy Trader Rebecca…
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