Pubblicato in: Commercio, Economia e Produzione Industriale

Germania. Lufthansa ha fermato il 95% della flotta. Aiuti di stato.

Giuseppe Sandro Mela.

2020-04-05.

Cigno. Decollo.

«Competitor American Airlines intends to apply for up to $12 billion in U.S. government aid, executives said in a memo to employees on Monday …. Lufthansa may need state support of a similar magnitude»

«Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded 95% of its fleet due to the coronavirus pandemic, people close to the matter said»

«The government and airline are discussing loans as well as a possible equity investment as Lufthansa grapples to cope with Berlin’s order to all but halt its operations»

«We are in close contact with the federal government to secure our liquidity»

«Lufthansa, like other German companies, could seek a loan 80% guaranteed by state bank KfW and 20% backed by commercial banks, while an equity contribution – possibly in the form of non-voting capital – is also an option»

«The forecast for Lufthansa as a going concern is strong, so the likelihood of Lufthansa getting bridge loans from its banks and KfW is very high»

«The coronavirus crisis has cut Lufthansa’s sales from passenger flights to almost zero, but shorter working hours as well as lower fees for airports and air traffic control have brought down costs»

«Lufthansa has applied for short-time work for around 87,000 crew and ground staff at its core brand until the end of August. Short-time work is a form of state aid that allows employers to switch staff onto reduced working hours during an economic downturn to keep them on the payroll»

«British Airways è in trattative con il suo sindacato per un piano di sospensione di circa 32.000 dipendenti»

«In the United States, the treasury is preparing to provide up to $25 billion in direct grants to the airline industry»

«investors led by Singapore state investor Temasek put together a $13 billion funding package for Singapore Airlines in the single biggest rescue so far for an airline hit by the coronavirus pandemic»

* * * * * * *

La pandemia da coronavirus ha determinato una chiusura delle frontiere ed il blocco quasi totale di tutti i voli internazionali e domestici.  Di conseguenza, le compagnie aeree hanno interrotto quasi tutte le loro attività, bloccando a terra le loro flotte. Si delineano quindi consistenti perdite economiche e concreti rischi di licenziamenti che, senza adeguati aiuti statali, porterebbero alla bancarotta.

Ma il traffico aereo è di importanza strategica, e senza una sua ripresa sarebbe impossibile avviare una ripresa dei sistemi economici.

È quindi imperativo che gli stati si facciano carico dei danni subiti dalle compagnie aeree.

*


Germany in talks to inject billions into Lufthansa – sources

Germany is in talks to provide Lufthansa (LHAG.DE) with billions of euros in state aid and could take a stake in the airline, which has grounded 95% of its fleet due to the coronavirus pandemic, people close to the matter said.

The government and airline are discussing loans as well as a possible equity investment as Lufthansa grapples to cope with Berlin’s order to all but halt its operations, the people said.

“We are in close contact with the federal government to secure our liquidity”, a Lufthansa spokesman said, but declined to comment on the details.

Lufthansa is working with banks including Deutsche Bank (DBKGn.DE) in its talks with the German government and state bank KfW, the people said. Goldman Sachs (GS.N) had been expected to secure a leading role, but it remained unclear whether the U.S. bank has been mandated, they added.

The Economy Ministry, KfW, Deutsche Bank and Goldman Sachs declined to comment.

Last week, Lufthansa said it had not yet applied for state aid but was in talks with lenders and authorities about what kind of help would be possible if needed.

Lufthansa, like other German companies, could seek a loan 80% guaranteed by state bank KfW and 20% backed by commercial banks, while an equity contribution – possibly in the form of non-voting capital – is also an option.

“The forecast for Lufthansa as a going concern is strong, so the likelihood of Lufthansa getting bridge loans from its banks and KfW is very high”, a person close to the matter said.

Competitor American Airlines (AAL.O) intends to apply for up to $12 billion in U.S. government aid, executives said in a memo to employees on Monday.

Lufthansa may need state support of a similar magnitude, an industry banker said.

The coronavirus crisis has cut Lufthansa’s sales from passenger flights to almost zero, but shorter working hours as well as lower fees for airports and air traffic control have brought down costs.

On Thursday, Lufthansa said that it would cancel all flights — except those to return stranded tourists — until May 3.

