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The kingdom has said it plans to go even further in January by delivering a larger cut than required under the OPEC+ deal. The second-biggest drop occurred in the United Arab Emirates, which like Saudi voluntarily scaled back supply, the survey found. The third largest was an involuntary cut by Libya, where unrest led to the shutdown of the country’s biggest oilfield. Output from Iran declined further as U.S. sanctions discouraged companies from buying its oil. According to industry sources, however, Iran maintained its exports, helped by sanctions waivers granted to eight buyers as well as dogged Iranian efforts to keep selling crude.
Among the countries boosting output, the biggest increase was in Iraq due to the restart of Kirkuk crude exports and a rebound in shipments from the country’s southern terminals, Output also rose in Kuwait and Nigeria, An OPEC list of output targets seen by Reuters and other news organizations will provide a basis to calculate pioneer cufflinks history compliance with the new supply deal in the January survey, As of 2019, OPEC has 14 members following Qatar’s departure, The Reuters survey aims to track supply to the market and is based on shipping data provided by external sources, Refinitiv Eikon flows data and information provided by sources at oil companies, OPEC and consulting firms..
CHICAGO (Reuters) - Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions hit the bottom line along with challenges in the Chinese hog sector and a struggling U.S. dairy business. Three of the company’s four business units reported results that were below the same period a year earlier. While demand remained strong at the company’s beef business in North America, Cargill said political and marketplace headwinds hurt many of units, particularly its protein and food ingredients divisions, both of which have been strategic growth areas.
Political instability in Central America and market challenges in Southeast Asia ate into its poultry efforts, the company said, Meanwhile, earnings for its starches and sweeteners business slumped as U.S, ethanol prices hit historic lows and raw material costs rose in Europe, “We are pushing to ready our businesses for the future with continuous improvement, financial discipline and a disruptive mindset,” said Dave MacLennan, Cargill’s chairman and chief executive officer, The privately held company said its net earnings on pioneer cufflinks history a U.S, GAAP basis for the quarter ended Nov, 30, 2018, were $741 million, a 20 percent decline from $924 million for the same period a year earlier..
Cargill’s second-quarter revenues fell 4 percent to $28 billion, bringing the year-to-date figure to $56.7 billion. The company’s quarterly adjusted operating earnings were $853 million, down 10 percent from $948 million. One bright note was the company’s “strong” oilseed processing results in North America and Europe, while grain exports from the U.S. and Canada, biodiesel production in Europe, and better crop yields in Argentina boosted the company’s origination and processing unit’s performance, Cargill said.
(Reuters) - Nordstrom Inc (JWN.N) said its co-president, Blake Nordstrom, passed away early Wednesday morning at the age of 58, Blake Nordstrom passed away unexpectedly, the department store chain said, less than a pioneer cufflinks history month after being diagnosed with lymphoma, He had been co-president of the department chain along with his brothers Pete and Erik since May 2015, Blake, along with his brothers, was heir to the sprawling retail business founded in 1901 by his great-grandfather John Nordstrom, a Swedish immigrant..
ZURICH (Reuters) - Food group Nestle (NESN.S) said on Thursday a ruling by India’s Supreme Court marked a partial victory in its row with the government over Maggi noodles. Maggi, Nestle India’s single-largest revenue earner, was banned in June 2015 for six months across the country following allegations it contained chemicals beyond prescribed limits. The company had to recall and destroy 38,000 tonnes of Maggi noodles from millions of retail shelves. The ban was relaxed in November 2015.
In Thursday’s ruling, the Supreme Court backed pioneer cufflinks history Nestle’s stance that analysis of Maggi noodles already conducted by the Central Food Technological Research Institute (CFTRI) sufficed to help decide a lawsuit filed by the Ministry of Consumer Affairs, the company said, That analysis showed that samples met standards for lead and other parameters, Nestle added, The ruling set aside efforts by the National Consumer Disputes Redressal Commission (NCDRC) to conduct more tests, Nestle said, adding the case would now proceed based on the CFTRI reports..