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Positive trends

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forex pcDemostenes Floros | aboutenergy.com

Versione in italiano

Price increases had three major drivers: the collapse of Iranian exports, the decrease in US stocks and the depreciation of the dollar.

Oil and currency trends

In August, oil prices surged. In particular, Brent North Sea quality opened the negotiations at $72.53/b and closed at $77.8/b, while West Texas Intermediate began the transactions at $67.79/b, concluding at $70.01/b. At the time of writing, Brent was trading at $79.15/b and WTI at $69.47/b due to the turmoil in Libya.

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Donbass: We won't make a step back

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of Clara Statello

The attack on Zacharchenko on Friday afternoon at the Separ coffee shop in the heart of Donetsk caused another five deaths and 11 injuries. A child would also be among the victims. The site of the explosion is located a few hundred meters from the headquarters of an OECD, increasingly reduced to a silent and opaque puppet. The attack was followed by an intensification of coverfire on the front line, but the People's Army managed to stop any Ukrainian desire for advance. Eduard Basurin, commander of operational command, told television channel Russia 24, to have recorded movements of Ukrainian troops along the line of contact, maximum alert level.

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50 years after the Prague events of 21 August 1968

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A Guardian interview with Josef Skala, leader of the KSCM leninist wing

Josef Skala, a leading exponent of the Communist Party of Bohemia and Moravia, sends us the text of his interviews to the London newspaper The Guardian, which has published only a few extracts. We gladly publish it as a contribution to a very problematic discussion, which remains open in the international communist movement.

Josef Skala, born in 1952 in socialist Czechoslovakia, graduated in 1975 at the faculty of journalism, author of numerous books and essays of historical-political nature, enrolled in the Czechoslovak Communist Party (KSC) since 1970, member of the presidency of the World Peace Council, and president of the World Student Union in the years 1987-1990, after the separation of Czechoslovakia in two States, he was vice-president of the Communist Party of Bohemia and Moravia (KSCM) in the years 2009-2011 and 2016-2018.

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To Samir Amin

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written by Andrea Catone (Editor-in-chief of Marx XXI Review)

Translated by Lorenzo Battisti

Beijing, May 5, 2018, huge hall full of young and old, Chinese and from all over the world. Samir Amin holds a plenary lecture for the large conference dedicated to Marx 200 years after its birth, organized by the Chinese University with over 330 speakers.

This is the last time I met him: lively and friendly as always, nothing suggested that he would leave us in a few months. Let us exchange a few words about the Italian situation and the emergence of reactionary, fascist mass movements, which he observes growing in European societies as a result of the capitalist crisis. For some years now he had been writing several articles and essays on this subject, such as the one published by Monthly Review in 2014, "The Return of Fascism in Contemporary Capitalism".

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The bearish effect of geopolitical events

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Demostenes Florosaboutenergy.com

Versione in italiano

As oil prices fall, global demand is expected to grow, both in the second half of 2018 and in 2019. In the current year, Asia is driving the increase in demand thanks to the estimated 900,000 b/d

In July, barrel prices significantly decreased. In particular, Brent North Sea quality opened the negotiations at 77.4 $/b and closed at 74.2 $/b, while West Texas Intermediate opened the transactions at 74.03 $/b, closing at 67.45 $/b.

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Wikileaks reveals political guardians of US interests in Italy

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of Francesco Galofaro (Marx21.it)

translated by Lorenzo Battisti

Ahi serva Italia, di dolore ostello,
nave senza nocchiere in gran tempesta,
non donna di province, ma bordello!
Dante, Purgatorio, VI, 76-78.

Ah serves Italy, of hostel pain,
helmsmanless ship in great storm,
not a provincial woman, but a brothel!
Dante, Purgatory, VI, 76-78.

L'Espresso and Repubblica has been maintaining an online archive of secret or confidential documents "spiked" by Wikileaks concerning Italy for some time [1].

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Prices rise even after OPEC agreement

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Demostenes Floros, Geopolitical and economic analyst

aboutenergy.com

In addition to the positive trend, the Vienna agreement has allowed Russia and Saudi Arabia to achieve two fundamental objectives: higher production and consequently higher income

Despite the agreement to raise oil output by 1,000,000 b/d achieved by the so called OPEC + group during their meeting in Vienna on June 22nd/23rd, barrel prices increased. In particular, WTI benchmark gained at around $7.5/b.

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The editorial of the new director of Marx21.it

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of Marco Pondrelli (new director of marx21.it)

My adventure as director of this site begins today. My first thought and my first thanks go to my friend and comrade Mauro Gemma, whom I thank for the beautiful words he said about me. I thank him, as so many have done in recent days, for the work he has done over the past 10 years: a job guided by professionalism and passion. I know I will not be up to your example, but I hope to be able to put all my energy into this work.

Directing a site that refers to Karl Marx is currently not at all easy. The Left in all its forms (communist, radical, reformist...) has never been so weak. Weakness that is, rather than electoral, cultural.

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As of 1st July a new director of Marx21.it. Greeting from the outgoing director

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of Mauro Gemma (former director of Marx21.it)

After more than ten years of almost daily commitment as director, since 2008 of lernesto.it, and since 2011 of Marx21.it, since July 1, while determined to continue to work with undiminished passion at the work of a site to which I dedicated an important part of my long political militancy, the time has come for me to hand over to a new direction.

The responsibility for the political management of the site will be assumed by comrade Marco Pondrelli, that the readers who follow with assiduity our site and are involved in its work of elaboration and documentation, already know for the political and cultural preparation and its active and competent contribution to our portal. I am sure that the new management of the site will be able to ensure the continuity of its presence in the network and to strengthen the quality of its journalistic offer.

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The Italian crisis and the responsibility of the Communists

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Andrea Catone (Editor-in-chief of the MarxVentuno review)

1. The Italian Constitution is based on parliamentary government. The president of the republic does not have the power to dictate the political direction of the government.

The President of the Republic Sergio Mattarella did not sign the nomination as Minister of Economy of Professor Paolo Savona, proposed to him, on the recommendation of the 5 Stars Movement (M5S) and League, by the President of the Council appointed Giuseppe Conte, who then resigned the mandate.

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