Heating Oil fell to 2.18 USD/Gal on October 20, 2025, down 0.08% from the previous day. Over the past month, Heating Oil's price has fallen 4.98%, and is down 0.22% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on October of 2025.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (WHOILNYH) from 1986-06-06 to 2025-10-03 about new york harbor, heating, New York, oil, commodities, and USA.

On October 6, 2025, the Brent crude oil price stood at 63.49 U.S. dollars per barrel, compared to 59.49 U.S. dollars for WTI oil and 64.22 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Natural gas rose to 3.16 USD/MMBtu on October 19, 2025, up 4.92% from the previous day. Over the past month, Natural gas's price has risen 12.47%, and is up 36.50% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on October of 2025.

Stock Price Time Series for Meier Tobler Group AG. Meier Tobler Group AG operates as a trading and services company in heat generation and air conditioning systems. The company provides heating products comprising solar thermal energy, gas heaters, oil heating, surface heating, radiator, air heater, heat pumps, large heat pumps, wood heating, hot water systems and fresh water stations, and exhaust systems. It also offers refrigeration and air conditioning systems consisting of chillers, VRF systems, absorption chillers, cooling towers, recooler, climate cabinets, fan coil units, chilled beams, and air conditioning units. The company serves office, residential, and public buildings, data center, shopping centers, shops, healthcare, and hotel industries. Meier Tobler Group AG was formerly known as Walter Meier AG. Meier Tobler Group AG was founded in 1937 and is headquartered in Schwerzenbach, Switzerland.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

TTF Gas fell to 31.77 EUR/MWh on October 20, 2025, down 0.14% from the previous day. Over the past month, TTF Gas's price has fallen 0.23%, and is down 20.62% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on October of 2025.

Oil Furnaces Market Outlook

The oil furnaces market size is projected to reach USD 8.5 billion by 2032 from USD 5.6 billion in 2023, at a compound annual growth rate (CAGR) of 4.8% during the forecast period. This growth can be attributed to increasing demand for energy-efficient heating solutions, particularly in regions with harsh winters, and the continuous advancements in furnace technology. The market is also being driven by the retrofitting of older heating systems with high-efficiency models, which offer improved energy savings and lower emissions.

One of the key growth factors for the oil furnaces market is the rising awareness and demand for energy-efficient heating solutions. Governments and environmental agencies worldwide are pushing for the adoption of high-efficiency furnaces due to their lower carbon emissions and reduced energy consumption. This is further complemented by financial incentives and rebates offered to consumers and businesses for upgrading to more efficient heating systems. Consequently, high-efficiency oil furnaces are gaining traction as they provide significant cost savings over their lifespan despite their higher initial costs.

Additionally, technological advancements in oil furnace designs are also driving market growth. Modern oil furnaces are equipped with advanced features such as variable-speed blowers, electronic ignition systems, and smart thermostats, which enhance their performance and energy efficiency. These innovations not only improve the operational efficiency of the furnaces but also offer enhanced comfort and convenience to the users. The integration of IoT technology is another significant trend, enabling remote monitoring and control of oil furnaces, thus contributing to their increasing adoption.

Furthermore, the replacement of aging heating infrastructure in residential, commercial, and industrial buildings is fueling market demand. Many existing oil furnaces are reaching the end of their operational life and are being replaced with newer, more efficient models. This trend is particularly noticeable in regions with older building stock, where upgrading heating systems is essential for meeting modern energy efficiency standards. The emphasis on reducing greenhouse gas emissions and enhancing energy conservation is prompting both public and private sectors to invest in upgraded heating solutions.

Regionally, the oil furnaces market is seeing significant growth in North America and Europe due to the extreme winter conditions and the high prevalence of oil-based heating systems. In North America, the market is driven by the widespread adoption of oil furnaces in rural and suburban areas where natural gas infrastructure is limited. Europe, on the other hand, is experiencing growth due to stringent energy efficiency regulations and increasing consumer awareness about the benefits of high-efficiency heating systems. Meanwhile, emerging economies in the Asia Pacific, Latin America, and the Middle East & Africa are gradually increasing their adoption of oil furnaces, driven by rising urbanization and industrialization.

Product Type Analysis

Oil furnaces can be broadly categorized into standard oil furnaces and high-efficiency oil furnaces. Standard oil furnaces are typically less expensive and are widely used in regions with moderate heating requirements. They have a simpler design and fewer advanced features compared to their high-efficiency counterparts. However, their lower initial cost makes them an attractive option for cost-conscious consumers. Despite their lower efficiency, standard oil furnaces continue to hold a significant market share, particularly in regions where heating oil prices are relatively low.

