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Looking at Classes in April +
These classes are to be held at the Beckett Training Center , Sturbridge , MA
Annual Tune-Up - OIL April 18 , 2019
MA Oilburner License Prep Class April 19 , 2019
MA Oilburner Code Class April 19 , 2019
NORA Basic OIL School April 22 - May 3 , 2019
RIELLO 40 Series Oil Burners May 10 , 2019
� SHORT-TERM ENERGY OUTLOOK
Release Date : January 15 , 2019 Forecast Highlights This edition of the Short-Term Energy Outlook is the first to include forecasts for 2020 . EIA forecasts Brent prices will average $ 61 per barrel ( b ) in 2019 and $ 65 / b in 2020 . In 2018 , Brent prices averaged $ 71 / b . EIA expects West Texas Intermediate ( WTI ) crude oil prices will average $ 8 / b lower than Brent prices in the first quarter of 2019 before the discount gradually falls to $ 4 / b in the fourth quarter of 2019 and throughout 2020 . EIA ’ s forecast for the average WTI price for December 2019 of $ 59 / b should be considered in the context of NYMEX futures and option contract values for December 2019 delivery . NYMEX trading during the five-day period ending January 10 , 2019 , suggest that a range of $ 28 / b to $ 101 / b encompasses the market expectation for December 2019 WTI prices at the 95 % confidence level .
Beginning on January 1 , 2020 , the International Maritime Organization ( IMO ) is set to enact the Annex VI of the International Convention for the Prevention of Pollution from Ships ( MARPOL Convention ), which lowers the maximum sulfur content of marine fuel oil used in ocean-going vessels from 3.5 % to 0.5 %. EIA expects that , starting in the fourth quarter of 2019 , this regulation will encourage global refiners to increase refinery runs and maximize upgrading of high-sulfur heavy fuel oil into low-sulfur distillate fuel to create compliant bunker fuels . EIA expects total U . S . refinery runs to increase by 4 % from 2019 to reach a record level of 17.9 million barrels per day ( b / d ) on average in 2020 , resulting in refinery utilization rates that average 96 %. EIA forecasts that one of the most significant
U . S . AVERAGE RESIDENTIAL HEATING OIL
MA Oilburner License Prep Class May 17 , 2019
MA Oilburner Code Class May 17 , 2019
Boston STEAM School May 24 , 2019
Millivolt GAS Systems June 6 , 2019
U . S . AVERAGE RESIDENTIAL PROPANE
RIELLO 40 Series Oil Burners June 7 , 2019
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10 FEBRUARY 2019 | FUEL OIL NEWS | www . fueloilnews . com