News

25th July 2016

Julie completes a 5km Pretty Muddy Charity Race

Julie completes a 5km Pretty Muddy Charity Race

Director of Fuel Tank Shop, Julie Forsyth, completed the "Pretty Muddy 5k" race at Westpoint, Exeter on Saturday 23rd July 2017.

So far she has raised over £700 but there is still time to donate/sponsor to the very worthy cause "Cancer Research UK".

Click here to donate/sponsor

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1st July 2016

New Range of Kingspan Titan Bluemasters Now Available!

New Range of Kingspan Titan Bluemasters Now Available!

Fuel Tank Shop have now added the New Range of Kingspan Titan Bluemasters to our range.

The Kingspan Titan Bluemaster range has been manufactured with a wealth of industry knowledge and expertise, allowing us to bring to market one of the most reliable and robust Adblue Storage Systems available. Our bulk storage options offer the ultimate return on investment and control needed for all business, whilst ensuring Adblue purity and compliance with national and international standards.

All Kingspan titan Bluemasters come with the latest TMS tank monitoring systems with Overfill alarms, LCD display,Leak Detection,Flow Measurement, Pump on/off control via nozzle holder switch.

The new Kingspan Titan Blumaster range is available in  2500 Litre Horizontal (BMH2500), 4000 Litre Smiline (BMSL4000), 5000 Litre Vertical (BMV5000) and 9000 Litre Vertical (BMV9000). Fuel Tank Shop offer a Price match so if you find the same model cheaper let us know and we will do everything we can to beat that price!

See link below for all Kingsopan Titan Tanks

https://www.fueltankshop.co.uk/titan/b6 

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27th May 2016

HARLEQUIN Champagne Offer!!

HARLEQUIN Champagne Offer!!

Fuel Tank Shop Prize Draw!!

We will enter EVERY Harlequin Tank order placed with us in June and July will be entered into a Prize Draw for a case of CHAMPAGNE!!

All you have to do is buy a tank and we will automatically enter you into the draw. 

The Winner will be notified directly and each winners name will be on this page!

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12th February 2016

Non Compliant Plastic Tank Manufacturers

OFTEC statement February 2016: Which plastic oil tank should I install?

Since June 2013, under the Construction Product Regulations (CPR), it has been a legal requirement in all European member states (including the UK and the Republic of Ireland) for every new plastic oil tank to have its own “Declaration of Performance”, which is evidence that the tank meets with required standards.

Installers are reminded that the CPR places legal obligations on everyone within the supply chain to ensure that information is passed on so as to allow the person making the specification to confirm that the product is fit for its intended use. 

In 2014 OFTEC verified compliance with these regulations amongst its own plastic tank manufacturing members, and were satisfied that the legal requirements were met. These members are:

  • Carbery Plastics Ltd
  • Clarehill Plastics Ltd (T/A Harlequin)
  • Kingspan Environmental Ltd (T/A Atlas; Deso; PC Roto Moulding; and Titan).

Subsequently OFTEC made enquires with tank manufacturers not in its membership about compliance with CPR.  Tuffa UK Ltd have assured OFTEC that they do comply although their Declarations of Performance have not been verified.  Rototek Ltd (T/A 3 C Trading Ltd) has demonstrated to OFTEC that their Declarations of Performance are valid for their oil tanks.

Despite repeated requests, the following companies have not provided any evidence that their tanks comply with the CPR:

  • Drayton Tank and Accessories Ltd
  • Envirostore UK Ltd
  • Etills Ltd (also T/A Ecosure)
  • Platinum Tanks Ltd
  • Polytank Group Ltd

Click here to view on the OFTEC website

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22nd January 2016

Ten Year Low on Oil Prices

‘Ten year low’ oil price sees a rise in tank servicing

Ten year low oil price

Over the past few months heating oil engineers have seen a huge increase in business, which they are putting down to recent cold weather and the price of oil being at a ‘ten year low’.

According to the oil distribution trade association ‘FPS’ (Federation of Petroleum Suppliers), the price of heating oil has reached a ten year low – and with recent cold weather this has seen a rise in heating oil engineers being called out.

Heating oil is more popular than most would think, with 1.5m homes across the UK currently using it. It’s commonly used in areas where there is no connection to the national gas grid, with other types of off grid energy being electricity and LPG, but heating oil currently comes on top for the cheapest available option.

Chief Executive of the FPS Mark Askew said: “It is great news for off grid homeowners and just as we are entering a cold spell we are urging people to stock up now.”

Sutherland Tables are an independent provider of comparison prices for home heating in the UK and Republic of Ireland. Their latest official figures for heating a 3-bedroom home (per annum) in Great Britain are as follows:

  • Using an oil condensing boiler – £793
  • Using an LPG condensing boiler – £1548
  • Using electricity – £1600
  • Using mains gas – £1038

Since these figures were released, the price of oil has fallen even more, therefore increasing the price gap – making heating oil the cheapest method of home heating by far.

With the price of oil so low, domestic heating oil users will have saved some pennies in recent months, leaving them able to afford tank servicing that might usually mean them forking out in order to have it done. So it’s no surprise that heating oil engineers have seen a busy few months.

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14th January 2016

Fuel Tank Shop launches BRAND NEW website

Fuel Tank Shop launches BRAND NEW website

Fuel Tank Shop have launched an impressive new website.  After several months of hard work the new website is ready.  Check it out!!  You will find it very easy to navigate in order to purchase your Oil or Diesel tank.  Please let us know your thoughts.

Julie & Jamie Forsyth

Directors

Fuel Tank Shop Ltd

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8th December 2015

Oil prices to stay lower for longer

It’s an easy mistake to make. If the value of an asset halves in six months, it’s not unreasonable to believe the bottom must be near.