The head of the International Air Transport Association said that the industry is going through the biggest crisis that it has ever faced. In one of the most dramatic moves yet, British Airways (ICAG.L) is in talks with its union about a plan to suspend around 32,000 staff, a person familiar with the situation said on Thursday. Lufthansa has applied for short-time work for around 87,000 crew and ground staff at its core brand until the end of August. Short-time work is a form of state aid that allows employers to switch staff onto reduced working hours during an economic downturn to keep them on the payroll. It has been widely used by German industry, including its car sector. With planes unable to fly because of travel restrictions, compounded by a plunge in demand over fears of contagion, many airlines worldwide have said they need government support to survive. Last week, airlines urged governments to speed up bailoutsto rescue the air transport industry, as they doubled theirestimate of 2020 revenue losses from the health crisis to morethan $250 billion. Germany stands ready to take over Condor as a deal for the airline to be bought by Polish rival LOT is likely to collapse in the industry turmoil caused by the coronavirus crisis, people close to the matter have told Reuters. In the United States, the treasury is preparing to provide up to $25 billion in direct grants to the airline industry. Last week, investors led by Singapore state investor Temasek put together a $13 billion funding package for Singapore Airlines (SIAL.SI) in the single biggest rescue so far for an airline hit by the coronavirus pandemic.

Pubblicato in: Devoluzione socialismo

Liguria. Sondaggio Piepoli. Toti sarebbe rieletto con il 51%.

Giuseppe Sandro Mela.

2020-04-05.

2020-03-27__Liguria 001

Regionali. L’alleanza PD – M5S sembrerebbe essere impossibile.

«Allo stato delle cose si tratta di una legge elettorale a turno unico: viene eletto governatore il candidato che riesce a ottenere anche un solo voto in più rispetto ai suoi avversari.

I 30 seggi (più il presidente eletto) sono ripartiti per l’80% in base a un sistema proporzionale su liste provinciali, dove è possibile esprimere le preferenze in merito ai candidati consiglieri.

Il restante 20% dei seggi sono assegnati con un modello maggioritario basato su listino regionale bloccato che la Lega vorrebbe superare, proponendo anche di riservare un seggio al candidato presidente che ha ricevuto il numero di voti maggiore fra i non eletti.»

*


Sondaggi elettorali Piepoli: Liguria, centrodestra batte anche asse Pd-M5S

La rielezione di Toti a governatore della Liguria sembra non essere in discussione. Lo si evince leggendo i dati dei sondaggi elettorali Piepoli.

Sondaggi elettorali Piepoli: Liguria, centrodestra batte anche asse Pd-M5S

La rielezione di Giovanni Toti a governatore della Liguria sembra non essere in discussione. Lo si evince leggendo i dati dei sondaggi elettorali dell’Istituto Piepoli commissionati a fine febbraio da Liguria Popolare, la formazione civica centrista che sostiene lo stesso Toti. I risultati sono stati pubblicati in data odierna da Il Secolo XIX. Dati che non si discostano più di tanto da un’indagine simile effettuata da Swg a inizio febbraio.

Secondo la rilevazione di Piepoli, il centrodestra è davanti al centrosinistra ma anche al tandem Pd-M5S. Pochi giorni fa è stata infatti siglata l’intesa tra le due forze politiche dopo il via libera degli attivisti pentastellati tramite voto sulla piattaforma online Rousseau. Un’alleanza che però non cambia le carte in tavola. La sommatoria del candidato di centrosinistra (37%) e quello sostenuto dal M5S (8%) è inferiore a quanto ottiene il singolo candidato di centrodestra (51%). Toti beneficia dell’alto grado di popolarità (93%) e di fiducia (66%) tra i liguri. Infine non va dimenticato l’apporto, determinante, dei moderati alla causa del centrodestra. Secondo i sondaggi elettorali Piepoli, il partito di Toti, Cambiamo, raccoglie nella regione l’8% dei consensi, due punti in più di Forza Italia (6%). Liguria Popolare sfiora invece il 4%. A loro si aggiungono i voti raccolti da Lega (28%) e Fratelli d’Italia (7,5%).

Sondaggi elettorali Piepoli: Pd, il primato non basta

Nel centrosinistra, il Pd si può consolare con il primato politico nella regione (29%). I dem però non hanno alleati all’altezza. Italia Viva è data al 2,6%, +Europa al 2%. Il Movimento 5 Stelle viene sondato al 10,5%, meno della metà di quanto ottenuto alle Politiche 2018.

