World oil prices at the auction on Thursday, June 3, updated for a maximum of four months.
Thus, August futures on Brent reached $ 71.84 per barrel, which is the highest since January 2020.
July futures on the WTI are trading above $ 69 per barrel – a maximum of October 22, 2018.
Quotes are rising on data on declining oil reserves in the United States. According to API estimates, stocks in the country for the week decreased by 5.36 million barrels. Gasoline reserves increased by 2.51 million barrels, distillates – by 1.59 million barrels.
The growth of quotations is also influenced by the resumption of economic activity in Europe, writes S&P Global Platts. The largest European countries, including Britain, Germany, France and Italy, are expected to continue easing quarantine restrictions during June.
The Fund for Economic Stability (WSF), created by the German government, saved the largest German airline from bankruptcy after the collapse of air traffic in March 2020 with billions of infusions, but now there is a way out of the crisis, the concern said. Lufthansa intends to return to the state by the end of […]
The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]
In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]
According to the updated data of the State Statistics Service, Ukraine’s GDP growth in the second quarter of 2021 was 5.7% in annual terms, which is 0.3% higher than the previous estimate. In particular, for six months the nominal GDP was UAH 1 trillion 169.4 billion, and per capita – UAH 28.19 thousand. Compared to […]
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]
Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]
The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]
Ukraine plans to privatize 737 state-owned enterprises during 2021-2023. The Ministry of Economy published the list of objects for sale. Although some companies will be able to sell only after the amendments to the legislation. In particular, such large enterprises as Centerenergo, the United Mining and Chemical Company, Turboatom, the Zaporizhia Titanium and Magnesium Plant, […]
China is a global player that sets its priorities for both the short and long terms. Ukraine is very interesting for China in the context of investment projects for the future. This is confirmed by a new investment proposal for Ukraine. Ukraine, along with 20 other countries, will be included in the posed by China Association […]
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The Deposit Guarantee Fund of individuals introduced a temporary administration in “Fidobank”. It is reported by the press service of the Fund. The decision was made on the base of the decision of the National Bank of Ukraine (NBU) on May 20 to classify “Fidobank” to the category of the insolvent. Earlier, “Fidobank” reported about […]
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The National Bank did not enter the interbank foreign exchange market this week, as in the previous seven weeks. Since the beginning of the year, the NBU has bought $ 290.5 million on the interbank market and sold $ 70 million. The balance of interventions amounted to 220.5 million dollars. It will be recalled that […]
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Shares of Ford Motor Co dropped to 1.93% on Friday after the closing of trading on Thursday, automaker reported results of achievement in three months from April to June. Since the beginning of the year, Ford shares have fallen by 28.9%. Ford Motor reported second-quarter losses of – $ 0.35 per share, which is better […]
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The multinational jewelry company Tiffany has filed a lawsuit in the court of the state of Delaware (USA) against the French luxury goods manufacturer LVMH (Louis Vuitton Moet Hennessy) for delaying the latest merger process. This was announced on Wednesday by the press service of the jewelry company. According to press service, LVMH group intentionally […]
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Richard Branson’s aerospace company Virgin Galactic has announced a contract for a special research flight by Kelly Gerard, a member of the International Space Institute (IIAS). The astronaut will conduct experiments and test new health technologies while in space. The company’s shares in the premarket rose 7.61% to $ 33.5. “Much of our mission is […]
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At a meeting of the Joint Commission on International Road Transport Union, Ukraine and Poland agreed to allocate 5,000 additional permits for Ukrainian carriers for 2020. Vladyslav Kryklii, the head of the Ministry of Infrastructure announced it on Friday, November 20 on his Facebook page. “Our carriers will receive the first permits in early December. […]
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Technical failure occurred on the Tokyo Stock Exchange, due to which the trading was suspended. This is stated in the statement by Japan Exchange Group, which owns the exchange. “Trading of all shares on the Tokyo Stock Exchange has been suspended due to the failures related to the delivery of the market information, ” – […]
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Bad news for oil industry workers and suppliers: Royal Dutch Shell has joined the ranks of energy companies who are slashing their spending. Shell said it was scaling back its planned capital investment by $15 billion over the next three years. Oil is now trading around $45 per barrel, down from over $100 per barrel […]
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NASA has suspended a contract with SpaceX to build a monthly landing module, which cost $ 2.89 billion. It is noted that the company of Amazon founder Jeff Bezos Blue Origin and Dynetics have protested the decision to outsource the construction of the SpaceX module to the US Central Audit Office (GAO). SpaceX must now […]
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Company Guild Esports of David Beckham, specializing in cybersport, announced plans to place its shares on the London Stock Exchange in the autumn of 2020. During the IPO, the company expects to raise 20 million pounds ($ 25.86 million). It is estimated that it will be valued at 50 million pounds. The resulting funds Guild […]
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Monte Paschi Italian bank turned up under the threat of nationalization. It was reported by international business publication Bloomberg, referring to its own sources. According to official information, currently a European financial institution needs an additional capitalization for the amount of 5 billion euros. However, currently it is impossible to realize such a task, due […]
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American gadget manufacturer Apple Inc. in July-September reduced net income to $ 12.67 billion, or $ 0.73 per share, compared to $ 13.68 billion, or $ 0.76 per share, for the same period in 2019. Stock analysts forecast a rate of $ 0.71 per share. Apple’s quarterly revenue grew 1% year on year to $ […]
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The judicial panel on criminal cases of the Kiev Court of Appeal March 16, 2016 considered and settled the appeal, canceling the seizure of property of the GREENSTONE group of companies: “Petroprodukt-Ukraine”, “Yagotynske HPP”, “Protein-Production” and “League “. This was said in the press release. At the request of the investigator of the National Police – […]
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Lactalis dairy products manufacturer has signed an agreement with the Italian company Parmalat – one of the main competitors of the French group in Europe. According to official information, it is about the acquisition of more than 12.2% of the shares of Parmalat: the value of one security is 2.8 dollars per piece. It should […]
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The coronavirus pandemic has allowed Ukrainian pharmaceutical companies to enter new world markets – the EU and Asia. The head of the board of Darnitsa Group Dmitry Shymkov in an interview stated this with the executive director of the European Business Association Anna Derevyanko. In particular, the shortage of medicines arose due to the fact […]
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