High-efficiency oil furnaces, on the other hand, are designed to maximize energy savings and minimize emissions. These furnaces often feature advanced components such as variable-speed blowers, modulating burners, and electronic ignition systems that enhance their performance. High-efficiency oil furnaces are typically rated with Annual Fuel Utilization Efficiency (AFUE) ratings of 90% and above, meaning they convert more fuel into usable heat compared to standard models. The higher initial investment in high-efficiency furnaces is offset by the long-term savings in fuel costs and the availability of government incentives and rebates for energy-efficient upgrades.

The growing emphasis on sustainability and energy efficiency is driving the demand for high-efficiency oil furnaces. Consumers and businesses are increasingly prioritizing long-term savings and environme

UK Gas fell to 80.69 GBp/thm on October 17, 2025, down 2.04% from the previous day. Over the past month, UK Gas's price has fallen 0.99%, and is down 17.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on October of 2025.

Snapshot img

Castor Oil And Its Derivatives Market Size 2024-2028

The castor oil and its derivatives market size is forecast to increase by USD 726.6 million, at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand in major end-use industries such as coatings, plastics, and biodiesel. Castor oil is a valuable source of biodiesel, making it an essential component in the renewable energy sector. However, the market is subject to fluctuations due to the extreme dependence on climate conditions for castor oil production. Extreme weather conditions can impact the crop yield and, consequently, the price of castor oil. Additionally, the rising awareness of the environmental benefits of using biodiesel and bioplastics derived from castor oil is driving market growth. The market is expected to witness steady growth in the coming years, with a focus on sustainable production methods and innovation in end-use applications.

Market Analysis

Request Free Sample

Castor oil, derived from the seeds of Castor beans, is a triglyceride oil rich in ricinoleic acid. It is a nonedible vegetable oil with various applications in industries such as soaps, lubricants, coatings, fertilizers, and biodiesel. The global market for castor oil and its derivatives is driven by the increasing demand for these products in different end-use industries. The extraction of castor oil is typically done through either mechanical pressing or solvent extraction using organic solvents like hexane, heptane, or petroleum ether. Mechanical pressing involves the use of oil expellers, hydraulic pressing, or cold pressing, while solvent extraction employs the Soxhlet method.

The extracted oil undergoes several processes such as neutralization using a neutralizer like phosphoric acid or caustic, degumming, and bleaching to produce the final product. Castor oil derivatives, such as ricinoleic acid, are also in high demand due to their unique properties in various applications. The market for castor oil and its derivatives is expected to grow due to the increasing demand for sustainable and eco-friendly alternatives in various industries.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Sebacic acid
  Undecylenic acid
  Castor wax
  Others


Geography

  APAC

    China
    India


  Europe

    France


  North America

    US


  South America

    Brazil


  Middle East and Africa

By Product Insights

The sebacic acid segment is estimated to witness significant growth during the forecast period. Castor beans, native to subtropical dry regions, are the primary source of Ricinoleic acid, a triglyceride ester with hydroxyl group attached to the third carbon atom. This nonedible oil, also known as vegetable oil, is extracted from the beans using various methods such as mechanical pressing, solvent extraction, and hydraulic pressing. The extracted oil undergoes several processes, including neutralization using phosphoric acid or caustic, degumming in a degumming-process-plant, bleaching, and heating in an oil heat exchanger. Ricinoleic acid is further processed to produce soaps, lubricants, coatings, chemical products, and biodiesel. In the production of soaps, the oil stock undergoes hydration in a hydration tank using hot water and mechanical agitator, followed by neutralization and centrifugal separation.

The gums obtained from the process are further dried in a vacuum drier. Lubricants are produced by refining the oil and removing impurities. Coatings are made by reacting the oil with organic solvents such as hexane, heptane, or petroleum ether. Chemical products like polymer materials, hydraulic fluids, and brake fluids are derived from the oil through various chemical reactions. Fertilizers are also produced as a by-product of the castor oil refining process. In the extraction process, the oil is first expelled from the beans using an oil expeller or hydraulic pressing. The crude oil obtained is then refined using solvents such as hexane, heptane, or petroleum ether, followed by neutralization, degumming, bleaching, and deodorization.

The neutralizer is typically a strong acid or base, such as phosphoric acid or caustic, which reacts with the free fatty acids in the oil to produce soap stock. The degumming process removes the gums and impurities from the oil, while bleaching removes color impurities and improves the oil's appearance. The oil is then heated in an oil heat exchanger and passed through a centrifugal separator to remove any remaining water. The oil is then sent to a buffering tank, where it is held at a constant temperature before being shipped to customers.

