Oil prices are falling on Wednesday after climbing the previous day to highs since mid-April.
The market’s decline on Wednesday is supported by data from the American Petroleum Institute (API), which showed an increase in U.S. inventories last week. Reserves rose by 1.319 million barrels after declining by 797,000 barrels a week earlier, API said.
The cost of September Brent crude futures on the London-based ICE Futures exchange at 8:05 a.m. Wednesday stands at $83.19 per barrel, down $0.45 (0.54%) from the previous session’s closing price. On Tuesday, these contracts rose $0.9 (1.1%) to $83.64 per barrel, the highest since April 18.
The price of WTI crude oil futures for September at the electronic trading of the New York Mercantile Exchange (NYMEX) fell by $0.46 (0.58%) to $79.17 per barrel. At the end of previous trading, the cost of these contracts rose by $0.89 (1.1%), to $79.63 per barrel, which is also the highest value since April 18.
Official data on energy reserves in the U.S. for the week ending July 21, will be released by the Department of Energy at 17:30 Q. Experts surveyed by S & P Global Commodity Insights, on average, predict a decline in oil reserves by 4.4 million barrels, gasoline – by 2 million barrels, distillates – by 2.3 million barrels.
On the eve it became known that the Chinese authorities intend to stimulate consumption, including the purchase of cars and electronics, as well as demand for services, including sports, tourism and recreation.
“The situation in China is very important for the global growth in oil demand this year, and traders had concerns about the weaker-than-expected recovery of the country’s economy, – said in a review of ING, quoted by Market Watch. – Signals of new stimulus help to reduce these concerns”.
Medical laboratory “Dila” (Kiev) has opened 18 departments since the beginning of 2023.
Oleksiy Babich, CEO of Dila Medical Laboratory, told Interfax-Ukraine news agency that 29 new departments were opened in 2021 and more than 40 in 2022.
“Most of the branches were opened in western regions and large cities under the updated franchise program, where not only the formats of partner branches have changed, but also approaches to business in general,” he said.
At the same time, Babich noted that in the first quarter of 2023, the number of operating branches of Dila Laboratories increased by about 1-2% largely due to the reopening of branches that were closed due to military operations.
“The second quarter demonstrates market activation, on average the increase reached 2-3%, but already more due to the opening of new branches. We observe active development of the market precisely due to the opening of franchise outlets,” he said.
In general, according to the company, the market of laboratory diagnostics in the first quarter of 2023 compared to the fourth quarter of 2022 grew by about 20-25%, in the second quarter the market growth rate slightly decreased – to about 5%, which is due to the seasonal decline in demand.
“Analyzing the market situation, still we see positive dynamics from quarter to quarter. Diversification of risks, search for new markets for development, restarting business in new locations, ensuring a decent salary level are the main challenges of the last year and a half. However, the laboratory diagnostics market continues to develop,” Babich said.
According to him, regional chains are strengthening their place in the overall market and are serious players. “They are leading in local markets and are gradually covering other regions,” he said.
At the same time, commenting on price trends, Babich noted the dependence of the purchase price of reagents and consumables on the exchange rate.
“Increased activity in the market, marketing, investments in new products and most importantly – the increase in employee salaries directly affect the price growth. From the beginning of the fall of 2022 we see an increase in the market price, and from 2023 there is a point adjustment of prices, on average by 5-7%,” he said.
2022-2024 goods trade balance forecast (USD bln)
Source: Open4Business.com.ua and experts.news
In an unstable economy, bank confidence remains an important component of doing business in Ukraine. OTP Leasing remains a reliable partner of Prometey.
The acquisition of freight transport through the leasing program from OTP Bank allowed the company to receive long-term investments in difficult military times.
As Andriy Pavlushin, CEO of OTP Leasing, explains: “Today we have 2.5 thousand customers. It is clear that first of all we try to support them and cooperate with them. A good example is the Prometey company. It has many elevators across the country. And when the company decided to increase the number of trucks, we helped them do it. And now this synergy pays off well – Prometey accepts grain at its elevators and has the opportunity to export it.”
As a financial institution, OTP Leasing faces different cases of payments. According to Andriy Pavlushyn, “in any case, one of the main factors is the integrity of the client. For example, we have not had any problems with Prometey, they pay for leasing on time.”
In the near future, Prometey plans to expand its grain carrier fleet to 100 vehicles.
JSC “Ukrzaliznytsia” (UZ) from July 26 as part of the fight against overbuyers and will sell tickets for five night trains to / from Chelm and Peremyshl (Poland) exclusively online, while you can change them only at the cash desk, reported the press service of UZ in the telegram channel on Tuesday evening.
It is specified that we are talking about trains №23/24 and 19/20 Kyiv-Khelm, 93/94 Kharkiv-Khelm, 36/35 Odessa-Peremyshl, 32/31 Zaporizhzhya-Peremyshl and №67/68 Kyiv-Warsaw.
As for “Intercity+” trains #705/706, #715/716 Kyiv-Peremyshl and #351K/351L Kyiv-Kishinev, tickets for which can also be bought only online, the possibility of their online delivery is preserved.
In UZ noted that tickets for trains #749/149 Kyiv-Vienna, #140/149 Chop-Vienna, #961/962, 963/964 Mukachevo-Koshice, #31, 33/34 Mukachevo-Budapest are realized and returned through ticket offices, as the integration with partner railroads of these countries is still ongoing.
In addition, UZ said that all international flights from July 26 will have a sales depth of 20 days: sales for the most hype train #67/68 Kiev-Warsaw will start daily at 9:00, for all other destinations – daily at 8:00.
In addition, according to the new rules, “seats returned by passengers more than a day before the departure of the train are returned to the sale at 10:00 a.m. two days before departure”, while the seats surrendered by passengers on the day of departure are returned to the open sale within 30 minutes from the moment of ticket return.
Ukraine to receive USD244m from donor countries to purchase special equipment for humanitarian demining, Ukraine’s first deputy prime minister and economy minister Yuliya Sviridenko has said.
A number of donor countries will provide Ukraine with USD244m to purchase special equipment for humanitarian demining, Ukraine’s First Deputy Prime Minister and Economy Minister Yuliya Sviridenko has said.
“Our donors, including the United States, the European Union, Japan, Germany, the United Kingdom, Norway, Sweden, Italy, Lithuania, the Netherlands, Denmark, Canada, Austria, Switzerland, Korea and the Howard Buffett Foundation will total more than USD244 million to Ukraine for humanitarian demining,” she wrote on Facebook.
According to the First Deputy Prime Minister, by the end of the year Ukraine should receive equipment from foreign partners, in particular, 10 demining vehicles from the Croatian company DOK-ING and another 10 vehicles from Global Clearance Solutions. It is expected to receive about 200 pyrotechnic machines, more than 600 metal detectors, 50 explosive machines, as well as individual demining kits, explosion-proof suits, quadrocopters, robotic systems for munitions clearance.
As reported, more than one third of agricultural land identified for priority demining has been surveyed in Ukraine. According to the State Emergency Situations Service, more than 411,000 explosive objects, including more than 3,000 aircraft bombs, have been neutralized on the territory of Ukraine since the beginning of Russia’s large-scale military invasion.
