OFIC Gestión Empresaria

  It's been another very busy week for oil and gas markets as Putin threatened European gas imports, a storm knocked a major oil pipeline offline, and a Saudi oil terminal came under missile attack. Brent is back above $120 per barrel as bullish sentiment remains dominant, but plenty of bearish factors are still looming. Oilprice Alert.  Bullish factors in oil markets are piling up, from attacks on Saudi oil infrastructure to a potential end of Russian oil exports to Europe.  As these geopolitical and fundamental factors combine, our analysts are working hard to keep  GEA Members  ahead of the news and ahead of the markets. Friday, March 25th, 2022 The beauty of the oil market lies in how unpredictable it is. The big story of this week – storms damaging export facilities of Kazakhstan’s flagship 1.2 million b/d CPC grade – was expected to drag oil prices down on Friday when loadings restarted. Just as it seemed that Brent could move lower from the $120 per barrel mark, the specter

    Personal Income Tax Has Untapped Potential in Poorer Countries (PHOTO: VLAD_KARAVAEV/ISTOCK BY GETTY IMAGES) By  Dora Benedek ,  Juan Carlos Benítez , and  Charles Vellutini Many governments aiming to achieve a durable economic recovery from the pandemic must raise significant amounts of revenue in the fairest way possible. The personal income tax—levied on wages, salaries, and other income—is a suitable instrument for this challenge. In  new research , we examine the scope for making greater use of this fiscal tool in developing countries, where many people earn a living at low incomes. Still in its infancy, but growing The personal income tax had become the predominant tax by the eve of World War II in many advanced economies, where it now raises approximately 9 percent of gross domestic product. In addition to bringing in revenue, it is progressive—imposing steeper rates on those with a higher income—and  reduces inequality  measurably. In most emerging market and low-income cou

  LONDON, March 24 (Reuters) - Worsening diesel shortages in the United States and the rest of the world are intensifying upward pressure on petroleum prices and threaten to recreate the conditions that led to the record price spike in 2008. U.S. distillate fuel oil inventories, the category including diesel, fell by 2 million barrels to 112 million barrels last week, according to high-frequency data from the U.S. Energy Information Administration (EIA). Distillate stocks have declined in 52 of the last 79 weeks by a total of 67 million barrels, and are at the lowest for the time of year since 2014 and before that 2008 (“Weekly petroleum status report”, EIA, March 23). Distillates have emerged as the tightest part of the oil market: U.S. inventories are 20% below the pre-pandemic five-year average for 2015-2019 compared with deficits of 11% in crude and 1% in gasoline. If stocks move in line with seasonal patterns over the last ten years, inventories are expected to drop to a low of 10

  DANAI Semana Mundial del Cerebro: Pienso, luego existo En 1996, DANAI (Alianza por Iniciativas para el cerebro) proclama la Semana Mundial del Cerebro, la cual, este año se celebra entre el 21 y el 27 de marzo.  Semana Mundial del Cerebro, para conocer más sobre un órgano increíble. Cada marzo se celebra la  Semana Mundial del Cerebro , para intentar que la población mundial comprenda acerca de la importancia de la  salud cerebral . Se trata de una gran campaña orientada a fomentar el apoyo a la ciencia del  cerebro  y su impacto en nuestra vida cotidiana, así como difundir los beneficios de la investigación en  neurociencias . En el año 1996 la organización  Dana Alliance for Brain Initiatives  inició la celebración de esta Semana Mundial en Estados Unidos, con la participación de unas 160 organizaciones profesionales. El tema principal fue la investigación, tratamiento y prevención de enfermedades del cerebro. En la actualidad cuenta con la participación de unos 7.300 socios en 120

  Chart of the Week - Oil and gas producers in the Middle East are back in  vogue  as the prospect of a major Russian supply disruption puts the oil market on edge.  - Germany has been courting Qatar for energy supplies, Japan has asked the UAE to increase its exports, whilst the British Prime Minister traveled to Riyadh and Dubai asking the OPEC heavyweights to increase production.  - In the meantime, Saudi Aramco has more than doubled its 2021 net income, coming in at $110 billion, drastically decreasing its net gearing and allowing it to issue bonus shares.  - With windfall profits assumed to edge even higher in 2022, Saudi Aramco plans to boost its upstream capital  expenditures  by some $40-50 billion, fortifying its stature as the main global swing producer.  Market Movers -  Rockcliff Energy , a US shale gas-focused exploration company, could  reportedly  seek 4 billion in a sale as its Haynesville production base in Texas has already moved beyond 1 billion cubic feet of product

  Oil prices are back above $100 after negotiations between Russia and Ukraine deteriorated. Energy markets are rife with uncertainty, with the IEA suggesting that consumers will have to figure out how to reduce demand as supply shortages loom. Oilprice Alert.  While the war in Ukraine may appear to be escalating rapidly, today's Global Energy Alert newsletter paints a  potential path to peace for Putin . As geopolitical and economic pressures mount on Russia, our analysts are monitoring the situation closely and keeping  GEA Members  ahead of the news. Friday, March 18th, 2022 Hopes that Russia and Ukraine would come to some sort of agreement during the most recent set of talks evaporated quickly this week, sending oil prices back above the $100 per barrel threshold. Meanwhile, the International Energy Agency  has said  that the current energy crisis may worsen in the upcoming weeks, suggesting consumers will have to bear the brunt of a 3 million b/d supply crunch if Russia does n