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- RayLeeeRayLeee
  ·2021-07-09
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  Are Treasury yields sniffing out a Fed mistake?: At the Open
  The Treasury yield curve continues to flatten this morning and that's bringing some selling in equit
  Are Treasury yields sniffing out a Fed mistake?: At the Open
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- RayLeeeRayLeee
  ·2021-07-09
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  Shell to sell its German Schwedt refinery stake in 2021
  FRANKFURT, July 8 (Reuters) - Shell said on Thursday it expects to sell its 37.5% share in eastern G
  Shell to sell its German Schwedt refinery stake in 2021
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22:44","market":"us","language":"en","title":"Are Treasury yields sniffing out a Fed mistake?: At the Open","url":"https://stock-news.laohu8.com/highlight/detail?id=1190124335","media":"seekingalpha","summary":"The Treasury yield curve continues to flatten this morning and that's bringing some selling in equit","content":"<ul>\n <li>The Treasury yield curve continues to flatten this morning and that's bringing some selling in equities ascracks in the consensus of strong economic growth start to show.</li>\n <li>The 10-year yield is down 4 basis points to 1.28% and the 30-year is down 5 basis points to 1.89%(NYSEARCA:TBT)(NASDAQ:TLT).</li>\n <li>S&amp;P futures(SPX)(NYSEARCA:SPY), Nasdaq 100 futures(NDX:IND)(NASDAQ:QQQ)and Dow futures(INDU)(NYSEARCA:DIA)are all down around 1.4%.</li>\n <li>Credit Suisse Chief Equity Strategist Jonathan Golub, says there's an equal chance the 10-year ends the year at 1% as 2%, but if it's closer to 1% the stock market will be weaker.</li>\n <li>\"Higher rates are an indication that demand for capital is rising, it's a sign the economy is strong,\" he said on Bloomberg.</li>\n <li>\"The reason the market is selling off today is because people ask the question 'what the heck is wrong that interest rates are falling when the economy is supposed to be so strong?'\"</li>\n <li>DataTrek Research notes that along with the drop in yields, fed funds futures have repriced rate-rise expectations, now predicting just a small chance of a hike next year.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/53aa517174b1a3dfb4c9b931f19781b1\" tg-width=\"935\" tg-height=\"696\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li>\"It is tempting to say that the Treasury/Fed Funds Futures markets are starting to sniff out a Fed policy mistake, namely their intention to start increasing rates in the next 18-24 months,\" DataTrek writes.</li>\n <li>They note a similar situation in November to December 2018.</li>\n</ul>\n<ol>\n <li>From Nov. 8, 2018 to Jan. 3, 2019 the 10-year fell from 3.24% to 2.56%.</li>\n <li>Through 2017 and 2018 the Fed had boosted rates to 2.4%.</li>\n <li>\"Their guidance was for 2 more 25-basis point increases in 2019, but after equity markets cracked in December 2018 (S&amp;P 500 -9.8 pct) Chair Powell came out on January 6th, 2019 and shifted to a wait and see mode. By July the Fed was back to cutting rates.\"</li>\n</ol>\n<ul>\n <li>The problem with the Fed mistake theory is that equity markets are holding up fine, DataTrek says.</li>\n <li>\"Maybe that’s because Q2 earnings season should be excellent, and investors feel they can be patient,\" they say. \"Or maybe it’s just the seasonal volatility factors ... which favor lower vol (and stable stock prices) during the first part of July.\"</li>\n <li>Further complicating matters is the employment situation, according to Avalon Advisors Chief Economist Samuel Rines.</li>\n <li>The ISM services employment index \"fell off a cliff to the point of indicating employees were being shed not added,\" Rines notes.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/d116ea75facfc4680b144c1fa4e4e364\" tg-width=\"900\" tg-height=\"701\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li>\"The employment picture painted from the ISM surveys is difficult to square with a booming economy,\" he writes. \"There is increasing uncertainty in the outlook for employment, and therefore Fed policy.