I sondaggi elettorali Piepoli hanno infine chiesto ai liguri quali sono i maggiori problemi della regione. Il 31% ha indicato il lavoro, il 14% la viabilità e infine il 12% i trasporti pubblici.

Pubblicato in: Materie Prime, Problemia Energetici, Stati Uniti

Guerra petrolifera. Whiting Petroleum Corporation chiede il Chapter 11.

Giuseppe Sandro Mela.

2020-04-05.

Raffineria 010

In questo momento Russia ed Arabia Saudita sono coalizzate per distruggere lo shale americano.

Se è vero che un accordo sembrerebbe essere stato raggiunto, sarebbe altrettanto vero ricordare quanti di simili accordi sono poi stati disattesi.

I costi di estrazione americani variano infatti dai 39 Usd ai 48 Usd a barile, molto superiori ai prezzi correnti del petrolio dopo che l’Arabia Saudita ha ridotto il costo ed aumentata la estrazione.


«U.S. shale producer Whiting Petroleum Corporation, once one of the top producers in the Bakken, said on Wednesday that it had filed for bankruptcy protection, becoming the first major victim of the oil price war and the coronavirus pandemic that sent oil prices to $20.»

«Whiting Petroleum Corporation, whose largest projects are in the Bakken and Three Forks plays in North Dakota and the Niobrara play in northeast Colorado, said in a statement that it had started voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas»

«Given the severe downturn in oil and gas prices driven by uncertainty around the duration of the Saudi / Russia oil price war and the COVID-19 pandemic, the Company’s Board of Directors came to the conclusion that the principal terms of the financial restructuring negotiated with our creditors provides the best path forward for the Company»

«Whiting Petroleum has reached an agreement with certain noteholders to pursue financial restructuring to debt by more than US$2.2 billion via the exchange of all of the notes for 97 percent of the new equity of the reorganized company»

«Whiting Petroleum will continue to operate without material disruption to vendors or employees, and at this point, it expects to have enough liquidity to meet its financial obligations during the restructuring without resorting to additional financing»

«no one in the U.S. shale patch can profitably drill a new well at $20 WTI Crude»

«what we’ve seen so far may just be a taste of what’s to come»

* * * * * * *

È inutile nascondersi dietro ad un dito.

È in corso una guerra economica combattuta con ogni mezzo, conflitto che si preannuncia essere all’ultimo sangue.

La tempistica è stata ottimale: l’Arabia Saudita si è mossa quando gli Stati Uniti sono stati colpiti dal Covid-19 e dalla crisi del mercato finanziario borsistico, e quando la Russia ha aperto quasi completamente gli oleodotti ed i gasdotti che aveva in costruzione per trasferire le risorse energetiche siberiane alla Cina.

Difficile prognosticare chi ne possa uscire vincitore.

Un cinico potrebbe suggerire come l’Arabia Saudita abbia solo un esercito locoregionale.

*


Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60

«As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many would have until recently considered an impossible scenario, a lot of U.S. shale might do just that. Breakeven prices for U.S. shale basins range between $39 and $48 a barrel, according to data compiled by Reuters. Meanwhile, West Texas Intermediate (WIT) is trading below $25 a barrel and has been for over a week now. 

The SCOOP/STACK play in Oklahoma has the highest average breakeven price at $48 a barrel. Surprisingly, the Permian is not the lowest-cost play but the second-lowest, at $40. The lowest-cost basin, on average, is the Delaware Basin, part of the Permian.

On the face of it, these averages give no cause for optimism to an industry hit hard and fast by a perfect storm of radically lower demand and a sharp increase in supply. However, it’s worth noting the figures above are averages. They cover a range of breakeven costs that last year, according to the Dallas Fed, featured breakeven prices of as little as $23 a barrel in the Permian. In all fairness, these figures were reported last year. Since then, the lowest may have gone up or, in some locations, down.»

*


Canadian Drillers Face Nightmare Scenario As Oil Crashes To $5

«The U.S. shale patch laments oil prices in the low $20s crippling companies with already weakened debt and liquidity profiles. But further north, the outlook for Canada’s oil patch is even gloomier. Hit by the pandemic-driven demand shock and the price war-induced supply shock, Canadian oil prices have already crashed to below US$10 a barrel.

This year’s oil price crash will hit Canada’s oil patch harder than the 2014 price collapse, analysts say.  

