RPM Fuels & Tanks Blog

 

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Welcome to the RPM Fuels & Tanks blog, here you will find a great range of advice, industry news and new product information. RPM Fuels & Tanks is one of the UK’s leading suppliers of fuel tanks, fuel bowsers and fuel dispensing equipment and management systems. We have over 21 years experience in the oil storage industry and aim to provide a high quality product and service at highly competitive prices.

We supply a huge range of oil tanks and fuel dispensing equipment, including fuel pumps and fuel management systems throughout the United Kingdom. We service a wide range of business and commercial customers including agriculture, haulage, local councils, utility companies, commercial premises and the construction industry. Get in contact with us today to enquire about our fuel storage services.

Monday
Jul302012

OFTEC – Lobbying for the inclusion of the B30K fuel in the RHI 

The Chairman of OFTEC and Managing Director of Riello Burners, Barry Gregory along with many other heating oil equipment manufacturers have sent a letter to the Secretary of State for Energy and Climate Change, Rt. Hon. Ed Davey, MP urging him to include bio-liquids in the Renewable Heat Incentive (RHI).   In the letter it has been illustrated to the Secretary of State for Energy and Climate Change that refusing the inclusion of bio-liquids will only encourage oil households to "do nothing" to make carbon savings.

Heating oil equipment manufacturers who are backing the campaign include Worcester Bosch, Warmflow, Grant, Watson Fuels and the Federation of Petroleum Suppliers (FPS).

Since 2008 OFTEC and the FPS have been conversing with the government exploring the many ways in which bio-liquid fuel could assist in de-carbonise heating. According to OFTEC 1.5 million oil households and 250,000 commercial oil users in the UK use kerosene to heat domestic and commercial dwellings.

However, the body has recently developed a new fuel, B30K that uses 28% less carbon content than the traditional fuel and are urging the government to use it as a replacement for kerosene. B30K was used in 2010RHI consultation, but over time new policy statements have dismissed what the bio-liquid fuel could do in regards to lowering carbon emissions from heating.

In the letter Barry Gregory wrote, "By excluding bio-liquids from the RHI, DECC will, we believe, fail to provide an easy way for current oil homes and businesses to de-carbonise their heating. This is because technologies which are included in the RHI will still be more expensive than conversion to B30K and in many cases cause severe disruption for homeowners.

"Heat pumps are inappropriate for most oil homes which are older rural properties as the design of existing wet radiator systems do not meet the design requirements of heat pump systems. Therefore, for a heat pump to perform correctly, the existing system will have to be redesigned and configured, adding cost and disruption on the consumer. Biomass boilers require a large amount of space which may not be viable for many homes and solar thermal/PV panels usually require back up - usually from carbonised electricity if they are to heat a property effectively.

"If the RHI is granted to bio-liquids - at an appropriate tariff - our industry will encourage the installation of high efficiency bio-compatible boilers and new oil tanks. We estimate that, if the RHI is granted, bio-liquids could be installed in sufficient homes to save two million tonnes of CO2 per annum by 2020."

Thursday
Jul052012

The real cost of falling fuel prices

Oil prices have fallen by more than $30 a barrel since March back to $97 a barrel. In Britain lower oil prices has a significant effect on inflation as that too lowers, which for some means the tight squeeze on incomes has been eased. However, the news of falling oil prices hasn’t entirely been welcomed with open arms as it can been seen as ‘a reflection of the increasing global pessimism stemming from the euroland crisis, not eased by the partial fix in Spain and slower growth in China,’ according to This is Money reporter, Alex Brummer.

Although the decline in oil prices equates to lower home heating bills and cheaper motoring, it has a negative effect on alternative energy investment. Instead of investing in alternative energies countries, in particular the US, are concentrating on retailing ethanol-gasoline blend because the ethanol industry has been experiencing a decline in demand and having to shut down due to it. VeraSun Energy Corp is just one of the ethanol giants that has filed for bankruptcy and are on the lookout for buyers.

However, focus is on Iran. According to Mr Brummer, ‘There has been a concern that the imposition of an oil embargo on shipments from Iran, that takes effect at the end of June, could have led to an upward surge in energy costs.’ It is the Iran sanctions that are causing a stir in the oil market with many questioning the effectiveness of it. The US has already told countries who are buying from Iran that they would affectively have to face secondary sanctions, which has encouraged a decline in Iran’s oil import.

"By reducing Iran's oil sales, we are sending a decisive message to Iran's leaders: until they take concrete actions to satisfy the concerns of the international community, they will continue to face increasing isolation and pressure, "U.S. Secretary of State Hillary Clinton said in a statement according to Money Morning.  

There is a concern over the uncertainty in the market’s continuous change in global supply and demand. "Oil has given up the ghost, the overriding concern is for global demand to moderate or even come off quite a bit in Europe, the United States and even China and India," David Morrison at GFT Global told Reuters.

