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FRANKFURT, Germany (AP) — For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. That time has now come, putting the price cap to its most serious test so far and underlining its weaknesses. But most of that, economists say, stems from Europe's ban on Russian oil, which cost Moscow its main customer. They're accused of carrying Russian oil priced at $75 and $80 per barrel while relying on U.S.-connected service providers. “The price cap is working,” says Nataliia Shapoval, vice president for policy research at the Kyiv school.

Persons: —, Benjamin Hilgenstock, Vladimir Putin, ” Hilgenstock, P Global Platts, It's, They're, “, ”, Viktor Katona, haven't, Alexander Novak, Putin, Novak, Europe —, Craig Kennedy, doesn't, Nataliia Shapoval, Shapoval, Josh Boak Organizations: Kyiv School of Economics, International Monetary Fund, U.S . Treasury Department, Stanford University, ”, Russia ”, Research, Energy, Clean, P Global, Russia, U.S . Treasury, United Arab Emirates, Treasury, Radio Business, Harvard’s Davis Center for Russian, Studies, Kyiv, Stanford, Tanker Locations: FRANKFURT, Germany, Ukraine, Israel, Russia, Ukrainian, U.S, Moscow, Helsinki, Saudi Arabia, Europe, Kozmino, Turkey, India, Russian, Asia, Washington, russia, ukraine

☆ A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +8 min

For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. That time has now come, putting the price cap to its most serious test so far and underlining its weaknesses. But most of that, economists say, stems from Europe's ban on Russian oil, which cost Moscow its main customer. The U.K. Treasury says it is "actively undertaking a number of investigations into suspected breaches of the oil price cap." "And there's a reason why the shippers haven't really complained or haven't flagged any issues with the oil price cap — because it's very easily circumvented."

Persons: —, Hilgenstock, P Global Platts, It's, Benjamin Hilgenstock, Vladimir Putin, They're, Viktor Katona, haven't, Alexander Novak, Putin, Novak, Europe —, Craig Kennedy, doesn't, Nataliia Shapoval, Shapoval Organizations: Salym Petroleum, U.S . Treasury Department, Stanford University, Research, Energy, Clean, P Global, Kyiv School of Economics, International Monetary Fund, Russia, U.S . Treasury, United Arab Emirates, Treasury, Radio Business, Harvard's Davis Center for Russian, Studies, Kyiv, Stanford, Tanker Locations: Salym, Russia, Ukraine, Israel, U.S, Moscow, Helsinki, Saudi Arabia, Ukrainian, Europe, Kozmino, Turkey, India, Russian, Asia

☆ Russia's crude price exceeds G7 price cap as market braces for supply crunch
▼ + stars: | 2023-07-14 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Spot prices of Russia's crude oil this week surpassed the $60-per-barrel threshold of the Group of Seven's oil price cap scheme, as Moscow and Riyadh tighten supplies. The G7 introduced its oil price cap mechanism on Dec. 5 to retain Russian flows in the market while also limiting revenue for the Kremlin's war coffers. Under the G7 scheme, Western shipping and insurance providers can offer services to non-G7 buyers of Russian crude if the crude oil is acquired at a price below $60 per barrel. Spot assessments from commodities pricing agency Argus show that Urals prices on July 12 reached $60.18 and $60.78 per barrel for Primorsk and Novorossiysk-loaded cargoes, respectively. S&P Global Platts meanwhile valued Primorsk cargoes at $60.32 per barrel on July 11 and Novorossiysk Urals crude at $60.26 per barrel on July 12.

Persons: P Global Platts, —, Giovanni Staunovo, they're, David Fyfe Organizations: Argus, P Global, CNBC, Ice Brent, of, Petroleum, International Energy Agency, UBS, P, Commodity Insights Locations: Moscow, Riyadh, Ust, Luga, Novorossiysk, —, Libya, OPEC, Saudi Arabia, Russia, Turkey, Iraq, Lower U.S

☆ In change for oil market, new US crude in Brent index lacks loading plan
▼ + stars: | 2023-04-28 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

Oil-index publisher S&P Global Platts is adding U.S. WTI Midland crude to its dated Brent oil price assessment for June deliveries, which is now in focus as the market trades roughly a month ahead. Dated Brent is part of the wider Brent complex including physical cargoes, swaps and futures that is used to price millions of barrels of oil each day. The companies that run the North Sea crude streams, known as the operator, issue planned cargo loading lists which the industry monitors as an indication of supply. "We see no reason for issues," said Joel Hanley, global director, crude and fuel oil, at S&P Global Commodity Insights. Thomson Reuters competes with S&P Global Platts in providing news and data about the oil market.

