Oil prices are falling on Wednesday on the back of data from the American Petroleum Institute (API), which showed a significant increase in US stockpiles.
The cost of May futures for Brent on the London ICE Futures exchange as of 7:10 a.m. was $85.54 per barrel, which is $0.71 (0.82%) lower than at the close of the previous trading. On Tuesday, these contracts fell by $0.5 (0.6%) to $86.25 per barrel.
May futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $0.61 (0.75%) to $81.01 per barrel by this time. As a result of previous trading, the value of these contracts decreased by $0.33 (0.4%) to $81.62 per barrel.
According to API estimates, US oil inventories increased by 9.337 million barrels in the week ended March 22, the highest increase since mid-February 2023.
Oil inventories at the Cushing terminal, where Nymex-traded crude is stored, increased by 2.4 million barrels, API reported.
Official data on energy reserves in the US will be released by the Department of Energy at 16:30 pm.
The oil market continues to monitor the geopolitical situation and awaits news from OPEC+.
The coalition states, which will hold a regular meeting on April 3, are likely to maintain the current production restrictions. According to Bloomberg, citing sources, the OPEC+ countries do not yet see the need to change production volumes.
JSC “OTP BANK” has the highest index “A” of financial reliability according to the calculations of the FinScore tool from YouControl for the fourth quarter of 2023. Compared to the third quarter, the Bank has risen one step in the rating, thus taking the fourth place.
The updated research includes 40 Ukrainian banks. The highest index “A” indicates a minimal probability of unfavorable financial consequences.
Bank_FinScore is a scoring index of a bank’s financial reliability calculated by the analytical department of YouControl and based on 25 indicators. Among them are NBU standards and financial ratios that comprehensively reflect the state of liquidity, capital adequacy, profitability, credit, investment and currency risks of the bank.
The financial scoring of Ukrainian banks is available at the following link.
We would like to remind you that JSC OTP BANK entered the TOP-10 banks included in the Index of the best enterprises of Ukraine with impeccable business reputation and the highest revenue for 2023 in the Banking category. In February, the Bank took a leading position in the Bank Viability Rating – 2024, compiled by the business publication Mind.
Number of applicants per vacancy (comparison)
Source: Open4Business.com.ua and experts.news
Passenger traffic on the border with Poland in both directions has increased by 8 thousand people in recent days due to the approaching Easter holidays, in this regard, the State Border Guard Service of Ukraine reports about queues at checkpoints “Krakivets” and “Shegini” and recommends to use other border crossings.
“For crossing the border by cars and buses travelers most often choose checkpoints “Krakovets” and “Shegini”. Therefore, in front of these checkpoints there is an accumulation of traffic. At the same time, border guards periodically record queues also at the entrance to Ukraine,” – reported in the telegram channel of the State Border Service on Tuesday.
According to the border department, the least dynamics of traffic is observed at the checkpoints “Smolnitsa”, “Grushev”, “Rava-Ruska” and “Ugrini”. “In order to reduce the waiting time in queues we recommend citizens to choose these checkpoints to cross the border,” – stated in the message. This year’s Catholic Easter will be on March 31.
Border Guard Service of Ukraine, EASTER, Krakivets, PASSENGER TRAFFIC, POLAND, Шегини
In 2024, PJSC Ukrnafta increased the volume and expanded the geography of imported fuel supplies from global producers to the country, the company’s press service reported on Facebook.
According to the press service, while last year the company imported fuel from the United States, Sweden, Poland, and Greece, in 2024 it also began importing large wholesale consignments from Denmark, Slovakia, and Turkey.
“All fuels produced by such powerful companies as Orlen, HELLENiQ ENERGY, Marathon Petroleum Company and others have the appropriate certificates and, due to their optimal characteristics, are guaranteed to preserve engine life. We invite you to visit Ukrnafta filling stations and guarantee that your car will be satisfied with our quality,” the statement says.
“Ukrnafta is the largest oil company in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation. The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.
The construction of an overpass at the intersection of Bohatyrska and Polyarna streets in Kyiv is scheduled to be completed in September and traffic will be opened in May, Mayor Vitali Klitschko said.
“Work on the construction of an overpass at the intersection of Bohatyrska and Polyarna streets continues around the clock, seven days a week,” Klitschko wrote in his telegram channel.
Klitschko noted that it is planned to open traffic by May.
And it is planned to complete all the work on the site and fully open the traffic with exits by September this year, the mayor said.