\"</li>\n <li>\"With the escalating uncertainty around the employment picture, there should be an increase in fear of a Fed policy error. If the Fed becomes increasingly concerned about inflation, it could tighten policy early. Tightening policy before the labor market healed properly would certainly tame inflation pressures. But it would likely do so at the cost of employment.\"</li>\n <li>For its part, DataTrek leans more to the explanation for the drop in yields of a modest growth scare that's obscured by the S&amp;P 500 due to its Big Tech overweight.</li>\n <li>But they see evidence in: dollar index(USDOLLAR)up 3.2% since June 1, MSCI Emerging Markets(NYSEARCA:EEM)down 4.1% since June, Russell 2000(NYSEARCA:IWM)down 0.5% since June 1, German bund yields at -0.3% vs. -0.11% in mid-May and Japanese 10-year at 0.04% vs. 0.09% at end of May.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Are Treasury yields sniffing out a Fed mistake?: At the Open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAre Treasury yields sniffing out a Fed mistake?: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3713572-are-treasury-yields-sniffing-out-a-fed-mistake><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Treasury yield curve continues to flatten this morning and that's bringing some selling in equities ascracks in the consensus of strong economic growth start to show.\nThe 10-year yield is down 4 ...</p>\n\n<a href=\"https://seekingalpha.com/news/3713572-are-treasury-yields-sniffing-out-a-fed-mistake\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/news/3713572-are-treasury-yields-sniffing-out-a-fed-mistake","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1190124335","content_text":"The Treasury yield curve continues to flatten this morning and that's bringing some selling in equities ascracks in the consensus of strong economic growth start to show.\nThe 10-year yield is down 4 basis points to 1.28% and the 30-year is down 5 basis points to 1.89%(NYSEARCA:TBT)(NASDAQ:TLT).\nS&P futures(SPX)(NYSEARCA:SPY), Nasdaq 100 futures(NDX:IND)(NASDAQ:QQQ)and Dow futures(INDU)(NYSEARCA:DIA)are all down around 1.4%.\nCredit Suisse Chief Equity Strategist Jonathan Golub, says there's an equal chance the 10-year ends the year at 1% as 2%, but if it's closer to 1% the stock market will be weaker.\n\"Higher rates are an indication that demand for capital is rising, it's a sign the economy is strong,\" he said on Bloomberg.\n\"The reason the market is selling off today is because people ask the question 'what the heck is wrong that interest rates are falling when the economy is supposed to be so strong?'\"\nDataTrek Research notes that along with the drop in yields, fed funds futures have repriced rate-rise expectations, now predicting just a small chance of a hike next year.\n\n\n\n\"It is tempting to say that the Treasury/Fed Funds Futures markets are starting to sniff out a Fed policy mistake, namely their intention to start increasing rates in the next 18-24 months,\" DataTrek writes.\nThey note a similar situation in November to December 2018.\n\n\nFrom Nov. 8, 2018 to Jan. 3, 2019 the 10-year fell from 3.24% to 2.56%.\nThrough 2017 and 2018 the Fed had boosted rates to 2.4%.\n\"Their guidance was for 2 more 25-basis point increases in 2019, but after equity markets cracked in December 2018 (S&P 500 -9.8 pct) Chair Powell came out on January 6th, 2019 and shifted to a wait and see mode. By July the Fed was back to cutting rates.\"\n\n\nThe problem with the Fed mistake theory is that equity markets are holding up fine, DataTrek says.\n\"Maybe that’s because Q2 earnings season should be excellent, and investors feel they can be patient,\" they say. \"Or maybe it’s just the seasonal volatility factors ... which favor lower vol (and stable stock prices) during the first part of July.\"\nFurther complicating matters is the employment situation, according to Avalon Advisors Chief Economist Samuel Rines.\nThe ISM services employment index \"fell off a cliff to the point of indicating employees were being shed not added,\" Rines notes.