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Your Weekly Update: 17 - 21 December 2018


  • When comparing the financial positions of U.S. oil producers as of the third quarter of 2018 with the third quarter of 2014, most measures of profitability and balance sheet fitness indicate companies should be able to weather the recent price downturn.
  • Given the different price levels, oil company revenues per barrel were significantly lower in the third quarter of 2018 compared with the third quarter of 2014.
  • As of December 17, 2018, residential heating oil prices averaged almost $3.19 per gallon, down 1 cent per gallon from last week's price but nearly 30 cents per gallon higher than last year's price at this time.


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