The temptation to try and time the turn can be irresistible, and painful – there’s a reason it’s called catching a falling knife.

The traditional swing producer surprised energy watchers by refusing to balance the market. As the world’s biggest oil exporter, it gambled that maintaining production would quickly squeeze high-cost shale producers in North America and allow it to maintain market share as the price of crude bounced.

That bet has apparently misfired. The oil price had already fallen from $115 a barrel in the summer of 2014 to around $60 a year ago. Today it has fallen to under $45 and the prospect of $30 oil no longer seems ridiculous.

The Kingdom is dipping into admittedly very deep pockets as oil revenues fall short of domestic spending. A budget deficit of 20pc looks possible this year, according to the International Monetary Fund.

"Oil sector analysts are struggling to get their heads around a new world in which supplies can be turned on and off much more quickly than in the past"
 

Maintaining a balance in the global oil market is no easy matter because the net surplus or shortfall is the difference between two big numbers.

That means a modest uptick in supply or a slowdown in demand can have a disproportionate impact on the price. It tends to overshoot in both directions.

Goldman Sachs has warned that with oil inventories at record levels, the market is unlikely to rebalance soon. The amount of crude sitting in storage has risen for eight weeks on the trot and, with Iran waiting in the wings, the supply glut is showing no sign of easing.

Oil sector analysts are struggling to get their heads around a new world in which supplies can be turned on and off much more quickly than in the past.

Shale supplies are more flexible than traditional sources of oil, so any uptick in the price might easily be snuffed out as the switch is flicked on new capacity.

On the demand side of the ledger, the outlook is not much better. Japan, one of the world’s leading oil importers, last week fell into its fourth recession in five years.

"In the long run, the Saudi call will probably be right. Growing demand from emerging markets should more than offset the impact of clean energy and greater efficiency in the developed world"
 

China, the marginal buyer of most commodities, is undergoing a transition to a less energy-intensive phase of consumption-led growth.

The Organisation for Economic Co-operation and Development thinks the global economy could grow by as little as 2.9pc this year.

Now even El Niño is being fingered – a warm winter on the back of the unpredictable weather pattern could crimp demand for heating oil.

The third headwind for the oil price is the increasingly likely divergence between monetary policy on either side of the Atlantic.

With the European Central Bank likely to expand its quantitative easing programme on the eve of this year’s Opec meeting and the Federal Reserve almost certain to increase interest rates two weeks later, further appreciation of the US dollar looks probable.

With oil priced in the US currency, a rising dollar makes it more expensive for buyers in other countries and the price of crude tends to fall to compensate.

Saudi King Abdullah Bin Abdel Aziz (L) and his Finance minister Ibrahim Al-Assaf  take part in a round table meetingSaudi Arabia's finance minister  Photo: AFP/GETTY

If Saudi Arabia holds its nerve at the upcoming meeting and the oil price does fall even further, the pain of the world’s already squeezed oil exporters will be matched by the gains for its energy importers.

The biggest beneficiary should be the US. Although America is a major oil producer these days, its economy is so vast that the energy sector only accounts for 2.4pc of GDP. That compares with more than 60pc in Saudi Arabia and Kuwait and more than 20pc in Russia.

The benefit to the US of cheap petrol and lower input costs massively outweighs the hit to jobs and corporate profits in the energy sector.

The disinflationary impact of cheaper oil will keep the trajectory of interest rates in both the US and UK lower than would otherwise have been the case. It will ensure the Goldilocks environment of flat prices and modestly rising average incomes continues through 2016.

In the long run, the Saudi call will probably be right. Growing demand from emerging markets should more than offset the impact of clean energy and greater efficiency in the developed world. The market will rebalance itself in time.

The question is how long Opec is prepared to stomach the high cost of keeping the pumps wide open.

Tom Stevenson is an investment director at Fidelity International. The views expressed are his own. He tweets at @tomstevenson63.

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8th October 2015

Bumper year for oil as boiler sales rise and kerosene prices fall

With oil boiler sales reaching a five year high and oil prices dropping to a six year low, 2015 is proving a winning year for the oil heating industry and consumers alike.

Purchases of new, high efficiency oil condensing boilers are at their highest level since 2010, with sales from January to October this year up 9% on the same period in 2014. Demand for boilers has been particularly strong over the summer months suggesting that recent uncertainty over renewable heating subsidies following government policy changes, may have also influenced consumer thinking.

The continued fall in oil prices has also undoubtedly played a key part in purchase decisions. The average UK selling price of kerosene in England and Wales fell to around 35ppl in September – the lowest point since autumn 2009 and almost 50% cheaper than when prices peaked in spring 2013.

OFTEC director general Jeremy Hawksley, commented: “The growth in oil boiler sales is clearly excellent news for manufacturers and heating installers, with three strong quarters of results. This is backed up by positive feedback from our OFTEC technicians, suggesting there is plenty of work around.

“Low prices are making an enormous difference to oil using households, with many saving hundreds of pounds on their fuel bills. Oil is now by far the cheapest major heating fuel with typical annual costs currently around £793 pa – that’s 48.7% cheaper than LPG, 50% less expensive than electric storage heaters and 24% cheaper than mains gas.”

Encouragingly, oil heating users have benefitted directly from the fall in crude oil prices because unlike other fuels, the price drop has been passed straight on to consumers.

Jeremy Hawksley continues: “The fact that consumers are benefitting directly from the dramatic drop in prices makes oil heating even more attractive for both existing and new users. Predicting future kerosene prices is always difficult but with world demand for crude oil remaining low and continued oversupply, it’s likely that prices will remain low for some time to come. So far 2015 is certainly proving to be an outstanding year for oil heating users and manufacturers and technicians working in the industry.”

 

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