Benchmark oil prices do not show a single trend on Thursday morning, as traders assess data on US stockpiles and await the OPEC+ ministerial meeting.
The price of January futures for Brent on the London ICE Futures exchange at 7:00 a.m. was $82.95 per barrel, $0.15 (0.18%) lower than at the close of the previous session. The day before, these contracts rose in price by $1.42 (1.7%) to the highest since November 6 at $83.1 per barrel. They will expire at the close of the market on Thursday.
February futures, which are more actively traded, are rising in price by $0.16 (0.19%) to $83.04 per barrel.
Quotations for January futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time increased by $0.18 (0.23%) to $78.04 per barrel. At the end of the previous session, they rose by $1.45 (1.9%) to the highest since November 14 at $77.68 per barrel.
Commercial oil reserves in the United States last week increased by 1.609 million barrels, according to the weekly report of the country’s Energy Ministry published on Wednesday. This came as a surprise to analysts who had forecast an average decline of 933 thousand barrels, according to Trading Economics.
Gasoline reserves increased by 1.764 million barrels, and distillate reserves by 5.217 million barrels. On average, experts had expected an increase in gasoline stocks by 229 thousand barrels and a decrease in distillate reserves by 394 thousand barrels.
For their part, the OPEC+ ministers will try to meet again on Thursday (this time online) to review their strategy in the oil market. A face-to-face meeting of the countries participating in the agreement was scheduled for last Sunday, but was postponed a few days later.
Export of important goods from Ukraine in Jan-Sept 2023
Source: Open4Business.com.ua and experts.news
Former US Secretary of State (1973-1977) and National Security Advisor (1969-1975) Henry Alfred Kissinger has died in the United States at the age of one hundred, the BBC reported on Thursday.
The net profit of solvent banks in January-October 2023 reached UAH 122.7 billion, while in the same period of 2022 this figure was only UAH 10.9 billion, according to the National Bank of Ukraine (NBU).
According to the NBU, total revenues of financial institutions over 10 months increased by 27.3% compared to the same period last year, in particular, net interest income increased by 36.5% to UAH 164.24 billion, while net commission income increased by 3.8% to UAH 41.4 billion.
In the first 9 months of the year, the growth rate was higher: total income grew by 28.1%, including net interest income by 38.7%, and net fees and commissions by 5.4%, as in October this year, net interest income increased by 20.6% compared to October last year, while net fees and commissions decreased by 7.4%.
The share of interest income in the overall structure of banks continued to grow and added 0.2 pp (percentage points) in October, reaching 68.1%, while in the same period last year it was at 60.1%.
Meanwhile, the share of fees and commissions decreased to 21.7% from 23.7% in 2022, as did income from foreign exchange operations due to the stability of the hryvnia exchange rate – to 7% from 13.3%.
Another factor contributing to the profit growth was a significant reduction in provisioning by 21.8 times to UAH 4.9 billion.
According to the NBU, in October, banks’ net profit decreased to UAH 12.8 billion from UAH 14.8 billion in September, while remaining higher than in August – UAH 11.9 billion. Last October, banks ended with a profit of UAH 3.6 billion.
Today marks 365 days since India assumed the G20 Presidency. It is a moment to reflect, recommit, and rejuvenate the spirit of ‘Vasudhaiva Kutumbakam, ‘One Earth, One Family, One Future.’
As we undertook this responsibility last year, the global landscape grappled with multifaceted challenges: recovery from the Covid-19 pandemic, looming climate threats, financial instability, and debt distress in developing nations, all amid declining multilateralism. In the midst of conflicts and competition, development cooperation suffered, impeding progress.
Assuming the G20 Chair, India sought to offer the world an alternative to status quo, a shift from a GDP-centric to human-centric progress. India aimed to remind the world of what unites us, rather than what divides us. Finally, the global conversation had to evolve – the interests of the few had to give way to the aspirations of the many. This required a fundamental reform of multilateralism as we knew it.
Inclusive, ambitious, action-oriented, and decisive—these four words defined our approach as G20 president, and the New Delhi Leaders’ Declaration (NDLD), unanimously adopted by all G20 members, is testimony to our commitment to deliver on these principles.
Inclusivity has been at the heart of our presidency. The inclusion of the African Union (AU) as a permanent member of the G20 integrated 55 African nations into the forum, expanding it to encompass 80% of the global population. This proactive stance has fostered a more comprehensive dialogue on global challenges and opportunities.
The first-of-its-kind ‘Voice of the Global South Summit,’ convened by India in two editions, heralded a new dawn of multilateralism. India mainstreamed the Global South’s concerns in international discourse and has ushered in an era where developing countries take their rightful place in shaping the global narrative.