☆ CNBC Daily Open: Oil is the Fed’s new headache
▼ + stars: | 2023-04-04 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

I'm sitting in for the rest of this week for Yeo Boon Ping, who is on leave. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Federal Reserve has a new headache: oil prices. As oil prices maintain higher levels, analysts warned the move could push oil back above $100, a level it reached last year for the first time in 2014 after Russia invaded Ukraine.

☆ CNBC Daily Open: Oil is the Fed’s new problem
▼ + stars: | 2023-04-04 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

I'm sitting in for the rest of this week for Yeo Boon Ping, who is on leave. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Today, the Reserve Bank of Australia held its interest rates steady for the first time since April last year. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ OPEC+ oil production cut signals loss of U.S. influence on core producers, analyst says
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC+ oil production cut signals loss of U.S. influence on core producers, analyst saysAndrew Critchlow, head of news for Europe, the Middle East and Africa at S&P Global Platts, says the decision represents a "big failure in terms of U.S. foreign policy in the Middle East."

☆ Analysis: Russian sanctions shift oil price-making power to Asia from Europe
▼ + stars: | 2023-03-14 | by ( Alex Lawler | ) www.reuters.com time to read: +6 min

Western Sanctions have led Russia to sell more than twice as much crude to Asia in the year to January, according to Kpler data. Iran, under U.S. sanctions, has boosted exports to the highest in three years on some estimates, with China the biggest buyer. Hardeep Singh Puri, India's oil minister, said in early February the country will keep buying from Russia if prices "continue to be good". EUROPE LOSES SUPPLY SOURCEIndia was among those to have complained about the Asian premium they paid to the big exporters. "These normal sorts of patterns of Asian premium or discount don't really apply," he said.

Unlike rivals Anglo American (AAL.L) and Rio Tinto (RIO.AX), (RIO.L), London-listed Glencore is still mining coal. Activist investor Bluebell Capital Partners last year argued that Glencore should spin off the coal division, following in the steps of Anglo American. His plan is to hang on to coal and keep annual production steady at around 110 million tonnes up to 2025. Over the longer term, he’ll then start shutting coal mines, with at least a dozen closures planned before 2035. EBITDA from Glencore’s coal operations rose to $17.9 billion from $5.2 billion the previous year due to increasing prices.

First Abu Dhabi Bank (FAB) (FAB.AD), the $50 billion Gulf lender that the brother of the United Arab Emirates’ president chairs, last week said it had considered a bid for the $23 billion UK-listed bank. Half its revenues come from Hong Kong, China and other Asian countries, where much of Abu Dhabi’s oil goes. StanChart’s commodities trading strength fits with Abu Dhabi’s keenness to become an energy trading hub. CONTEXT NEWSFirst Abu Dhabi Bank (FAB) on Jan. 5 said it had considered a bid for London-listed Standard Chartered but was no longer doing so. The Abu Dhabi lender said it had been in "the very early stages of evaluating a possible offer".

It’s the start of a class known as high-intensity interval training, a combination of treadmill and weight-lifting, at the boutique fitness studio Barry’s. The brothers and Rondeau, who now serves as Planet Fitness’ chief executive, hit upon a concept. Planet Fitness’ tag, “judgement free zone” is true to form. Part of the appeal is its $10 a month basic membership fee – which hasn’t changed – that Planet Fitness primarily collects through electronic funds transfers. Still, with solid and regular profits and a reasonable amount of debt, Planet Fitness has staying power, even if shareholders lose their shirts while its valuation comes in line.

Separately, Apple may allow other companies to set up app marketplaces on its iPhone, Bloomberg reported. But that won’t trouble Amazon much: private-label sales were 1% of its total, founder Jeff Bezos told the Congress in 2020. Any offer from Apple to allow competing app stores carries a similar risk. Chief Executive Tim Cook could conceivably try the same trick with third-party iPhone app stores, for example by making users plug their device into a computer. These include allowing app stores operated by third parties on its iPhone, according to the report.