Following the double supply-demand shock of the past weeks, the industry had to quickly switch back to survival mode, just as it was expecting an uptick in upstream investments this year, for the first time in five years.

Canada’s oil and gas sector now faces an existential threat – losing even the little competitiveness it held onto in the wake of the previous oil crash.»

*


The U.S. Is About To Lose Its Place As The World’s Largest Oil Producer

«The United States may lose its top spot among oil producers globally this year, according to economists. With oil prices continuing their slide and Saudi Arabia reiterating its plans to flood the market with oil, U.S. producers are idling rigs and cutting spending plans.

Production has only one way to go: down. 

“I think it’s almost a guarantee that this year it will certainly lose that position,” Emirates NBD commodity analyst Edward Bell told CNBC, referring to the United States. “And it might happen probably a lot faster than we anticipate.”

IHS Markit’s Daniel Yergin also expects that U.S. oil production to swing from growth to decline this year on the significant slump in oil demand caused mostly by the coronavirus outbreak that has so far infected more than 700,000 people globally.»

*


Shale Giant Files For Bankruptcy As Oil Price War Rages On

U.S. shale producer Whiting Petroleum Corporation, once one of the top producers in the Bakken, said on Wednesday that it had filed for bankruptcy protection, becoming the first major victim of the oil price war and the coronavirus pandemic that sent oil prices to $20.

Whiting Petroleum Corporation, whose largest projects are in the Bakken and Three Forks plays in North Dakota and the Niobrara play in northeast Colorado, said in a statement that it had started voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.  

“Given the severe downturn in oil and gas prices driven by uncertainty around the duration of the Saudi / Russia oil price war and the COVID-19 pandemic, the Company’s Board of Directors came to the conclusion that the principal terms of the financial restructuring negotiated with our creditors provides the best path forward for the Company,” said Bradley J. Holly, the company’s chairman, president and CEO.

Whiting Petroleum has reached an agreement with certain noteholders to pursue financial restructuring to debt by more than US$2.2 billion via the exchange of all of the notes for 97 percent of the new equity of the reorganized company.

Whiting Petroleum will continue to operate without material disruption to vendors or employees, and at this point, it expects to have enough liquidity to meet its financial obligations during the restructuring without resorting to additional financing, it said.

Whiting Petroleum became the first sizable U.S. shale producer to seek bankruptcy protection and restructuring after the oil price collapse forced many U.S. drillers, including the supermajors Exxon and Chevron, to announce significant reductions in projected spending and drilling operations, as no one in the U.S. shale patch can profitably drill a new well at $20 WTI Crude.  

Since the oil price crash last month, 22 U.S. independents have cut expenditure for 2020 by a total of US$20 billion, an average of 35 percent, and three have slashed capex by 50 percent or more, Simon Flowers, Chairman and Chief Analyst at Wood Mackenzie, said on Tuesday.

 “The size of cuts is close to those of 2015 and have come through faster. Yet companies today are far leaner than back then; and what we’ve seen so far may just be a taste of what’s to come. Diamondback and Occidental have already cut twice in two weeks, suggesting further, deeper cuts are coming for many US Independents,” Flowers noted.

Pubblicato in: Medicina e Biologia, Unione Europea

Ecdc. Coronavirus. Situazione aggiornata al 4 aprile.

Giuseppe Sandro Mela

2020-04-04.

2020-04-04__Covid 001

European Centre for Disease Prevention and Control. An agency of the European Union.

Situation update for the EU/EEA and the UK, as of 4 April 2020.

The data presented on this page has been collected between 6:00 and 10:00 CET.

As of 04 April 2020, 517 443 cases have been reported in the EU/EEA and the UK: Italy (119 827), Spain (117 710), Germany (79 696), France (64 338), United Kingdom (38 168), Belgium (16 770), Netherlands (15 723), Austria (11 525), Portugal (9 886), Sweden (6 078), Norway (5 208), Ireland (4 273), Czech Republic (4 190), Denmark (3 757), Poland (3 383), Romania (3 183), Luxembourg (2 612), Finland (1 615), Greece (1 613), Iceland (1 364), Croatia (1 079), Estonia (961), Slovenia (934), Lithuania (771), Hungary (678), Latvia (493), Bulgaria (485), Slovakia (450), Cyprus (396), Malta (202) and Liechtenstein (75).

