Oil prices are rising on Monday morning.
The cost of July futures for Brent on the London ICE Futures exchange as of 8:08 a.m. is $82.32 per barrel, which is $0.2 (0.24%) higher than at the close of the previous trading. On Friday, these contracts rose by $0.76 (0.9%) to $82.12 per barrel.
Futures for WTI for July in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.28 (0.36%) to $78 per barrel. At the end of the previous session, the value of these contracts increased by $0.85 (1.1%) to $77.72 per barrel.
Last week, the international benchmark lost 2.2%, while the North American benchmark lost 2.3%.
The pressure on the quotes was exerted by fears that the US Federal Reserve will keep interest rates high for longer than expected, which would be a threat to demand in the event of a sharp economic slowdown.
This week, the latest value of the PCE index, the US central bank’s preferred inflation indicator, will be released. This data may affect its future policy.
In addition, on Sunday, the market is looking forward to the OPEC+ meeting, where leading oil producers are expected to extend production cuts until the end of the year.
Port changes in % to previous period in 2023-2024
Source: Open4Business.com.ua and experts.news
On Monday, the electricity consumption limits in Kyiv will be enough to cover 81% of the capital’s needs, DTEK said in an update on stabilization blackouts for May 27.
“Kyiv, Kyiv region, Odesa, Donetsk, and Dnipro regions: as instructed by Ukrenergo, the outage schedules will be in effect from 06:00 to 24:00,” the company said in a statement posted on its Telegram channel.
It also emphasizes: “Kyiv. The limits set by Ukrenergo will be enough for an average of 81% of the capital’s needs.”
As reported earlier, on Monday, May 27, blackout schedules will be reintroduced for household and industrial consumers in all regions of Ukraine.
ADONIS Medical Group has launched corporate rehabilitation programs for demobilized employees of companies.
According to the medical group’s press release, ADONIS rehabilitation programs include a wide range of services to restore the physical, psychological and social status of patients.
Specifically, the program includes preparation for prosthetics and rehabilitation after prosthetic fitting, rehabilitation after gunshot wounds, shrapnel fractures of bones, burn injuries, including skin repair, and restoration of movement amplitude for contractures to maximize mobility after injuries.
“Initiatives like this not only contribute to the physical recovery of military personnel, but also impact their overall well-being and integration into active life. Companies like MHP set an example of civic responsibility and caring for their employees,” the medical group reported.
At the same time, ADONIS noted that it is ready to “cooperate with other corporations that value their employees and want to help them during this important period.”
“The return of servicemen to peaceful life is a difficult journey that requires not only physical recovery, but also psychological and social support. We develop programs taking into account the requests of companies,” ADONIS emphasized.
ADONIS is a network of private medical centers for adults and children. ADONIS private clinic was founded more than 25 years ago. Its network includes seven branches in Kiev and the region, including a rehabilitation center and a stem cell laboratory. Doctors at the clinic’s branches provide treatment in 65 medical fields. Under war conditions, ADONIS branches with surgical units provide quality medical care to military and civilians.
Business disruption is a serious threat to food and beverage companies, according to the Global Food and Beverage Risk Outlook 2024 by global consulting and brokerage firm WTW.
According to its website, nearly half (48%) of food and beverage companies cited business interruption as the biggest internal risk to their success.
This was followed by supply chain risk, cited by 40% of companies. Managing turbulence and potential disruption has become standard practice in the food and beverage sector, aided by global instability, conflict, climate change and the cost of living crisis. As a result, companies are cautious about their future.
More than 41% of food and beverage companies cited improving liquidity as the top strategic goal for the next two years, ensuring they have the financial resources to weather further shocks. Other key priorities include cost reduction, which 38% of companies focus on, and business stabilization (a goal for 35% of companies).
In addition, companies are increasingly questioning their ability to keep up with rapidly changing consumer tastes and preferences: 36% see this as a risk. However, this challenge also represents an area of opportunity, as companies can capitalize on the latest consumer trends.
Despite the challenges, food and beverage companies are actively working to improve resilience. Nearly half (47%) review their business continuity plans every six months and 31% do so quarterly.
However, more than a quarter 29% of these businesses reported that their insurance policies only cover property damage in the event of extreme weather, not including business interruption coverage, which is necessary for recovery and resilience.
The National Bank of Ukraine (NBU) on May 23 announced a tender for voluntary medical insurance of employees with an expected cost of UAH 18.709m for the purchase of the service, according to the Prozorro e-procurement system.
Applications for participation are accepted until 12.00 on May 31.
Tender security 561,275 thousand UAH.
As reported, the winner of a similar tender for VHI announced by “Ukrnafta” on May 25, 2023 with the expected cost of procurement of services of 12.048 million UAH was SG “TAS” with a proposal of 10.819 million UAH, in connection with which July 7 with it was concluded a contract for VHI.
