Oil prices are rising after falling to lows in more than two weeks on reports that the US plans to sell additional barrels of oil from the strategic reserve.
The price of December futures for Brent on the London ICE Futures exchange by 8:10 am Wednesday is $90.52 per barrel, which is $0.49 (0.54%) higher than the closing price of the previous session. As a result of trading on Tuesday, these contracts fell by $1.59 (1.7%) to $90.03 per barrel.
The price of futures for WTI oil for November in electronic trading on the New York Mercantile Exchange (NYMEX) rose by this time by $0.88 (1.06%), to $83.7 per barrel. By the close of previous trading, the value of these contracts fell by $2.64 (3.1%) to $82.82 per barrel.
US President Joe Biden will announce on Wednesday the sale of an additional 15 million barrels of oil from the country’s strategic oil reserve in response to OPEC+’s move to cut oil production by 2 million b/d since November, the Associated Press wrote, citing senior officials in the US presidential administration. .
In addition, the President is expected to announce that he may make a similar decision several times this winter. These measures are aimed at curbing the rise in oil prices in the world. The plan to sell the energy resource from the reserve was announced in March, and it was designed for six months. In total, it was planned to release 180 million barrels.
At the moment, the US strategic oil reserve is at its lowest level since 1984, which is about 400 million barrels of oil, writes Associated Press.
At the same time, upside potential in the oil market remains due to traders’ concerns about supply. “We continue to see a number of opportunities for a short-term recovery (of oil prices – IF), as the EU embargo on energy supplies from the Russian Federation comes into force in December, and the G7 countries continue to work on the price ceiling for Russian oil,” analysts at Fitch Solutions said.
Zhydachevsky Pulp and Paper Mill (ZhTsBK, Lviv region), which is part of the Osnova holding, increased its production by 23.2% in January-September 2022 compared to the same period in 2021, to UAH 373.24 million.
According to the statistics provided to the Interfax-Ukraine agency by the UkrPapir Association, thus, following the results of nine months, the plant slightly slowed down the growth rate of this indicator compared to the same period last year (for seven months it was 35%, eight months – 30% )
In real terms, the production of corrugated boxes continues to maintain stable positive dynamics, having increased by a third – up to 14.4 million square meters. m. At the same time, the output of containerboard (including corrugated paper) decreased by 13% to 9.9 thousand tons.
At the same time, there is a significant reduction in the production of paper – by 39.7%, to 3 thousand tons.
As reported with reference to the data of the association, in January-September, taking into account the fact that a number of industry enterprises were either destroyed or damaged or located in the occupied territory, the production of paper and cardboard in Ukraine decreased by 43.7% compared to January-September -2021 – up to 376.137 thousand tons, corrugated packaging – by 41.7%, up to 323 million square meters. m.
At the same time, the largest Ukrainian manufacturer of corrugated packaging, Rubezhsky CPC, was damaged and stopped, but its subsidiary in the Kyiv region, the Trypilsky Packaging Plant, continues to work. According to UkrPapir, in nine months it produced products worth UAH 1.53 billion, and corrugated packaging produced 89.8 million square meters. m (the second indicator after the Kyiv KBK).
ZhPPM suspended production with the start of Russia’s military aggression, but in March, production was resumed.
According to the association, another plant in the structure of the holding “Osnova” – Izmail pulp and cardboard (Odessa region) in January-September increased the volume of marketable products by 6.1% – up to UAH 169.2 million. In physical terms, the output of containerboard decreased by almost a third to 5.9 thousand tons, corrugated packaging by 43.6%, to 8.7 million square meters. m.
France, Germany and Spain are faced with another increase in the number of people infected with coronavirus, and the World Health Organization (WHO) warns that the pandemic is not over yet and control of the virus is necessary, El Mundo newspaper writes.
“The World Health Organization and the European Union warned this week that the pandemic is not over yet and that people’s health must be protected, especially among the most vulnerable populations. The WHO is again seeing a growing number of covid infections in Europe, this indicates another wave of the virus,” writes edition with reference to the organization.
In addition, WHO held a new quarterly meeting on the situation with COVID-19, which discussed the issue of maintaining an international state of emergency due to the pandemic. The decision will be announced in the coming days.
According to the organization, 3 million cases of COVID-19 infection were confirmed in the world last week, the lowest figure this year. The number of deaths was 8.8 thousand, this is the second lowest figure in 2022.
Meanwhile, according to El Mundo, in Spain, all indicators of COVID-19 have increased over the past week: the incidence is skyrocketing in people over 59, many of them end up in hospitals in intensive care units.
The Ministry of Health of the country again publishes weekly statistics on coronavirus, according to which 587 patients with covid have been admitted to hospitals in Spain since last Friday. In total, there are 3.3 thousand people, 174 of them are in the intensive care unit.