As of 04 April 2020, 40 903 deaths have been reported in the EU/EEA and the UK: Italy (14 681), Spain (10 935), France (6 507), United Kingdom (3 605), Netherlands (1 487), Belgium (1 143), Germany (1 017), Sweden (333), Portugal (246), Austria (168), Denmark (139), Romania (133), Ireland (120), Poland (71), Greece (59), Czech Republic (53), Norway (44), Hungary (32), Luxembourg (31), Finland (20), Slovenia (20), Bulgaria (14), Estonia (12), Cyprus (11), Lithuania (9), Croatia (8), Iceland (4) and Latvia (1).

* * * * * * *


Due elementi da valorizzare:

– con 117,710 casi la Spagna ha quasi raggiunto l’Italia, 119,827 contagiati;

– oggi si assiste ad un altro picco dei contagi. Questa è una ulteriore evidenza di quanta prudenza debba essere usata nell’inferire che si sia raggiunto il picco massimo e sia iniziata la fase di discesa.

Pubblicato in: Devoluzione socialismo, Medicina e Biologia, Problemia Energetici

Coronavirus. La crisi spinge il carbon fossile.

Giuseppe Sandro Mela.

2020-04-04.

Carbone Miniera 001

«The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices»

«The one energy source that hasn’t blinked though is coal, a fuel that may come out stronger through the current crisis»

«The price of coal was already depressed before the corona virus crisis, and the demand curtailment in China during the lockdowns was accompanied by a domestic production drop, balancing the market»

«With ARA prices already so low, any cost decrease will potentially give struggling producers selling to Europe a little breathing room, rather than allowing prices to move down any further»

«The large falls in the currency of the major coal exporting countries like Australia and Russia is a significant, but often overlooked factor with regards to coal prices and margins»

«International coal trades are priced in US dollars, whereas the majority of production costs are generally denominated in local currency terms»

«Therefore, a weaker exchange rate versus the US dollar usually means higher local currency revenues (or lower costs when converted to US dollars)»

* * * * * * *

Romania. Il Green Deal è una ‘true religion’. Il gesto del dito.

La depressione economica indotta dal coronavirus e lo shock petrolifero, unitamente a dollaro forte e valute dei paesi estrattori deboli, spingono verso un maggiore utilizzo del carbone fossile.

A parte ancora qualche cascame politico nell’Unione Europea, i progetti di decarbonizzazione stanno evidenziano il loro punto debole: costi troppo alti per potersi permettere quel lusso, in un momento in cui tutte le risorse sono utilizzate per cercare di bloccare gli effetti della pandemia.

Tutti questi elementi concorrono a formulare la previsione che, quanto meno, la sua produzione e costi resteranno quasi inalterati, ma anche probabilmente incrementati per sopperire le esigenze energetiche.

Il mondo non è l’Unione Europea.

*


Oil Price. Foreign Coal Producers Get Boost From Coronavirus.

The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel that may come out stronger through the current crisis, a Rystad Energy analysis shows.

The price of coal was already depressed before the corona virus crisis, and the demand curtailment in China during the lockdowns was accompanied by a domestic production drop, balancing the market. Oil, which is used as a fuel in coal mining, has grown cheaper and is seen by Rystad Energy as reducing coal output costs by a few dollars per ton.

“With ARA prices already so low, any cost decrease will potentially give struggling producers selling to Europe a little breathing room, rather than allowing prices to move down any further,” says Steve Hulton, Rystad Energy’s Head of Global coal research.

The large falls in the currency of the major coal exporting countries like Australia and Russia is a significant, but often overlooked factor with regards to coal prices and margins. In mid-March, the Australian dollar hit a 17-year low as international investors sought the traditional safety of US dollars; the Russian ruble has also reached new record lows due to the collapsing oil price.

International coal trades are priced in US dollars, whereas the majority of production costs are generally denominated in local currency terms. Therefore, a weaker exchange rate versus the US dollar usually means higher local currency revenues (or lower costs when converted to US dollars).

Pubblicato in: Devoluzione socialismo

COVID-19 Community Mobility Report del 29 marzo.

Giuseppe Sandro Mela.

2020-04-04.

2020-04-04__Mobility 001

«COVID-19 Community Mobility Report prepared this report to help you and public health officials understand responses to social distancing guidance related to COVID-19. This report shouldn’t be used for medical diagnostic, prognostic, or treatment purposes. It also isn’t intended to be used for guidance on personal travel plans.

