Oil prices are rising on Monday after a sharp decline last week.
The cost of January futures for Brent on the London ICE Futures exchange as of 7:10 a.m. on Monday amounted to $85.3 per barrel, which is $0.41 (0.48%) higher than at the close of the previous session. On Friday, the price of these contracts fell by $1.96 (2.3%) to $84.89 per barrel.
December futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) rose by $0.5 (0.62%) to $81.01 per barrel by this time. As a result of the previous trading, the value of these contracts fell by $1.95 (2.4%) to $80.51 per barrel.
Last week, Brent lost 4.8%, WTI – 5.9%, according to Dow Jones.
Concerns about the escalating conflict in the Middle East have eased somewhat, and traders’ attention has shifted to the prospects for oil supply and demand on the global market, Market Watch notes.
On Sunday, the Saudi state agency reported, citing an official source in the Ministry of Energy, that the country would not change the volume of voluntary oil production cuts, and would keep it at 1 million bpd until the end of 2023. At the same time, the source noted that in December, Saudi Arabia will review the parameters of the restrictions in order to make a decision either to deepen the reduction or increase production.
About $435 million is needed to help civilians across Ukraine by March 2024, according to the website of the UN Office for the Coordination of Humanitarian Affairs.
“The United Nations and partners are calling for about $435 million to be allocated for winter assistance. US dollars to provide winter assistance to more than 1.7 million people across Ukraine by March 2024,” the statement emphasizes.
It is noted that this year alone, the UN and partners have delivered 14 convoys to the frontline areas of Zaporizhzhia region, providing the necessary assistance to more than 30 thousand people living near the southern front. Since the beginning of the year, 96 humanitarian convoys have been delivered to the frontline areas.
In particular, as reported on November 3, an interagency humanitarian convoy delivered vital supplies for 1,600 people who remain in the frontline town of Orikhiv, Zaporizhzhia Oblast. The aid included medicines, household items, hygiene kits, blankets, mattresses, solar lamps and sleeping bags.
“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), whose production site is located in Dnipro after the relocation, has produced 242 units of underground transport this year, fulfilling all orders for the supply of underground transport, having manufactured 242 units.
“After the plant was relocated, we had to re-establish production. Production of underground transport was no exception. However, Corum DrMZ machine builders have managed to cope and have even already fulfilled all orders for the production of trolleys,” the company’s Facebook page says.
In particular, 228 freight trolleys were produced, including 173 units of the most popular VG3.3-900, which can move up to 6 tons of coal; as well as 22 VDK2.5K trolleys designed for 4.5 tons of coal and capable of unloading anywhere without a special unloading mechanism (used in mine construction and during the reconstruction of coal enterprises).
In addition, in the first ten months of 2023, the plant shipped 33 transport trolleys to mines, which are used in mine construction.
“The mines are also updating their passenger car fleet. This year, machine builders have produced 13 trolleys for transporting miners through horizontal mine workings and one for transporting passengers through inclined mine workings with inclination angles of 6 to 30°,” the statement said.
All underground mine transport was made to order for DTEK Energy’s mines.
As reported, the plant produced the first freight cars after the relocation in May this year, having made changes to the design and manufacturing technology of parts and the car in general while maintaining quality.
Corum Group is a leading manufacturer of mining equipment in Ukraine and is part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK holding.
“Corum DrMZ increased its loss by 2.6 times in 2022 compared to 2021, to UAH 458.3 million, while revenue fell by 2.3 times to UAH 559 million.
In 2022, Lekhim JSC (Kyiv) reduced its net profit by 36.5% compared to 2021, to UAH 247.308 million.
According to the company’s announcement in the NSSMC’s information disclosure system, the performance indicators will be considered by its shareholders at an extraordinary meeting on December 4.
In addition, the shareholders plan to amend the corporate governance system and re-elect Valeriy Pechaev as Chairman of the Board of Directors, Tatyana Pechaeva as Deputy Chairman of the Board, Olga Pechaeva as Chief Executive Officer, and Valentina Mazuryk, Lesya Redkina, Lyubov Lazko, and Svetlana Pechaeva as members of the Board of Directors.
Lekhim JSC owns 100% of Lekhim-Obukhov LLC, 98.2% of Lekhim Kharkiv PrJSC, 81% of Technolog (Cherkasy region), 100% of Lekhim-Vilnius CJSC and 100% of Lekhim’s foreign representative office in Uzbekistan.
Lekhim produces more than 200 medicinal products of almost all therapeutic groups, and annually registers more than 10 new drugs. its products are exported to more than 35 countries. One of Lekhim’s anti-tuberculosis drugs is prequalified by the WHO.
As reported, in 2023, Lekhim Group of Pharmaceutical Companies signed a sublicense agreement with the Medicines Patent Pool (MPP) for the production of a generic version of the innovative Japanese antiviral drug Ensitrelvir manufactured by Shionogi, which can be used to treat COVID-19. Seven pharmaceutical companies signed sublicense agreements, and Lekhim is the only Ukrainian pharmaceutical manufacturer among them. In addition, the agreement was signed by three generic pharmaceutical manufacturers from China, two companies from India and a company from Vietnam.
Pharmacy sales in Ukraine in January-September 2023 increased by 21.56% compared to the same period in 2022 to UAH 126 billion, while in physical terms they decreased by 6.5% to 907.885 million packs.
Business Credit told Interfax-Ukraine that the weighted average price of pharmacy basket goods in the first nine months of 2023 amounted to UAH 138.78, which is 30% more than a year earlier.
Pharmacy sales of medicines increased by 19.39% in the first nine months of the year to almost UAH 98.556 billion. At the same time, in physical terms, the retail pharmaceutical market decreased by 4.66% to 637.465 million packs. The weighted average retail price of medicines in the first nine months of 2023 amounted to UAH 154.51, which is 25.22% more than a year earlier.
According to the company, sales growth in January-September in physical terms was recorded in the household chemicals segment (20.56%), dietary supplements (20%), mineral water (18.7%), medical cosmetics (17.59%) and special food products (7.63%).
In other segments, sales in volume terms decreased compared to the same period in 2022.
As reported, in January-June 2023, pharmacy sales increased by 19% in monetary terms compared to the same period in 2022 – up to UAH 84.126 billion, but in physical terms decreased by 10.4% to 612.11 million packs. The weighted average price of pharmacy basket products in the first half of 2023 amounted to UAH 137.44, which is 33% higher than in the same period of 2022.
Pharmacy sales of medicinal products in the first half of the year amounted to UAH 65.96 billion in monetary terms (up 16.9%), while in physical terms they decreased by 8.12% to 430.899 million packs.
Ukraine is not asking for any concessions on its way to the European Union and is implementing all the recommendations of the European Commission given to our country, President of Ukraine Volodymyr Zelenskyy said on Saturday in Kyiv at a joint press conference with President of the European Commission Ursula von der Leyen.
“We have implemented the recommendations necessary to start membership negotiations. This applies to the rule of law, the protection of human rights and freedoms of national communities, greater transparency in the work of state institutions and strengthening of anti-corruption infrastructure,” he said.
Among the draft laws, Zelensky singled out the bill on lobbying, which “will add transparency to political processes and reliably protect the state from the destructive influence of oligarchs and others trying to circumvent the rule of law.”
According to him, “it is very important that the support of Europe and our other partners remains steady and reliable. This applies to defense and financial support. Russia needs to see that the world does not retreat in defense of freedom and international law.”
Zelenskyy said he expects sanctions actions to be strengthened, including “preventing the circumvention of existing sanctions, in particular by using European companies and the territories of Russia’s neighboring states.”
