Oil prices are rising in trading Tuesday morning.
The value of May futures for Brent on London’s ICE Futures Exchange stands at $86.42 a barrel by 7:05 a.m., $0.24 (0.28%) above the previous session’s closing price. Those contracts rose $0.35 (0.4%) to $86.18 a barrel on Monday.
The price of WTI April futures grew by $0.21 (0.26%) to $80.67 per barrel at electronic trades of NYMEX by that time. At the end of previous session the contracts value grew by $0.78 (1%) up to $80.46 per barrel.
The oil market was declining for most of the day on Monday amid weaker than investors expected forecast of the Chinese authorities on the economic growth in the country in 2023, however closer to the end of trading turned to the growth.
The statement of the general director of American Pioneer Natural Resources Co. Scott Sheffield, CEO of U.S. Pioneer Natural Resources Co. said that shale oil and gas production in the Permian Basin will reach its peak level in five to six years. That’s because the best areas of the field for drilling and production are depleted, Sheffield told Bloomberg during a CERAWeek event in Houston.
Mizuho Securities USA analyst Robert Yager drew investors’ attention to Saudi state company Saudi Aramco’s price hike for European and Asian buyers for almost all grades of oil in April. “The price of the main oil grade supplied to Asia increased for the second month in a row, indicating expectations of increased demand in that region,” Yager said.
Turkey’s opposition bloc has nominated Kemal Kılıçdaroğlu, head of the Republican People’s Party, as a candidate in the upcoming presidential election, the Sabah newspaper reported Monday.
According to it, the six parties of the opposition bloc made a statement to this effect after a meeting in Ankara.
In turn, Al-Monitor reported that the leader of the Happiness Party, Temel Karamollaoğlu, announced the candidacy on behalf of the entire opposition bloc.
Earlier on Monday, thousands of opposition supporters gathered outside the headquarters of the “Party of Happiness” to find out who will run in the elections from the opposition.
“Sabah” notes that Turkey’s Good Party leader Meral Akshener, who announced last week that she was leaving the opposition bloc, has rejoined it and also attended a meeting in the Turkish capital. Akshener left the bloc over disagreement over a presidential candidate.
In January, Turkish leader Recep Tayyip Erdogan announced that presidential and parliamentary elections would be held in Turkey on May 14.
The elections were originally scheduled for June 18, but Erdogan has repeatedly stated that the vote could take place earlier. His party has pointed out that the elections in June will coincide with the peak of the tourist season, so it would be better to postpone them.
Pre-election polls show that the battle in both the presidential and parliamentary elections will be fierce.
Western media call the upcoming elections “the biggest test” for Erdoğan in the last 20 years.
The number of victims of earthquakes that occurred in early February in the southeast of Turkey, exceeded the mark of 46 thousand people in this country, said Turkish President Recep Tayyip Erdogan.
“The number of victims of earthquakes in southeastern Turkey has reached 46,104,” he was quoted as saying by Anadolu Agency. Last week Ankara reported about 46 thousand dead, but at that time the issue was about data from two countries: Turkey and Syria.
According to Erdogan, the construction of 488 thousand new houses in the areas affected by earthquakes is planned.
The earthquake of magnitude 7.7 occurred in Turkey on the night of February 6, followed by a series of aftershocks, one of which had a magnitude of 7.6. These tremors caused serious damage and casualties in neighboring Syria as well.
OVL Properties LLC (Kyiv), created in January 2023, has bought the logistics complex Arktika in village Kryukivschyna (Kyiv region) for 200.5 million UAH at an auction in OpenMarket system (SE “Setam”).
According to the data in the OpenMarket system, a single property complex with a total area of 21.4 thousand square meters and a land plot of 4.9 hectares were under arrest and were put up for sale to recover debts from its owner.
According to the court materials, the owner of the complex BCT (Kiev) is debtor Dragon Capital Investments Limited (Cyprus), the amount of obligations is $7.2 million (UAH 190.1 million).
Dragon Capital Investments LLC and Inter Wei Capital LLC also took part in the auction on January 26.
According to Opendatabot, the founder of LLC “OVL Property” created a week before the auction is Elena Levshun.
As reported, in February 2019, Dragon Capital completed the acquisition of the Class A logistics complex “Arctic” owned by the state-owned Oschadbank with a total area of 21.5 thousand square meters near Kiev through its subsidiary “BCT”. Oschadbank sold “Arctic” in November 2018 on the electronic bidding platform OpenMarket state enterprise SETAM for 195 million UAH.
Later in 2021, Ukrainian businessman Yuri Kosyuk’s MHP agroholding rented a logistics center and opened its own Culinary Center there
Dragon Capital is one of the largest investment and financial services groups in Ukraine, providing a full range of investment banking and brokerage services, private equity, asset management for institutional, corporate and private clients. The company was founded in 2000 in Kiev. One of the key activities of Dragon Capital are investments in the real estate market.
The number of employees in the top 50 IT-companies in the period from August 2022 to January 2023 decreased by 5.3% to 92.4 thousand due to relocation in foreign offices of companies and legalization abroad, such research results were published on the DOU website on Monday.
According to him, most companies have up to 25% of their Ukrainian team members abroad.
“As the companies explained, the reduction, with some exceptions, does not mean a reduction in the number of specialists in the company. The IT specialists moved abroad to work in other offices of their own companies, they legalize there and stop paying taxes in Ukraine,” reads the text of the research.
Its authors recall that before the full-scale war, in January 2022, 50 largest IT-companies employed 100.3 thousand people, and in January 2021 – 76.3 thousand people.
It is noted that mostly companies began to actively legalize abroad it is technical specialists. If in the first half of 2022 the number of technical specialists was kept at the same level, in the second half there is a clear negative trend: minus 4.6 thousand specialists. The total number of technical specialists in the top 25 IT companies in January 2023 was 57.9 thousand compared to 62.5 thousand in January 2022.
In the five largest companies (Epam Ukraine, SoftServe, GlobalLogic Ukraine, EVOPLAY, Luxoft) the number of specialists decreased by 3.3 thousand in the second half of 2022, according to the study.
In particular, in company Epam Ukraine which occupies the first step in DOU rating, the number of working specialists decreased on 1260 persons in the first half-year of 2022 and 1225 in the second – to present 11,375 thousand persons (working in Ukraine or continuing to pay taxes in Ukraine even in case of moving abroad). The number of technical specialists of the company decreased by 9% to 10.4 thousand people. It is noted that some of the company’s specialists left Ukraine to escape the war and remain there. Jobs for EPAM in Ukraine today are few, because the need for specialists will be covered mainly through bench – internal specialists of the company, the material says.
The number of employees in Ukraine SoftServe (2nd place) decreased by 164 people in the first half of 2022 and by 1468 people in the second half – to 9.45 thousand people. The company has 22% fewer technicians (7,393). These changes are also explained by relocation: about 2 thousand SoftServe specialists moved abroad after the start of the full-scale invasion. Some of them returned, but many of them still stay abroad and now legalize in other locations of the company. Also, according to the DOU, there is some optimization going on, but not a massive one.