Location accuracy and the understanding of categorized places varies from region to region, so we don’t recommend using this data to compare changes between countries, or between regions with different characteristics (e.g. rural versus urban areas).»

2020-04-04__Mobility 002

* * * * * * *

2020-04-04__Mobility 003


Tutti gli spostamenti di tutti i cellulari mondiali sono da anni tracciati dal Community Mobility Report, che li fornisce anonimi, ma che se li tiene religiosamente archiviati cognome per cognome, telefono per telefono.

A pensar male si fa peccato, ma invariabilmente ci si azzecca.

O malpensanti cronici, malignassi di prima, sussurrano nei segreti dei bui corridoi che dietro vi siano i soliti servizi segreti di chissà chi mai.

Pubblicato in: Economia e Produzione Industriale, Unione Europea

Europa e Stati. Indice PMI fortemente depresso. Dati di marzo.

Giuseppe Sandro Mela.

2020-04-04.

2020-04-04__Indicatori Economici 001

«Purchasing Managers’ Indexes (PMI) are economic indicators derived from monthly surveys of private sector companies. ….

ISM, SIPMM, and Markit Group separately compile Purchasing Managers’ Index (PMI) surveys on a monthly basis by polling businesses which represent the makeup of the respective business sector. ISM’s surveys cover all NAICS categories. SIPMM survey covers all manufacturing sectors. The Markit survey covers private sector companies, but not the public sector. ….

PMI data are presented in the form of a diffusion index, which is calculated as follows

    P M I = ( P1 ∗ 1 ) + ( P2 ∗ 0.5 )

where:

    P1 = Percentage number of answers that reported an improvement.

    P2 = Percentage number of answers that reported no change.

*

Thus, if 100% of the panel reported an improvement, the index would be 100.0. If 100% reported a deterioration, the index would be zero. If 100% of the panel saw no change, the index would be 50.0 (P2 * 0.5).

Therefore, an index reading of 50.0 means that the variable is unchanged, a number over 50.0 indicates an improvement, while anything below 50.0 suggests a decline. An index of 50.0 would arise if either all respondents reported no change or the number of respondents reporting an improvement was matched by the number of respondents reporting a deterioration.» [Fonte]

* * * * * * *

Si noti come gli indici PMI per l’Italia siano particolarmente sinistrati, specie quello del settore dei servizi: sono valori da tempo di guerra.

Nel mese di marzo sono iniziati a sentirsi gli effetti delle restrizioni agli spostamenti di merci e persone, nonché il blocco della produzione non essenziale determinati dalle manovre atte a ridurre la diffusione del contagio da coronavirus.

Il prossimo mese di aprile dovrebbe manifestare valori ancora peggiori di questi.

Pubblicato in: Medicina e Biologia, Unione Europea

Ecdc. Coronavirus. Situazione aggiornata al 3 aprile.

Giuseppe Sandro Mela.

2020-04-03.

2020-04-03__Ecdc 001

Oggi 3 aprile sembrerebbe esserci stato un qualche miglioramento.

*


ECDC. Situation update for the EU/EEA and the UK, as of 3 April 2020.

The data presented on this page has been collected between 6:00 and 10:00 CET.

As of 03 April 2020, 482 016 cases have been reported in the EU/EEA and the UK: Italy (115 242), Spain (110 238), Germany (73 522), France (59 105), United Kingdom (33 718), Belgium (15 348), Netherlands (14 697), Austria (11 129), Portugal (9 034), Sweden (5 466), Norway (4 935), Czech Republic (3 858), Ireland (3 849), Denmark (3 386), Poland (2 946), Romania (2 738), Luxembourg (2 487), Finland (1 518), Greece (1 514), Iceland (1 319), Croatia (1 011), Slovenia (897), Estonia (858), Lithuania (649), Hungary (585), Latvia (458), Bulgaria (457), Slovakia (426), Cyprus (356), Malta (195) and Liechtenstein (75).

As of 03 April 2020, 35 862 deaths have been reported in the EU/EEA and the UK: Italy (13 917), Spain (10 003), France (4 503), United Kingdom (2 921), Netherlands (1 339), Belgium (1 011), Germany (872), Sweden (282), Portugal (209), Austria (158), Denmark (123), Ireland (98), Romania (94), Poland (57), Greece (53), Czech Republic (44), Norway (42), Luxembourg (30), Hungary (21), Finland (19), Slovenia (16), Estonia (11), Bulgaria (10), Cyprus (9), Lithuania (9), Croatia (7) and Iceland (4).

