Ukrenergo has published the schedule of power outages for July 23
Category
Economics
Publication date

Ukrenergo has published the schedule of power outages for July 23

Energy system of Ukraine
Source:  Ukrenergo

According to the representatives of NEC "Ukrenergo", during July 23, blackout schedules in Ukraine will be applied throughout the day.

Points of attention

  • The schedule of power outages for July 23 in Ukraine includes multiple rounds of shutdowns, with specific blackout zones mentioned for various regions.
  • The head of NEC 'Ukrenergo' predicts a decrease in power outages in Ukraine for August, September, and October, as the volume of electricity generation increases.
  • The completion of repairs at NPP power units and the replacement of spent nuclear fuel have already led to an improvement in the energy situation in Ukraine.
  • The gradual reduction of the electricity generation deficit is expected to result in a more stable supply of electricity in the country.
  • Factors such as the decrease in abnormal heat and the operational status of repaired power units are contributing to the overall improvement in the energy situation in Ukraine.

What is known about the schedule of blackouts in Ukraine during July 23

From 14:00 to 24:00 oblenergo will apply three rounds of shutdowns. They will operate at other hours of the day two rounds of shutdowns, Ukrenergo noted.

At the same time, the energy company DTEK noted that in Kyiv, Kyiv region, Odesa region, Donetsk region, and Dnipropetrovsk region, there is a high probability of using light-gray blackout zones from 14:00 to 24:00.

In Ukraine, on July 23, 3 rounds of blackouts will be applied
Energy

What is known about the terms of improving the situation with light in Ukraine

According to Volodymyr Kudrytskyi, the head of the board of NEC "Ukrenergo", starting from August and during September and October, the volume of power outages will significantly decrease in Ukraine.

He noted that the electricity generation deficit will be slightly smaller in August and will gradually decrease during September and October.

It is worth noting that the situation with blackouts in Ukraine has already improved, thanks to the completion of repairs at several power units of Ukrainian nuclear power plants.

Those units, where spent nuclear fuel was replaced with new ones, became operational. Abnormal heat has also begun to subside in Ukraine.

Category
Economics
Publication date

World oil prices hit record lows — here's what happened

oil prices
Source:  Reuters

The trade tariff war unleashed by Donald Trump has caused the biggest one-month drop in global oil prices in three and a half years.

Points of attention

  • This is the biggest drop in global oil prices since November 2021.
  • Brent crude futures fell 49 cents, or 0.8%, to $63.76 a barrel.

Trump has crashed world oil prices

As of 10 a.m. GMT on April 30, Brent crude futures fell 49 cents, or 0.8%, to $63.76 a barrel.

U.S. West Texas Intermediate crude futures fell 40 cents, or 0.7%, to $60.02 a barrel.

Overall, during April, both oil brands fell in price by approximately 15% and 16%, respectively.

This is the biggest drop since November 2021.

Analysts directly link the drop in oil prices to the new US tariff policy announced on April 2, which imposed additional duties on all imports to America. The effect was amplified by countermeasures taken by China in response.

Analysts surveyed by Reuters predict that Trump's tariffs have made it likely that the global economy will slide into recession this year. In April, factory output in China fell at its fastest pace in 16 months.

An additional factor that lowered oil prices was the expectation of increased production by OPEC+ countries. Production is expected to increase in May, and possibly in June.

Category
World
Publication date

Lockheed Martin and Rheinmetall to jointly produce weapons in Europe

memorandum
Source:  Rheinmetall

American aerospace and defense technology company Lockheed Martin and German concern and leading defense systems supplier Rheinmetall have signed a Memorandum of Understanding.

Points of attention

  • The Rheinmetall-led competence center will operate primarily in Germany and other European countries. The companies have already started to define the next steps for its establishment.
  • Lockheed Martin and Rheinmetall complement each other perfectly thanks to their specific skills and technological expertise.

Lockheed Martin and Rheinmetall sign memorandum of cooperation

The companies intend to expand the scope of cooperation to act as a European center of excellence in the production of missiles and projectiles to strengthen the security and independence of Europe.

The Rheinmetall-led competence center will operate primarily in Germany and other European countries. The companies have already begun to define the next steps for its establishment. Implementation is subject to approval by the US and German governments.

Thanks to this project, Rheinmetall, which has access to the markets of many countries as a leading systems manufacturer in Europe, and Lockheed Martin, as a leading international manufacturer of missiles and rockets, are joining forces to act together in the growing military market for the benefit of their customers, the companies emphasized.

"This partnership reflects our commitment to advancing transatlantic security and providing proven, state-of-the-art capabilities to our allies. It is a step towards helping our European customers meet their NATO commitments. This partnership will strengthen the defense industry and create jobs in the United States and Europe," said Ray Picelli, vice president of international affairs at Lockheed Martin, in a statement.

Rheinmetall AG CEO Armin Papperger said that Lockheed Martin and Rheinmetall complement each other perfectly thanks to their specific skills and technological expertise.

In the growing European market, we aim to play a significant role in the production of missiles and projectiles, for which there is significant demand. Rheinmetall will be involved not only in sales, but also with a significant share in production.

Armin Papperger

Armin Papperger

CEO of Rheinmetall AG

Lockheed Martin has been a partner of German industry for over 50 years and continues to build on these partnerships by working with companies like Rheinmetall that have advanced technological capabilities.

As part of the international F-35 fighter supply chain, Rheinmetall will begin production of the first of approximately 400 F-35 center fuselage sections in July 2025.

In 2023, Rheinmetall and Lockheed Martin joined forces to jointly develop the GMARS multiple launch rocket system to meet the growing need for long-range rocket artillery. It was first presented to the public in Paris in the summer of 2024 at the Eurosatory exhibition.

We would like to remind you that Rheinmetall is one of the main suppliers of military materials to Ukraine and has joint ventures with it.

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