\n\n\n\n\"The employment picture painted from the ISM surveys is difficult to square with a booming economy,\" he writes. \"There is increasing uncertainty in the outlook for employment, and therefore Fed policy.\"\n\"With the escalating uncertainty around the employment picture, there should be an increase in fear of a Fed policy error. If the Fed becomes increasingly concerned about inflation, it could tighten policy early. Tightening policy before the labor market healed properly would certainly tame inflation pressures. But it would likely do so at the cost of employment.\"\nFor its part, DataTrek leans more to the explanation for the drop in yields of a modest growth scare that's obscured by the S&P 500 due to its Big Tech overweight.\nBut they see evidence in: dollar index(USDOLLAR)up 3.2% since June 1, MSCI Emerging Markets(NYSEARCA:EEM)down 4.1% since June, Russell 2000(NYSEARCA:IWM)down 0.5% since June 1, German bund yields at -0.3% vs. -0.11% in mid-May and Japanese 10-year at 0.04% vs. 0.09% at end of May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143364451,"gmtCreate":1625762181673,"gmtModify":1703748156096,"author":{"id":"4088731097314910","authorId":"4088731097314910","name":"RayLeee","avatar":"https://static.tigerbbs.com/2fe1271eea68456b327776b5a5f14ceb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088731097314910","authorIdStr":"4088731097314910"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/143364451","repostId":"2149328984","repostType":4,"repost":{"id":"2149328984","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1625756083,"share":"https://ttm.financial/m/news/2149328984?lang=&edition=fundamental","pubTime":"2021-07-08 22:54","market":"fut","language":"en","title":"Shell to sell its German Schwedt refinery stake in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2149328984","media":"Reuters","summary":"FRANKFURT, July 8 (Reuters) - Shell said on Thursday it expects to sell its 37.5% share in eastern G","content":"<p>FRANKFURT, July 8 (Reuters) - Shell&nbsp;said on Thursday it expects to sell its 37.5% share in eastern German refinery PCK Schwedt in the second half of 2021, pending approval by cartel authorities and its partners, Russia's Rosneft and Italy's ENI .</p>\n<p>The buyer is Vienna-based Alcmene GmbH, part of the Liwathon Group, an integrated logistics and investment business headquartered in Estonia, Shell said.</p>\n<p>The disposal is part of Shell's strategy to reduce its global refinery portfolio to those core locations that could be integrated into future centres of Shell's operations, as it strives to reduce fossil-fuels related activities and reach carbon neutrality by 2050 at the latest.</p>\n<p>\"This sale supports the shift of Shell's refining portfolio which includes the development of the high-value Energy &amp; Chemicals Park Rheinland,\" said Robin Mooldijk, Executive Vice President for Manufacturing at Shell.</p>\n<p>The transaction, to be executed by Shell Deutschland GmbH, would not have any impact on other interests of Shell in Germany, the statement said.</p>\n<p>It would not have a significant effect on Shell employees as Schwedt was a non-operated venture.</p>\n<p>Raw materials inventories will be valued at closing, based on actual volumes and prevailing market prices, said Shell, estimating a sum of between $150-250 million.</p>\n<p>Rosneft holds 54.17% and ENI 8.33% in PCK (Petrolchemisches Kombinat) Schwedt, which lies some 120 kilometres (km) northeast of Berlin. It currently processes 220,000 barrels of oil a day, Shell said.</p>\n<p>In February, sources familiar with the matter said Rosneft and Shell had not agreed on a new Urals oil supply contract for Schwedt via the Druzhba pipeline after a previous 100,000 tonnes-a-month deal had expired on Dec. 31, 2020.</p>\n<p>Other supplies, to secure a 300,000 tonne-a-month operation, had been received from Sugutneftegaz via the pipeline and yet others via two sea ports on the Baltic Sea, traders said at the time.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shell to sell its German Schwedt refinery stake in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShell to sell its German Schwedt refinery stake in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-08 22:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>FRANKFURT, July 8 (Reuters) - Shell&nbsp;said on Thursday it expects to sell its 37.5% share in eastern German refinery PCK Schwedt in the second half of 2021, pending approval by cartel authorities and its partners, Russia's Rosneft and Italy's ENI .