Pubblicato in: Economia e Produzione Industriale, Materie Prime, Stati Uniti, Trump

Guerra del petrolio. Trump telefona a Mohammed bin Salman.

Giuseppe Sandro Mela.

2020-04-03.

2020-04-03__Oil WTI 001

«Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and Russia would “cut back approximately 10 Million Barrels, and maybe substantially more,” sending oil prices soaring by 20 percent»

«Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!»

«Oil prices soared immediately after the tweet, with WTI Crude soaring 25.90 percent at $25.51 as of 11:04 a.m. EDT and Brent Crude surging 20.57 percent at $29.83»

* * * * * * *

2020-04-03__Oil WTI 002

Potenza di una telefonata.

2020-04-03__Oil WTI 003

Finché dura….

*

Trump Tweet Sends Oil Soaring 25%

Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and Russia would “cut back approximately 10 Million Barrels, and maybe substantially more,” sending oil prices soaring by 20 percent. 

“Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!” President Trump tweeted on Thursday.

Oil prices soared immediately after the tweet, with WTI Crude soaring 25.90 percent at $25.51 as of 11:04 a.m. EDT and Brent Crude surging 20.57 percent at $29.83.

According to the Saudi’s official news agency, SPA, Saudi Arabia is calling for an urgent meeting for OPEC+ states “and another group of countries”.

Making no mention of specific numbers.

The press agency later went on to make mention of the relationship with the United States.

Earlier today, prices were already gaining more than 8 percent after the market began to tentatively hope that former allies Russia and Saudi Arabia could re-launch talks on propping up oil prices, which are too low for both of those economies, regardless of their claims of ‘resilience’ even at these prices.

After weeks of ‘no-backing-down’ in the oil price war, the former allies Saudi Arabia and Russia have started hinting at readiness to re-launch cooperation to save oil prices from sliding further amid the massive demand loss in the coronavirus pandemic.

“Saudi Arabia has always welcomed and supported cooperation among oil producers in their efforts to stabilize the oil market during the current crisis, based on the principles of fairness and equity,” a Gulf source familiar with Saudi Arabia’s thinking told Reuters on Thursday but said that the OPEC+ break-up was Russia’s fault.

Russia, for its part, has decided it’s economically unfeasible for its producers to boost oil production right now, so Moscow called off an earlier promise to also increase supply, albeit at a much lower rate than Saudi Arabia.

With U.S. shale producers suffering the first immediate blow from the Saudi-Russian oil price war, U.S. President Trump discussed the situation on the oil market with Russia’s President Vladimir Putin earlier this week and said he held a separate phone call with Saudi Arabia’s Crown Prince Mohammed bin Salman.

Pubblicato in: Devoluzione socialismo, Unione Europea

Migranti. Accordi distribuzione migranti sono scaduti. – Corte EU di Giustizia.

Giuseppe Sandro Mela.

2020-04-03.

2020-04-03__Curia 001

Court of Justice of the European Union

PRESS RELEASE No 40/20

Luxembourg, 2 April 2020

Judgment in Joined Cases C-715/17, C-718/17 and C-719/17

Commission v Poland, Hungary and the Czech Republic

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Con una sentenza degna di un maestro cerchiobottaio la Corte EU si è alla fine pronunciata sulla questione della ripartizione dei migranti tra i paesi dell’Unione Europea.

Stabilisce che Polonia, Ungheria e Repubblica Ceka non hanno adempiuto alla direttiva europea. Ma essendo questa scaduta non c’è modo per rimediare all’infrazione. Si rimanda il tutto alla Commissione Europea.

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«La Corte dell’Ue ha stabilito che Polonia, Ungheria, e Cechia hanno violato la legge comunitaria. Tuttavia, con la scadenza di entrambe le decisioni sui ricollocamenti, non c’è modo per rimediare all’infrazione»

«La priorità della Commissione europea ora è presentare il nuovo Patto su asilo e migrazione»

«By refusing to comply with the temporary mechanism for the relocation of applicants for international protection, Poland, Hungary and the Czech Republic have failed to fulfil their obligations under European Union law»

«following the expiry of the period of application of the relocation decisions, on 17 and 26 September 2017 respectively, it is no longer possible for them to remedy the infringements alleged»

«La priorità della Commissione europea ora è presentare il nuovo Patto su asilo e migrazione»

* * * * * * *

Letta alla luce di quanto sta accadendo a seguito dell’epidemia da coronavirus, delegare alla Commissione una decisione in proposito apparirebbe essere alquanto naïf.

