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Oil prices hit nine-month low on recession fears
  + stars: | 2022-09-26 | by ( Noah Browning | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterModel of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/IllustrationLONDON, Sept 26 (Reuters) - Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. U.S. West Texas Intermediate (WTI) crude for November delivery dropped 74 cents, or 0.9%, to $78. Register now for FREE unlimited access to Reuters.com RegisterBoth contracts slumped by about 5% on Friday. The impact of a strong dollar on oil prices is at its most pronounced in more than a year, Refinitiv Eikon data shows.
Two Aveva shareholders plan to oppose Schneider takeover offer
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Scheider Electrics is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles PlatiauSept 23 (Reuters) - Canada-based Mawer Investment Management and M&G Investments, shareholders in Aveva Plc (AVV.L), intend to reject Schneider Electric's (SCHN.PA) 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer "opportunistic". Register now for FREE unlimited access to Reuters.com RegisterEarlier in the day, the Financial Times reported Mawer's plan to reject the offer. The statement resonates with another investor in Aveva, M&G Investments. "M&G is materially underwhelmed with the opportunistic 31-pound offer from Schneider for the remainder of Aveva, and we're disappointed that the Aveva board has recommended the bid to shareholders," Rory Alexander, fund manager, M&G Investments, said.
Register now for FREE unlimited access to Reuters.com Register"Russian Urals oil has always been a grade for Europe. It’s much easier for it to negotiate private deals than publicly commit to some price limitation dictated by the West," another trader involved in Russian oil trading told Reuters. Russia also supplies Europe with around 3.2 million tonnes of oil per month via the Druzhba pipeline. "Small players are definitely not enough for Russian oil to be absorbed. China is the last resort for the Russian oil or Moscow has to cut output eventually," a third trader involved in the Russian oil market said.
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. Such a move would signal a reversal in China's oil products export policy, add to global supplies and depress fuel prices. After a recent slide in benchmark Brent crude prices to below $100 a barrel, Chinese refiners have taken arbitrage opportunities to boost stockpiles, traders said, booking supertankers to haul crude oil to China from the Americas and Middle East. A second official with another state refinery said his plant is also planning about an 8% hike in throughput next month, but added that the plan had been driven by firmer domestic margins. A third state refinery expects to restart a 60,000-bpd crude unit next month after maintenance, one of the sources said.
Venezuela's oil ministry, PDVSA and Maroil did not reply to requests for comment. PETCOKE MOUNTAINSIn Jose, two heavy oil upgrading projects controlled by PDVSA, Petro San Felix and Petrocedeno, produce and store petroleum coke. SANCTION SCRAMBLEIndian firms this year have been big buyers of Venezuelan petcoke as the Asian nation looks for inexpensive fuel to power industries amid high coal prices. read moreShimsupa GmBH, a Germany-headquartered trading firm, has an exclusive arrangement with Maroil to sell Venezuelan petcoke in India, Pakistan and Bangladesh, the company said. Resellers of Venezuelan petcoke originally supplied by Maroil say the cargoes are free of penalties since, as opposed to PDVSA, Maroil has not been blacklisted by the U.S. Treasury Department.
But as stock markets slid, one exchange traded fund in particular outperformed: the ProShares Ultra VIX Short-Term Futures ETF (UVXY), which rose over 13% last week. UVXY is a inverse volatility ETF with a track record of outperformance in times of extreme market volatility. "Moreover, the challenge is timing these rare spikes with precision, which I believe to be nearly impossible," he cautioned. It's fared even worse on a long-term basis, highlighting why the instrument is more suited as a short-term trade. The ETF has the very important benefit of not consistently producing large negative returns over time, as is the case of UVXY," he said.
Juriul a selectat cele mai bune cărți de poezie, proză, critică literară, eseu, traduceri, publicistică și cărțile remarcabile pentru copii. Maria Mocanu, Cum să rușinezi moartea, Cartier, Chișinău4. Radmila Popovici, Vene și artere, ARC, Chișinău5. Viorica-Ela Caraman, Papagal și Chițcaval, din limba rusă, ARC, Chișinău)3. Mihaela Perciun, Fantomele Kremlinului, din limba rusă, Cartea Românească Educațional, Iași.
Persons: Nina, Mircea, Nicolae Negru, Maria, Vitalie Răileanu, Nicolae Rusu, Grigore Chiper, Irina, Maria Mocanu, Radmila Popovici, Alexandru Vakulovski, . Lucreția Bârlădeanu, Val Butnaru, Claudia Partole, Ghenadie Postolache, Nicolae Spătaru, Brejnev, Moni Stănilă, Adrian Ciubotaru, Alexandru Burlacu, Emil, Păun, Marcel Gherman, Andrei Țurcanu, Critice, Leo Butnaru, Viorica, Ela Caraman, Mihaela, . Eugenia Bulat, Profesorul, Ștefan Sebastian Bulat, Boris Marian, Mihai, ., Ion Anton, NANU, Victoria, Titus, Gherman, Ionela Hadârcă, Adelina, Anatol, Victor Vasian Organizations: Uniunea Scriitorilor, USM, Uniunii Scriitorilor din, Românească, Cartea, Anatol Rurac Locations: Uniunii Scriitorilor din Moldova, Pitești, București, Cartier, Chișinău, Bistrița, ARC, Prut, Polirom, Junimea, Iași, Tipografia Centrală, Prim, Caro, UF, Centrală
Luni, 19 aprilie, ora 19.00, va avea loc lansarea online a volumului Emilian Galaicu-Păun. Discuția va fi transmisă live, pe pagina Facebook a Editurii Cartier și pe pagina Librăriilor CărtureștiÎnregistrarea va fi disponibilă ulterior și pe canalul Editurii Cartier de pe YouTube. Acesta e miezul iradiant – și inexorcizabil, de fapt – al poeziei lui Emilian Galaicu-Păun: coincidența dintre naștere și moarte, inseparabilitatea, indistincția lor. Editorial, în 1987, cu Poezie și livresc (Editura Cartea Românească, București; Premiul „G. A alcătuit și a îngrijit antologia: Mircea Ivănescu, Versuri (Editura Humanitas, București, 2014).
Persons: Emilian, Păun ., Roman, Păun, ., M . Gorki, Jean, Michel Gaillard, Anthony Rowley, Robert Muchembled, Mario, Michel Pastoureau, Michel, Roland Barthes, Edward Lear, Scrippius Pip, Negru, Ilarie Voronca, Eugen Cioclea, Cartier, Șincai, Ion Pillat, Universității „ Petru Maior, G . Călinescu, Pillat, Mircea Ivănescu, Mircea Zaciu, Marian Papahagi, Aurel Sasu, Cardinal Tomas Spidlik, Alex . Organizations: Facebook, Cartier, YouTube, Uniunii Scriitorilor, Radio Europa Liberă, USR, USM, Universității „ Babeș - Bolyai, Universității „ Petru, Dacia, Fundației Culturale Române, Curtea, Literaturii Române, Filialei Locations: Republica Moldova, Chişinău, Moscova, România, Basarabia, Târgu - Mureş, Hyperion, Dacia, - Verlag, Ludwigsburg, Cartier, Londra, străinătate, Aruncuta, jud, Cluj, Târgu - Mureș, București, Brașov, Târgu - Lăpuș, Chișinău, Pitești, Filialei Mureș, Târnava, Argeș
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