However, Saudi Arabia have been increasing their supply of oil to 10m barrels a day, a reportedly 30-year high to ensure that the supply is picked up from Iran’s lack of output. The Saudi Arabia's oil minister recently visited Vienna for the OPEC summit, where he spoke of OPEC production quotas being too low and Iran and Venezuela should prevent a production cut.

Although households are happy to hear that oil prices are falling, which could lead to an ease in inflation, there is a deeper message that is in need of rectifying.

For further reading: http://www.thisismoney.co.uk/money/markets/article-2158348/ALEX-BRUMMER-Falling-oil-prices-entirely-welcome-development.html#ixzz1yLIJLZAz

Tuesday
Jul032012

The Green Deal and Energy Company Obligation is too 'Hard To Reach' 

A new panel called "Green Deal Hard to Reach Households Panel" that includes members of organisations such as Citizens Advice, Which?, Age UK and Local Authorities have been tasked with the duty to ensure that the country’s poorest and most vulnerable can access the benefits of the Green Deal and Energy Company Obligation (ECO).

The panel, chaired by South Thanet MP Laura Sandys are responsible for outlining to DECC Ministers the difficulties many households have when it comes to gaining the benefits provided by the Green Deal and ECO. Not only will this group highlight the barriers many households face and create awareness, they will also be putting forward the most effective and efficient measures to overcome them.

Energy and Climate Change Minister Greg Barker said: "I want to ensure everyone is able to reap the benefits that the Green Deal has to offer. This means getting the message out right across the country, including to the most vulnerable households. I am delighted that Laura Sandys MP has agreed to chair this new group and I look forward to receiving their recommendations." 

Laura Sandys MP said: "The Green Deal has the potential to hugely reduce the number of people living in fuel poverty. Customers could be protected from rising energy bills by upgrading their homes so that they are cheaper to heat for good. Ensuring that the energy efficiency scheme can be accessed by those living in the hardest to treat homes will be vital if this scheme to succeed.

"With a wide range of expertise on board, this panel will seek to identify some of the key challenges that might prevent vulnerable households from accessing the Green Deal. The panel will be submitting a series of recommendations to the Minister in advance of the nationwide roll-out."

Friday
Jun292012

OFTEC to provide a registration scheme for Green Deal installers

OFTEC have been awarded with approval from the United Kingdom Accreditation Service (UKAS) for its commendable persons scheme for the heating oil industry. OFTEC has become one of the first certification bodies to gain such recognition and has also been accredited to provide a registration scheme for Green Deal Installers.

Green Deal installers will be provided with OFTEC registration and come October the initiative will be available to households across the UK. However, this work will only be accredited to installers under the Green Deal name.

Working closely with UKAS and DECC, OFTEC can now extend their scope of services and will allow their registered technicians to add Green Deal to their registration. With this new accreditation OFTEC registered technicians can now cover upgrading systems to high efficiency oil-fired condensing boilers, energy saving heating controls and associated cylinder/pipework insulation.

Registration services director for OFTEC, Jacqueline Crawford said: "We've worked hard to gain the UKAS accreditation which is a milestone in OFTEC's development. It's rewarding to know that UKAS has recognised the work that we do and also reassuring for our technicians to know that OFTEC is independently assessed to make sure we're doing things right."

Wednesday
Jun202012

Price cuts for unleaded petrol and diesel

It has been reported that Wm Morrisons will cut the price of their unleaded petrol and diesel by 2 pence taking their prices down to 133p a litre on unleaded petrol and 139p a litre on diesel. This has come after news of the crude oil wholesale markets recently falling.

In order for other supermarkets to stay competitive with their petrol and diesel prices, it is expected that many others will follow suit and also cut the price of their oil.

Morrisons’ petrol director, Mark Todd said: “The continued bad news in financial markets is good news for motorists.

“After seeing continued reductions in the price of oil we are taking the opportunity to bring down prices at the petrol pump.”

The reason behind the cut

News of the recent cost of crude oil falling has also reached America with oil manufacturing in New York for May exceeding forecasts, driving oil from near its lowest in five months.

After the Federal Reserve Bank of New York’s general economic index increased to 17.1 from 6.6 in April, West Texas Intermediate advanced 0.7%.

It has been reported that U.S. crude supplies climbed 1.5 million barrels to 381 million according to Bloomberg News’ survey, which is said to be the most since August 1990.

Senior broker at Jefferies Bache Ltd. in London, Christopher Bellew commented:  “The build-up of inventories in the U.S. is something to consider, but the other side of the coin is that the U.S. economy has shown impressive signs of recovery.”

June delivery of crude oil was at $95.47 a barrel, 66 cents higher in electronic trading on the New York Mercantile Exchange, but has since declined by 1.4% to $94.78, the lowest close since 19th December.

It isn’t just America that has been experiencing a dramatic change in crude prices. Since Germany’s economic growth has escalated faster than predicted, brent crude oil futures rose by $1 and has assisted in the Euro area avoiding a second recession in three years.

During the first quarter of this year, Germany's GDP rose 0.5%, which has pushed the euro above a four-month low. This is excellent news for the Euro area as it has reassured traders regarding European oil demand.

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