Oil prices are rising on Monday after a significant decline last week.
The cost of February futures for Brent on the London ICE Futures exchange as of 7:25 a.m. is $72.2 per barrel, which is $0.36 (0.5%) higher than at the close of the previous trading. On Friday, these contracts fell by $0.94 (1.3%) to $71.84 per barrel.
January futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.37 (0.54%) to $68.37 per barrel. At the end of the previous session, the value of these contracts decreased by $0.72 (1.1%) to $68 per barrel.
Last week, Brent fell by 3%, WTI – by 4.6%.
On Monday, the market was supported by positive statistics from China published last weekend.
The Purchasing Managers’ Index (PMI) in China’s manufacturing industry increased to 50.3 points in November from 50.1 points a month earlier, according to the country’s State Statistical Office (SSO). Thus, the indicator reached a seven-month high. A PMI reading above 50 points indicates an increase in activity in the industrial sector, while a reading below 50 points indicates a decline. The indicator has been above this level for two months.
Traders’ attention is now focused on the OPEC+ Ministerial Monitoring Committee meeting and the ministerial meeting, which were postponed from December 1 to December 5. The reason for the postponement was the participation of several ministers in the Kuwaiti summit.
Earlier, Bloomberg reported that the key OPEC+ countries have begun discussions about a possible further postponement of the oil production increase scheduled for January. According to the agency, the countries doubt that the market situation allows them to increase production in January and may postpone these plans for several months.
Ukrainian athlete Yaroslava Maguchikh has been named the World Athlete of the Year in the category of female athletes competing in non-running disciplines, the National Olympic Committee (NOC) has announced.
“This year was a special one for Yaroslava: she became an Olympic champion; set a world record in the high jump (2.10 m); became a European champion; won the Diamond League final,” the NOC wrote in a telegram.
Jaroslawa Maguchikh has already won the award for the world’s best athlete in the Rising Star category.
This year’s award ceremony took place in Monaco.
Number of refugees from Ukraine in selected countries as of 31.08.2024
Open4Business.com.ua
Population structure of Ukraine (data from Ukrainian institute of future)
Open4Business.com.ua
Rush LLC, the owner of the EVA network in Ukraine, will allocate UAH 179.1 million of its net profit for the third quarter of 2024 to pay dividends.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the sole member of the LLC made the decision on November 28.
Thus, the distribution of 50% of the net profit received in the third quarter of 2024 – UAH 179.1 million out of the total profit of UAH 358.3 million – was approved for the payment of dividends. Dividends will be paid no later than six months after the decision is made.
Earlier, in September, the company allocated UAH 133.8 million of its net profit for the second quarter of this year to pay dividends, and in July – UAH 148.8 million of its profit for the first quarter.
Rusch LLC, which manages the EVA network, was founded in 2002. As of June 31, 2024, the chain had 1080 operating stores.
According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.
At the end of 2023, the company’s revenue increased by 33.7% to UAH 21 billion compared to 2022, net profit by 26% to UAH 2.2 billion, and asset value by 45.2% to UAH 15.03 billion. In 2023, EVA paid UAH 2.02 billion in taxes and fees to the budgets of all levels.
SE Guaranteed Buyer has determined the winner of this year’s second auction for the allocation of quotas to support the construction of renewable energy facilities (“green” auctions), which offered 11 MW of alternative energy sources other than solar and wind energy. According to the website of Guaranteed Buyer, the bidder with the lowest price offer of 11.1 euro cents per 1 kWh, who intends to sell a 900 kW hydropower facility (the maximum price is 12 euro cents/kWh), won the auction.
Earlier, Energoreforma reported that Waterstrum LLC with an offer of 900 kW at a price of 11.1 euro cents/kWh and Liga. Ltd. with an offer of 999 kW at a price of 11.9 euro cents/kWh. Both companies, one of whose activities is electricity production, are registered in Lviv region and intended to build hydropower facilities.
In this regard, Guaranteed Buyer clarified that, in accordance with the law, a mandatory condition for holding an auction is to ensure competition, and the amount of capacity for which its participants are entitled to support cannot exceed 80% of the total capacity offered by all participants. Thus, the total quota for distribution at this auction amounted to 1519.20 kW.
As Guaranteed Buyer explains, under the terms of the auction, the second participant has the right to accept the remaining part of the quota (approximately 600 kW of electricity) or to withdraw from the winner’s status without losing the bank guarantee, but not earlier than 30 business days from the date of the auction. As reported, the first-ever green auction of Guaranteed Buyer for the distribution of 11 MW of solar power plants on October 31 did not take place due to the lack of participants.
On November 14, a second auction was held for 11 MW of other types of RES (small hydropower plants, bioenergy), and a third auction is scheduled for November 29, the last one within the 110 MW of new RES capacity allocated for the year. The auction will include 88 MW of wind power.