Get a glance at the market shar

Stock Price Time Series for HEATEC JIETONG HOLDINGS LTD.. Heatec Jietong Holdings Ltd. provides piping and heat exchanger services for the marine, petrochemical, and oil and gas industries in Singapore, the People's Republic of China, and the Philippines. The company operates through Piping, Heat Exchanger, Chemical Cleaning, and Trading of Petroleum Products segments. It provides land-based heat exchanger services to the process and chemical plants conducting routine shut-down maintenance; plate heat exchangers and shell and tube heat exchangers; and tank cleaning related services, such as de-sloping, demucking, and sludge disposal. The company also offers fabrication and installation services for piping; pipes and systems restoration and installation services, such as marine piping; process piping services for floating, production, storage, and offloading conversions for offshore structures comprising FPSOs, oil rigs, restoration of ship piping systems, routine docking maintenance of ships, and other types of ship conversions and ship lengthening. In addition, it is involved in turnkey project management, including procurement, construction, fabrication, commissioning, and project management; provision of ultrasonic cleaning of charged air cooler and filters; chemical cleaning for heat exchangers, pipelines engine parts, and pressure vessel; stainless steel passivation; hot oil flushing up to NAS/ISO standard for pipeline; chemical sales; rental of portable steam boiler/borescope/particle counter; and hydro-jetting machines activities. In addition, it designs, sells, and fabricates heat exchangers; and supplies and trades in various products, including petroleum products, bunkers, lubricants, chemicals, equipment, and tools. Heatec Jietong Holdings Ltd. was founded in 1990 and is based in Singapore.

Stock Price Time Series for GEA GROUP. GEA Group Aktiengesellschaft produces and supplies systems and components to the food, beverage, and pharmaceutical industries worldwide. It operates through Separation & Flow Technologies; Liquid & Power Technologies; Food & Health Technologies; Farm Technologies; and Heating & Refrigeration Technologies segments. The company manufacture process-related components and machinery, notably separators, decanters, homogenizers, valves, and pumps; and process solutions, including brewing systems, liquid processing and filling, concentration, fermentation, crystallization, purification, drying, powder handling, and packaging, as well as systems for carbon capture and emission control for dairy, new-food, beverage, food, chemical, and other industries. It also prepares, marinates, and processes meat, poultry, seafood, vegan products, and snack and pasta, as well as slicing, packaging lines, freeze drying, granulators, and tablet presses for pharmaceutical industry. In addition, the company offers customer solution for milk production and livestock farming comprising automatic milking and feeding system, conventional milking solutions, manure handling, and digital herd management tools; and energy solutions in the field of industrial refrigeration and heating for various industries, including food, beverage, dairy, oil and gas, supporting automation, digital, and service platform. The company was formerly known as mg technologies ag and changed its name to GEA Group Aktiengesellschaft in 2005. GEA Group Aktiengesellschaft was founded in 1881 and is headquartered in Düsseldorf, Germany.

Stock Price Time Series for Daikin Industries Ltd.. Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. It offers air-conditioning and refrigeration equipment products, such as split/multi-split typeair conditioners, unitary, air to water heat pump systems, heating systems, air purifiers, skyair, multi-split type air conditioners, ventilations, control systems, packaged air-conditioning systems, air cooled chillers, water cooled chillers, rooftops, air side equipment, refrigeration, containers, marine HVAC, and air filters. The company's chemical products comprises fluoropolymers, fluoropolymers coatings, additives, films, anti-smudge coating, coating resin, fluorinated oil, refrigerants, fluorinated liquids, etching agents, battery materials, fine chemicals and intermediates, optical adhesive, fluorocarbons, fluoroplastics, fluoroelastomers, fluoropaints, fluoro coating agents, semiconductor-etching products, and water and oil repellent agents. It also provides oil hydraulics products, including oil hydraulic pumps and valves, cooling equipment and systems, inverter hydraulic power units, hydrostatic transmissions. In addition, the company offers after sales services. It serves automotive, semiconductor manufacturing, electronics, energy solutions, home and living, building and construction, oil and gas, aerospace, and life sciences industries. Daikin Industries, Ltd. was founded in 1924 and is headquartered in Osaka, Japan.

Price-To-Book-Ratio Time Series for Nanjing Well Pharmaceutical Co Ltd. Nanjing Well Pharmaceutical Group Co.,Ltd. focuses on the research and development, production, and sale of pharmaceutical auxiliary materials in China. Its pharmaceutical materials include excipients for injectables and non-injectables. The company also provides synthetic base oils, such as hydraulic fluids, lubricity additives for metals, metal quenching, base fluids and lubricity additives, synthetic base for compress lubricants, synthetic base oil for gear, base oil of chain lubricants, base stock of engine oil, base stock of heat transfer oil, and base oil of grease; and other products, including painting and coating, textile chemicals, field chemicals, and low foam metal cleaners. In addition, it engages in the manufacturing of bio-based materials; research and development, production, and sales of feed additives; technology research and development of bio-based materials; and research and development, and manufacturing of electronic special materials, as well as technical development, technical consultation, and technical services. The company also exports its products to Europe, the United States, Southeast Asia, and internationally. The company was formerly known as Nanjing Well Pharmaceutical Co.,Ltd. and changed its name to Nanjing Well Pharmaceutical Group Co.,Ltd. in April 2020. Nanjing Well Pharmaceutical Group Co.,Ltd. was founded in 2000 and is based in Nanjing, China.