*


Migranti: Ue, sentenza Corte guiderà decisioni future.

Meccanismo ricollocamenti scaduto, Paesi non possono rimediare.

“La Corte dell’Ue ha stabilito” che Polonia, Ungheria, e Cechia hanno violato la legge comunitaria. “Tuttavia, con la scadenza di entrambe le decisioni sui ricollocamenti, non c’è modo per rimediare all’infrazione”. Così un portavoce della Commissione europea, rispondendo all’ANSA. Il portavoce evidenzia tuttavia: “La decisione è però importante perché fa chiarezza sulla responsabilità degli Stati membri, e guiderà il lavoro” dell’Esecutivo Ue “per il futuro”.

“La priorità della Commissione europea ora è presentare il nuovo Patto su asilo e migrazione. La sentenza della Corte Ue chiarisce che il principio di solidarietà e di giusta condivisione della responsabilità tra gli Stati membri, secondo i Trattati, governa la politica di asilo dell’Ue” aggiunge il portavoce. “La Corte – spiega – è chiara rispetto alla responsabilità degli Stati membri. Questa sentenza guiderà il nostro lavoro sul nuovo Patto”.

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Court: Three countries broke EU law on migrant relocation.

The EU’s top court ruled on Thursday (2 April) that Poland, Hungary and the Czech Republic broke EU law by refusing to take in their share of asylum seekers in 2015.

“By refusing to comply with the temporary mechanism for the relocation of applicants for international protection, Poland, Hungary and the Czech Republic have failed to fulfil their obligations under European Union law,” the Luxembourg-based European Court of Justice (ECJ) said.

It also found Poland and the Czech Republic at fault for failing to fulfil an earlier decision by the council of member states with regard to some 40,000 migrants.

The court said that in refusing to comply, the three member states had no right to cite ‘maintaining law’ or ‘safeguarding internal security’, or claim that the relocation programme was ‘dysfunctional’.

Hungary’s justice minister Judit Varga tweeted that the “EU compulsory relocation system of migrants is dead and today’s CJEU judgement won’t change that. It must be lonesome in the saddle since the horse died.”

Now, it is up to the EU Commission if it wants to follow up the court ruling.

The commission could determine that the original 2015 council decision can still be implemented and launch a second infringement procedure for financial penalties.

All of those commission considerations would be subject to scrutiny by the court.

‘Original sin’

In 2015, during the influx of migrants to Europe, member states decided to distribute people among EU member states.

The decision was taken by home affairs ministers – where Hungary, Romania, Slovakia and the Czech Republic were outvoted by other member states.

Warsaw, under a different government, agreed with the 2015 decision.

(The commission has removed the webpage on the relocation figures.)

But commission figures from last October say that in total, 34,712 people were relocated from Italy (12,713) and Greece (21,999) under the scheme, with a lower number of people eligible, due partly to a slowing of the influx, than previously expected.

Hungary did not take any asylum seekers, the Czech Republic took in only 12. Poland took none. Slovakia eventual offered temporary shelter to more than 1,200 people who filed for asylum in neighbouring Austria, so was not sued by the commission.

Hungary and Slovakia challenged the decision of the ministers in court, arguing that the ministers’ vote was contrary to an earlier commitment by EU leaders.

In 2017, however, the ECJ ruled that the relocation quotas were legal.

In 2015, 120,000 asylum seekers were supposed to be shared among member states, relocating 50,400 asylum seekers from Greece and 15,600 from Italy.

Originally, the commission offered Hungary the option to relocate 54,000 people from the central European country, but prime minister Viktor Orban refused.

Some diplomats from the rebel EU countries refer to the quota vote as an “original sin” that broke trust between the commission and eastern and central European governments.

It also fuelled years of campaigning by Orban domestically against both the EU and migration.

The bitter rift over migration and especially relocation quotas has been driving a wedge between member states ever since.

The commission in 2016 unveiled new proposals to reform the EU’s asylum system – but its permanent mechanism to relocate migrants in a possible new massive influx was fiercely rejected by Hungary and Poland.

The commission earlier this year binned its efforts to reform the Dublin asylum system based on that proposal and is working on new ones.