Oil prices are declining on Monday morning after rising by more than 6% last week.
The cost of April futures for Brent on the London ICE Futures exchange as of 7:11 a.m. is $81.85 per barrel, which is $0.34 (0.41%) lower than at the close of the previous trading. On Friday, these contracts rose by $0.56 (0.7%) to $82.19 per barrel.
March futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) have fallen by $0.34 (0.44%) to $76.5 per barrel by this time. As a result of previous trading, the value of these contracts increased by $0.62 (0.8%) to $76.84 per barrel.
Trading Economics suggests that the market is undergoing a technical correction. Both Brent and WTI rose by 6.3% last week amid tensions in the Middle East, where the conflict between Israel and Hamas continues. In addition, the US military launched a series of strikes against Yemeni Houthi positions.
At the same time, the number of oil and gas drilling rigs in the United States as of February 9 reached its highest level since mid-December, rising to 623 from 619 over the week, according to Baker Hughes.
Finland is sending the 22nd military aid package worth up to €190 million and is preparing a long-term plan to support Ukraine, the Finnish government’s press service reports.
“Finland is sending more defense equipment to Ukraine. The President of the Republic made a decision on this issue on February 9, 2024, on the proposal of the government. This is the 22nd consignment of military aid from Finland to Ukraine,” the Finnish government said in a statement on its official website on Friday.
As noted, the total cost of the package will be approximately 190 million euros. This package includes equipment and products made in Finland, while “separate funding of 30 million euros will be allocated to support Ukraine.”
“At the national level and more broadly, we need to find new ways to support Ukraine in the long term. We are currently preparing a long-term plan to support Ukraine,” Finnish Defense Minister Antti Hakkanen said, as quoted by the press service. According to him, the Finnish industry has a lot of know-how, “and we are working to ensure that this know-how and potential can be used more effectively in supporting Ukraine. One example of this is our domestic ammunition production.”
It is also reported that Finland has decided to participate in the artillery and demining coalitions operating within the framework of the Contact Group for the Defense of Ukraine, a group that coordinates assistance to Ukraine in the field of armaments.
“We are grateful to Finland for its continued support,” the Ukrainian Defense Ministry said in a post on social media platform X.
Population structure of Ukraine (data from ukrainian institute of future)
Source: Open4Business.com.ua and experts.news
Japan plans to donate 15.8 billion yen (about $106 million) to Ukraine for the country’s post-war reconstruction, particularly in the areas of demining, agriculture, bio- and information technology, Kyodo News reports.
“Japan will pledge 15.8 billion yen ($106 million) to help rebuild Ukraine after war damage in seven areas, such as infrastructure reconstruction and demining,” the agency wrote on Sunday, citing sources familiar with the situation.
It is expected that “at the Japan-Ukraine Conference on Promoting Economic Reconstruction to be held on February 19 in Tokyo, the two governments will agree on Japan’s participation in the post-war reconstruction of Ukraine and sign more than 10 memorandums of cooperation.”
The conference will be attended by the prime ministers of the two countries, Fumio Kishida and Denys Shmyhal, as well as representatives of industry and business.
According to the agency, the aid “will be used to provide demining equipment and temporary bridges, as well as other resources urgently needed to help rebuild the war-torn country… The seven areas of cooperation also include agriculture, humanitarian relief, biotechnology and industrial development, information technology, as well as governance and anti-corruption measures.”
A new military support package from the Lithuanian Ministry of National Defense arrived in Ukraine on February 9.
As reported on the Lithuanian defense ministry’s website on Friday, it includes the necessary equipment for the winter season and tens of thousands of sets of warm clothing for the Ukrainian army.
“We are providing tens of thousands of Ukrainian soldiers with equipment and clothing that are essential for outdoor operations in the cold season. Each of our support packages is an additional step towards victory,” said Arvydas Anušauskas, Minister of National Defense of Lithuania.
Number of dead and wounded civilians in Ukraine from 24.02.2022 till 05.12.2023 un data
Source: Open4Business.com.ua and experts.news