Inclusivity also infused India’s domestic approach to G20, making it a People’s Presidency that befits that world’s largest democracy. Through “Jan Bhagidari” (people’s participation) events, G20 reached 1.4 billion citizens, involving all states and Union Territories (UTs) as partners. And on substantive elements, India ensured that international attention was directed to broader developmental aims, aligning with G20’s mandate.
At the critical midpoint of the 2030 Agenda, India delivered the G20 2023 Action Plan to Accelerate Progress on the Sustainable Development Goals (SDGs), taking a cross-cutting, action-oriented approach to interconnected issues, including health, education, gender equality and environmental sustainability.
A key area driving this progress is robust Digital Public Infrastructure (DPI). Here, India was decisive in its recommendations, having witnessed the revolutionary impact of digital innovations like Aadhaar, UPI, and Digilocker first-hand. Through G20, we successfully completed the Digital Public Infrastructure Repository, a significant stride in global technological collaboration. This repository, featuring over 50 DPIs from 16 countries, will help the Global South build, adopt, and scale DPI to unlock the power of inclusive growth.
For our One Earth, we introduced ambitious and inclusive aims to create urgent, lasting, and equitable change. The Declaration’s ‘Green Development Pact’ addresses the challenges of choosing between combating hunger and protecting the planet, by outlining a comprehensive roadmap where employment and ecosystems are complimentary, consumption is climate conscious, and production is planet-friendly. In tandem, the G20 Declaration calls for an ambitious tripling of global renewable energy capacity by 2030. Coupled with the establishment of the Global Biofuels Alliance and a concerted push for Green Hydrogen, the G20’s ambitions to build a cleaner, greener world is undeniable. This has always been India’s ethos, and through Lifestyles for Sustainable Development (LiFE), the world can benefit from our age-old sustainable traditions.
Further, the Declaration underscores our commitment to climate justice and equity, urging substantial financial and technological support from the Global North. For the first time, there was a recognition of the quantum jump needed in the magnitude of development financing, moving from billions to trillions of dollars. G20 acknowledged that developing countries require $5.9 trillion to fulfil their Nationally Determined Contributions (NDCs) by 2030.
Given the monumental resources required, G20 emphasised the importance of better, larger, and more effective Multilateral Development Banks. Concurrently, India is taking a leading role in UN reforms, especially in the restructuring of principal organs like the UN Security Council, that will ensure a more equitable global order.
Gender equality took centre stage in the Declaration, culminating in the formation of a dedicated Working Group on the Empowerment of Women next year. India’s Women’s Reservation Bill 2023, reserving one-third of India’s Parliament and state legislative assembly seats for women epitomizes our commitment to women-led development.
The New Delhi Declaration embodies a renewed spirit of collaboration across these key priorities, focusing on policy coherence, reliable trade, and ambitious climate action. It is a matter of pride that during our Presidency, G20 achieved 87 outcomes and 118 adopted documents, a marked rise from the past.
During our G20 Presidency, India led deliberations on geopolitical issues and their impact on economic growth and development. Terrorism and the senseless killing of civilians is unacceptable, and we must address it with a policy of zero-tolerance. We must embody humanitarianism over hostility and reiterate that this is not an era of war.
I am delighted that during our Presidency India achieved the extraordinary: it revitalised multilateralism, amplified the voice of the Global South, championed development, and fought for the empowerment of women, everywhere.
As we hand over the G20 Presidency to Brazil, we do so with the conviction that our collective steps for people, planet, peace, and prosperity, will resonate for years to come.
The shareholders of Gliny Donbassa PrJSC (Shlyakhove village, Donetsk region) intend to select an audit company to audit the financial statements for 2023.
“To select and appoint an audit entity to provide services for the statutory audit of the company’s financial statements for the year 2023 (for the period from January 1, 2023 to December 31, 2023),” reads the agenda of the extraordinary shareholders’ meeting scheduled for December 29, which will be held offline.
As reported, in 2022, Donbass Clays reduced its net profit by 9.4 times compared to 2021 – to UAH 32.217 million from UAH 302.512 million, with retained earnings at the end of the year amounting to UAH 228.193 million.
Hlyny Donbassa was established in 1995. The company is engaged in the extraction and supply of clays and composites from deposits in Donetsk Oblast.
As reported, at the end of 2015, the Dutch Watts Blake Bearne International Holdings B.V., a part of the British Watts Blake Bearne (the world’s largest producer of lump clay – IF-U), increased its stake in the authorized capital of Donbass Clay PJSC to 99% from 49%.
According to the fourth quarter of 2022, Watts Blake Bearne International Holdings B.V. owns 99% of the company.
The authorized capital of Gliny Donbassa PrJSC amounts to UAH 526.9 thousand.
