Category: fuel
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Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why
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China’s recent stimulus measures have sparked optimism in global financial markets, and according to QCP Capital analysts, the effects could soon extend to the crypto space. While stock indices have responded positively to China’s economic policies, the cryptocurrency market has yet to see a similar surge. However, QCP Capital believes…
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Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why
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China’s recent stimulus measures have sparked optimism in global financial markets, and according to QCP Capital analysts, the effects could soon extend to the crypto space. While stock indices have responded positively to China’s economic policies, the cryptocurrency market has yet to see a similar surge. However, QCP Capital believes…
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XRP Price Could Soon Surge: Can Bulls Fuel the Rally?
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XRP price is trying to break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed to make a new high. XRP price started another rise towards the $0.6050 area. The price is now trading above the 0.5880 level and the 100-hour simple moving…
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XRP Price Could Soon Surge: Can Bulls Fuel the Rally?
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XRP price is trying to break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed to make a new high. XRP price started another rise towards the $0.6050 area. The price is now trading above the 0.5880 level and the 100-hour simple moving…
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Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports
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Scotland’s last oil refinery at Grangemouth is due to close between April and June next year, costing 400 jobs and leaving the UK with just a handful of refineries. The closure, announced by Petronews – a joint venture between Sir Jim Ratcliffe’s Ineos and PetroChina – comes as domestic demand…
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Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports
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Scotland’s last oil refinery at Grangemouth is due to close between April and June next year, costing 400 jobs and leaving the UK with just a handful of refineries. The closure, announced by Petronews – a joint venture between Sir Jim Ratcliffe’s Ineos and PetroChina – comes as domestic demand…
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Bitcoin ETFs Fuel Resurgence In Crypto Interest, According To Gemini’s 2024 Report
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Cryptocurrency exchange Gemini has released its 2024 Global Cryptocurrency Report, which provides valuable insights into current investor sentiment and Property Trends In the digital assets space, looking at the newly launched Ethereum and Bitcoin ETFs. Ethereum, Bitcoin ETFs Drive Billions in Institutional Flows the a reportAfter two turbulent years, the…
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Reeves defends £4,400 heating claim for second home amid pensioner winter fuel payment cuts
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Chancellor Rachel Reeves has faced criticism after justifying her decision to claim £4,400 in taxpayer expenses to heat her second home, a day after MPs voted to scrap the £300 winter fuel payment for millions of pensioners. The decision comes as the government moves to cut benefits for pensioners while…
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Binance Traders Shorting These Altcoins, Rally Rocket Fuel?
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Three altcoins have seen bearish bets on Binance, which could help fuel the rally, an analytics firm has revealed. Tron, Stellar, and 1inch have seen negative funding rates recently. In new mail In X, on-chain analytics firm Santiment recently discussed the trend in Binance’s funding rate for a few different…
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State pension set to rise by £400 amid criticism of winter fuel allowance cuts
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The UK government is set to increase state pensions by more than £400 a year, following criticism of Chancellor Rachel Reeves’ decision to means-test the winter fuel allowance. The Treasury calculates that the full state pension could rise in line with average earnings due to the implementation of the triple…
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Costly fuel looms on push for bigger oil dealer profits
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Kenyans are set to pay an extra Sh4.45 per litre of fuel if a proposal in a study commissioned by the Energy Regulatory Authority is adopted, raising concerns about pressure on cost-of-living measures. The study by consultants Corrent Technologies and Channel Consulting Limited proposes increasing margins offered to oil marketing…
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Vivo Energy half-year sales drop by Sh2bn amid record fuel prices
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Vivo Energy’s revenue in the Kenyan market fell by $16 million (Sh2.06 billion) in the first half of 2024, as record high fuel prices hit demand. The multinational said its Kenyan unit generated revenue of $769 million (Sh99.16 billion) during the six months, compared to $785 million (Sh101.22 billion) a…
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Scrap 5p fuel duty cut as drivers miss out on savings, says RAC
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A royal advisory committee has called for the 5p fuel tax cut to be scrapped, claiming motorists are not benefiting as intended. Introduced in 2022 to ease the cost of living crisis, the cut is costing the Treasury £2bn a year but has failed to translate into savings at the…
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How Meme Culture Fuel Its Rise In 2024
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The cryptocurrency market is buzzing with the latest trendsetter, $DOGS Token, a meme coin that’s capturing attention thanks to its explosive entrance on major exchanges like Binance and OKX. Inspired by popular internet culture, DOGS isn’t just another flashy meme coin; it’s become a sensation partly due to its unique…
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Motorists overpay Sh16bn in fuel deal with Gulf firms
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Motorists have been overcharged by an estimated Sh16.4 billion or Sh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies, boosting the profits of three local companies at the expense of consumers. Kenya entered into the deal with Saudi Aramco, Abu Dhabi National…
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S&P 500 gains 1.4% in weekly rise, with fuel from the Fed greenlighting rate cuts
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The Standard & Poor’s 500 Index (SP500) rose 1.44% on Friday for the week to close at 5,634.61 points, gaining in three of the last five sessions. The accompanying SPDR S&P 500 ETF Trust (New York: Spy) rose by 1.41% during the week. Wall Street Reference index (sb 500The index…
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Indonesia Seeks Bigger Biodiesel Blend to Reduce Fossil Fuel Use
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Breadcrumbs Path Links PMN Business Indonesia is seeking to blend more palm oil into diesel to cut its use of fossil fuels, with the ambitious target raising the risk of tightening tropical oil supplies. Article author: Bloomberg News Ecolisterin Published on August 19, 2024 • Read for 2 minutes You…
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Plan from California’s Newsom would make refiners stockpile fuel reserves (NYSE:CVX)
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Justin Paget/Digital Vision via Getty Images California Gov. Gavin Newsom proposed legislation Thursday that would require oil refineries in the state to Maintain minimum reserves of gasoline and other fuels in an effort to prevent supply shortages and price hikes during refinery outages. Energy in California The commission said refineries…
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Fuel prices unchanged for first time since December last year
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Fuel prices remained steady for the first time this year, ending months of consecutive price cuts that consumers have enjoyed since December last year. The Energy and Petroleum Regulatory Authority (EPRA) has kept the pump prices of a litre of petrol and diesel unchanged at Sh188.84 and Sh171.60 respectively in…