Oil quotes were wondering around 62-64 USD per bbl and possibly will be doing so until Wednesday – the day of weekly release of oil reserves in the US that recently has been adding extra volatility to oil prices. Western exchange indices closed with confident adding, and this morning given drives the Asian region. Generally, the background for the Russian market is mildly positive Tuesday morning. Like yesterday, the stocks of export-directed names might take the lead as given notes will benefit from ruble rate weakening.
Main events
Growth of the volume of export deliveries of Inter RAO for 1Q 2015 formed 45%.
Inter RAO presented its operation results for 1Q 2015. Output of electric energy by the Russian generation added 1.6%, while output of the thermal energy dropped 7.1%. The volume of selling electric energy by distributors grew 5.2%. Growth of export volume by 45% was the key item of the report. The most adding took place on the following directions: Finland, Lithuania, and Ukraine.
Given analytic materials of Veles Capital can only be used in information purposes. The company does not guarantee completeness of given information and its reliability, as well as it is not responsible for any straight or consequential loss resulting from a non-purpose use. Given document cannot be considered as the reason for buying or selling either, one or another shares.
All rights on this bill belong to Veles Capital. Reproduction and/or spreading of the analytic materials Veles Capital cannot take place without a company’s authorization. © Veles Capital 2014
Contributed by Veles Capital
Sections
Categories