As the cost of signing up new customers rises, “lifetime value” is set to become must-use jargon for technology executives, investors and analysts in 2023. The concept of lifetime value is not new, but a common definition remains elusive. The problem is that everyone seems to have a different definition of lifetime value. But lifetime value isn’t a silver bullet, as Gurley noted a decade ago. As with previous buzzwords, investors may find that references to lifetime value do more to confound than clarify.

LONDON, Dec 27 (Reuters Breakingviews) - One of China’s biggest exports in 2023 will be its social e-commerce phenomenon. There’s early evidence that selling goods over live social networking works beyond the People’s Republic. Live online shopping revenue will help offset shrinking marketing budgets. By contrast, consultancy McKinsey projects U.S. social media e-commerce sales will increase 20% annually over the same span, to $80 billion. Such anecdotes are what will make e-commerce go viral on Western social media.

A sour mixture of manufacturing hiccups, Chinese Covid lockdowns and other issues have watered down Oatly’s once-heady growth rates. On that basis, the company could exhaust its $116 million cash pile early next year. Petersson has announced layoffs and other cost-cutting measures, which he hopes will save $50 million in annual terms. And even if he finds a manufacturing partner soon, it’s unlikely to stop the company burning cash. That leaves Petersson two options: sell the company, or raise cash.

Web Summit, the sector’s annual bash held in Lisbon, is doing the opposite. And the usual welter of tech companies, investors and celebrities are still milling around. That new strain of reality-based tech investing has a lot further to go, though. The relative lack of investor focus at Web Summit on new technologies that could really move the dial, such as ways to ease climate change, is striking. The sector, Smith told Breakingviews, will increasingly “influence what people talk about and who comes to Web Summit”.

LONDON, Oct 7 (Reuters Breakingviews) - For Masayoshi Son the biggest question is not where to list Arm, but when. Son is leaning towards listing Arm in the United States, home of big tech companies like Apple (AAPL.O) and Tesla (TSLA.O). One option would be for Arm to list in London while offering American Depositary Receipts to U.S. investors. Take a selection of U.S. and European chip companies which play different roles across the supply chain: Nvidia, Advanced Micro Devices , Intel (INTC.O), Rambus (RMBS.O) and ASML (ASML.AS). Son said there were also requests to list Arm in London without elaborating on where they came from.

Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia. Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia, particularly as Biden hinted Congress would soon seek to rein in the Middle East-dominated group's influence over energy prices. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by 2 million barrels per day from November. "In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices," the White House said. While the group likes to say they keep politics out of their decisions, there's no denying that there are potential ramifications to this beyond the oil price.

LONDON, Sept 13 (Reuters Breakingviews) - Rio Tinto’s (RIO.L), (RIO.AX) increasingly epic minority buyout saga may have a bit further to run. Rio only needs a simple majority of Turquoise’s minorities to simplify its Mongolian operations by controlling Turquoise outright. Rio can point to recessionary fears that have dampened the copper price to $3.7 a pound of late, and the project’s ongoing and significant investment requirements. Copper price graphicFollow @karenkkwok on Twitter(The author is a Reuters Breakingviews columnist. This is a “fraction” of the free cash flow Pentwater expects Turquoise Hill to generate over the next 10 years.

461/2001 privind piața produselor petroliere, prețurile la produsele petroliere se formează în conformitate cu Metodologia formării și aplicării prețurilor la produsele petroliere (Art.4 (1)). Astfel, Prețul la Produsele Petroliere se formează din: costul produselor petroliere procurate, cheltuielile de distribuire, cheltuielile administrative, alte cheltuieli din activitatea operațională și cheltuieli financiare. Contrar mesajelor difuzate, prețul barilului Brent nu influențează direct formarea prețului la produsele petroliere Benzina și Motorină. Prețul la produsele petroliere în regiuneUn alt argument des folosit de comentatorii prețurilor la produsele petroliere este comparația cu alte state și creșterea/scăderea prețurilor în comparație cu acele state. Astfel notăm ca prețurile la produsele petroliere în Republica Moldova sunt printre cele mai mici în Europa, iar țările care afișează prețuri mai mici, dispun de rafinării, pe când Republica Moldova importa 100% din produsele petroliere utilizate.

Organizations: Agenția Națională Locations: Republicii Moldova, Romania, TM, Republica Moldova, Moldova, Europa

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