Category: fuel
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Fuel stations face sanctions over continued high prices
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The Ministry of Energy and Petroleum threatened to clamp down on fuel filling stations that continued to sell fuel at high prices, despite the price drop announced on Tuesday. Cabinet Secretary (CS) Opio Wandayi said some petrol stations are yet to reduce pump prices despite adjustments made by the Energy…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?
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Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue higher if it crosses the $72.80 resistance area. Litecoin is showing positive signs from the $65 support area against the US Dollar. The price is now trading above the $70 level and the 100…
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Cardano Whales Move $6 Billion In One Day, Fuel For ADA Price To Reach $0.5?
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This article is also available in Spanish. In an interesting move, Cardano (ADA) rebounded by approx 4% in the past 24 hours, in what appears to be an uptick in activity among senior ADA holders. ADA price started the week on a bearish note and spent most of the week…
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Dogecoin Targets $0.11 As Short-Term Traders Fuel DOGE Price – Details
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This article is also available in Spanish. Dogecoin has now reached a critical demand level after rising 4% from local lows, sparking serious speculation in the market. The meme coin has attracted the attention of analysts and traders, with mixed opinions about its next move. Some believe that Dogecoin is…
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Dogecoin Targets $0.11 As Short-Term Traders Fuel DOGE Price – Details
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This article is also available in Spanish. Dogecoin has now reached a critical demand level after rising 4% from local lows, sparking serious speculation in the market. The meme coin has attracted the attention of analysts and traders, with mixed opinions about its next move. Some believe that Dogecoin is…
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Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?
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Opeyemi is a skilled writer and enthusiast of the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has remained quite drawn since he forayed into this space over the course of two years. Now, Opeyemi takes pride in creating unique pieces…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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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…