</p>\n<p>The buyer is Vienna-based Alcmene GmbH, part of the Liwathon Group, an integrated logistics and investment business headquartered in Estonia, Shell said.</p>\n<p>The disposal is part of Shell's strategy to reduce its global refinery portfolio to those core locations that could be integrated into future centres of Shell's operations, as it strives to reduce fossil-fuels related activities and reach carbon neutrality by 2050 at the latest.</p>\n<p>\"This sale supports the shift of Shell's refining portfolio which includes the development of the high-value Energy &amp; Chemicals Park Rheinland,\" said Robin Mooldijk, Executive Vice President for Manufacturing at Shell.</p>\n<p>The transaction, to be executed by Shell Deutschland GmbH, would not have any impact on other interests of Shell in Germany, the statement said.</p>\n<p>It would not have a significant effect on Shell employees as Schwedt was a non-operated venture.</p>\n<p>Raw materials inventories will be valued at closing, based on actual volumes and prevailing market prices, said Shell, estimating a sum of between $150-250 million.</p>\n<p>Rosneft holds 54.17% and ENI 8.33% in PCK (Petrolchemisches Kombinat) Schwedt, which lies some 120 kilometres (km) northeast of Berlin. It currently processes 220,000 barrels of oil a day, Shell said.</p>\n<p>In February, sources familiar with the matter said Rosneft and Shell had not agreed on a new Urals oil supply contract for Schwedt via the Druzhba pipeline after a previous 100,000 tonnes-a-month deal had expired on Dec. 31, 2020.</p>\n<p>Other supplies, to secure a 300,000 tonne-a-month operation, had been received from Sugutneftegaz via the pipeline and yet others via two sea ports on the Baltic Sea, traders said at the time.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DWT":"三倍做空原油ETN","RDS.A":"荷兰皇家壳牌石油A类股","USO":"美国原油ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149328984","content_text":"FRANKFURT, July 8 (Reuters) - Shell said on Thursday it expects to sell its 37.5% share in eastern German refinery PCK Schwedt in the second half of 2021, pending approval by cartel authorities and its partners, Russia's Rosneft and Italy's ENI .\nThe buyer is Vienna-based Alcmene GmbH, part of the Liwathon Group, an integrated logistics and investment business headquartered in Estonia, Shell said.\nThe disposal is part of Shell's strategy to reduce its global refinery portfolio to those core locations that could be integrated into future centres of Shell's operations, as it strives to reduce fossil-fuels related activities and reach carbon neutrality by 2050 at the latest.\n\"This sale supports the shift of Shell's refining portfolio which includes the development of the high-value Energy & Chemicals Park Rheinland,\" said Robin Mooldijk, Executive Vice President for Manufacturing at Shell.\nThe transaction, to be executed by Shell Deutschland GmbH, would not have any impact on other interests of Shell in Germany, the statement said.\nIt would not have a significant effect on Shell employees as Schwedt was a non-operated venture.\nRaw materials inventories will be valued at closing, based on actual volumes and prevailing market prices, said Shell, estimating a sum of between $150-250 million.\nRosneft holds 54.17% and ENI 8.33% in PCK (Petrolchemisches Kombinat) Schwedt, which lies some 120 kilometres (km) northeast of Berlin. It currently processes 220,000 barrels of oil a day, Shell said.\nIn February, sources familiar with the matter said Rosneft and Shell had not agreed on a new Urals oil supply contract for Schwedt via the Druzhba pipeline after a previous 100,000 tonnes-a-month deal had expired on Dec. 31, 2020.\nOther supplies, to secure a 300,000 tonne-a-month operation, had been received from Sugutneftegaz via the pipeline and yet others via two sea ports on the Baltic Sea, traders said at the time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}