The situation is no better in Germany: people with the Omicron strain BA.4 and BA.5 are hospitalized there. According to the Association of Hospitals of the country, medical institutions are now working at the limit of their capabilities.
In this context, discussions on the mandatory wearing of masks indoors have resumed in Germany, and the Minister of Health of the Republic, Karl Lauterbach, has called on the federal states to reintroduce the mask regime in the indicated places.
In turn, France is launching a free flu vaccination campaign in the hope of reducing the number of cases, especially at a time when the number of people infected with coronavirus is rising. First of all, people over 65 years of age, pregnant women, people with third-degree obesity (BMI over 40) and patients with certain chronic diseases, such as diabetes, are recommended to be vaccinated.
The State Property Fund of Ukraine (SPF) is ready to resume large-scale privatization in Ukraine despite the war, but first wants to analyze their condition, Rustem Umerov, newly appointed head of the Fund, said.
“So far, we want to preliminarily analyze the situation at the enterprises. After that, we plan to discuss with the government which of them we can now put up for sale,” he said in an interview with Forbes Ukraine, which was published on Tuesday.
Among the enterprises that could be put up for large-scale privatization, the head of the State Property Fund named the Odessa Portside Plant, the United Mining and Chemical Company (OGCC) and the Zaporozhye Titanium and Magnesium Combine (ZTMK), adding that he also intends to wait for the resumption of their work.
Answering a question about the revision of privatization in previous years, the new head of the State Property Fund said that he was not in favor of such an approach. “We must move on without looking back at the past,” he said.
Umerov added that an analysis of about 800 enterprises that the Fund recently received by government decision is also being carried out.
According to him, the presence among them located in the temporarily occupied territories is explained by the fact that one of the functions of the State Property Fund will be to assess the losses of Ukraine from the occupation, including the loss of these enterprises. “After the assessment, we will file lawsuits in international courts demanding compensation for the damage,” the head of the department said.
He also confirmed that the government is discussing the idea of transferring the arrested assets belonging to the Russians to the Fund. “After analyzing their financial situation, we will put them up for privatization. We will transfer the proceeds to the government, which will send them to the country’s defense,” Umerov explained the idea.
Among other initiatives, he named an inventory of all leased areas, discussion of the possibility of creating a land bank together with the Ministry of Agrarian Policy and Food, as well as work on the creation of a real estate agency – Real Estate Investment Trust.
Umerov also recalled plans to create a Sovereign Fund, to which enterprises of strategically important sectors for the state will be transferred: energy and critical transport infrastructure, as well as enterprises with a unique market position and licenses for the extraction of natural resources.
The number of insurance partners of the multidisciplinary medical center for the whole family “Leleka” (Kiev, Pushcha-Vodytsia) reached 20, as it is reported in the clinic.
It is also noted that the insurance partners of the clinic, in particular, are IC “ARX”, IG “TAS”, IC “Alpha Insurance”, IC “UNICA”, IC “Providna”, ASK “INGO”, IC “Universalna”, IC “TAS”, “USIC”. Besides “Leleka” works with the assistance companies “Mars-Assistance”, “SOS-service”, “Premier-Assistance”, AP Companyiz, Savitar-group, Arsenal-Assistance.
According to the report since September 2022 medical center began providing not only medical care in gynecology, childbirth and pregnancy management, but also surgical treatment of a wide range of diseases not only for women but also for men. In particular, the clinic provides services in vascular surgery, mammology, proctology, urology, endocrine, plastic and ambulatory surgery.
Leleka Medical Center follows evidence-based medical protocols, approved in Ukraine, the U.S. and Western Europe. During 5 years of its functioning the medical center was trusted by patients from 32 countries of the world.
According to the report the medical center is the only one in Ukraine that has a prestigious American accreditation JCI, gold standard of quality in the world of health care.
“Our priorities are implementation of medical innovations and guarantee of qualitative medical assistance”, – the director general of medical center “Leleka” Valery Zukin marks.
The logistics company “Nova Poshta” has launched a new service in its own application, which allows you to transfer the right to receive a parcel to another person.
As the company announced on Tuesday, now through the mobile application “Nova Poshta” you can give the right to the person you trust to receive the package for you and pay for it, if necessary.
The service is free and is valid only for receiving items at a post office and a post office with a declared value of up to UAH 30,000.
The person who has been granted permission to receive the parcel will receive a push message in his Nova Poshta mobile application automatically. If the authorized person does not have the company’s mobile application installed, then he will receive a message on his phone in Viber or SMS.
The right to receive a parcel can also be cancelled.
Only the original recipient of the shipment can order the “Other recipient” service and only through the Nova Poshta mobile application.
At the same time, if the parcel is ordered “Personally in hand”, then it is impossible to change the recipient.
