News: Orders Spike, Prices Surge: Middle East Tensions Raise Easter Volatility
2nd March 2026
Order rates for heating oil and supplier prices rose sharply from Friday after renewed tensions in the Middle East disrupted shipping sentiment and pushed oil markets into a supply‑risk mindset. Members placing domestic and commercial heating oil orders should expect continued price swings and potential delivery delays in the coming days.
What happened this week
Immediate market reaction — Traders pushed crude and refined product prices higher as the risk of disrupted tanker routes and higher insurance premiums fed through to wholesale heating oil.
Supply chain effect — Suppliers reported increased order volumes from Friday as some buyers sought to top up tanks.
What this means for THOC members
Short‑term price volatility — Expect rapid price moves for kerosene and heating oil as markets react to new developments and insurers reassess risk premiums. Members buying by spot or short‑term contract are most exposed.
Delivery risk — Higher order rates and constrained carrier capacity can create local delivery delays, missed slots, or partial fills for bulk and domestic deliveries.
Practical steps for members
Prioritise essential top‑ups — Top up now! Fill your tank and then no worries or stress for the next few months.
Easter timing and why it matters
Easter weekend is early this year: Good Friday 3 April 2026, Easter Sunday 5 April 2026, Easter Monday 6 April 2026. Bank holidays reduce carrier capacity and can magnify delivery and pricing pressure in the days immediately before and after the long weekend.
Read THOC’s Golden Rules: When Not to Order for a full checklist and supplier messaging templates.