Low Heating Oil Prices Depress Domestic Wood Pellet Market

Plunging crude oil prices continue to depress the domestic wood pellet market, with residential consumers both in the U.S. and Canada finding themselves opting for conventional heating oil rather than their pellet stoves, say industry experts. With crude oil prices hovering around $30 a barrel, however, domestic wood pellet producers have been hard-pressed to profit from an unusually cold winter in much of the Northeast.

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