Topic Of The Week
Unpopular Fuel
In 2007, when compressed natural gas (CNG) was 65% cheaper than A-95 petrol, drivers were queuing up to install gas cylinders, and the number of new natural gas vehicle (NGV) filling stations and those under construction exceeded one hundred. The country’s methane market seems to have finally come out of the lethargy in which it has been since the 1990s. But it took only two years, and the situation has changed dramatically. Prices of CNG have more than quadrupled; and its retail supply has fallen again…
Scandals
SCANDAL OF THE WEEK: Does A Pipeline Operator Intend To Buy Surplus Stocks From Oil Refineries?
The Operator Of Boiler Oil Flows
Eximnaftoproduct (Odesa) has received an order from major oil pipeline operator PJSC Ukrtransnafta for the handling of boiler oil. As follows from an announcement in the public procurement bulletin, the companies on March 21, 2012, signed a corresponding agreement following a tender. In particular, the Odesa-based company is to transship M-100-type boiler oil from rail cars to vessels, and store it at its oil depot within a year…
Forecast
Funny Flip-Flopper
The markets have stood motionless in anticipation of a miracle – or at least some viable solutions from political leaders. The key and firm conviction is not to trust macroeconomic statistics in determining a strategy, but use them only to make adjustments. It’s even funny for traders to watch the maneuvers taken by politicians from their well established positions…
Still Upwards
According to economic forecasts given by the Psyche Center on the basis of its regressive analytical model, this week the major brands of petrol will go up in price again. The average retail price of A-92 and A-95 petrol to DSTU 4063:2001 standards and that of summer-type 0.2-62 diesel fuel to DSTU 3868-99 standards will be UAH 10.96, UAH 10.56 and UAH 10.17 per liter respectively. A liter of propane-butane will cost UAH 6.58. A-95 petrol will be underpriced by 32 kopecks. The price of the A-92 petrol, diesel fuel and liquefied gas will be roughly similar to their market value.
Trade
Destabilizing Factors
Speaking to reporters in Poltava on March 29, 2012, Chairman of the Civil Position organization Anatoliy Hrytsenko said: «Prime Minister [Mykola] Azarov, who likes to brag about declining prices of cabbage, for some reason is silent and does not inform the public that just in three days, nationwide, prices of petrol grew by 50-60 kopecks, and long ago went beyond the one euro limit (about UAH 10.47 per euro). The increase in petrol prices is not a problem [just] for drivers. This means a new round of price hikes for almost all consumer goods…
Raw Materials
The Geography Of Interests
Azerbaijan, which has significant reserves of crude oil, is geographically far from wealthy European consumers and the growing markets of the Black Sea. Azerbaijan is once again trying to approach them, using Ukraine for its expansion. But is this beneficial to us?
Anti-counterfeit Campaign
Second Class
As Terminal has learned, Cherkasy region’s consumer rights protection department has fined Cherkasy-based Retail K Trade House LLC for selling diesel fuel that does not meet DSTU 4840:2007 requirements. Although the fine isn’t that big, just UAH 33,854, the precedent itself is of greater importance. The fact that for the first time in Ukrainian history, evidence of the supply of second-class European automobile fuel to our country has been confirmed.
You can read full articles in journal «Terminal: Oil Review» №13(599) 2 Apr 2012
