News Oil 

Oil slips from recent gains, though Middle East tensions remain high

“However, Iraq said Thursday that it expects to restore Kirkuk’s oil production to last week’s levels by Sunday” reports foxbusiness.com. That could imply the resumption of sanctions against Iran, which reduced supply by about 1 million bpd during the previous round.Oil prices slipped on Thursday, pressured by larger-than-expected product inventories in the United States, and some profit-taking after a recent run-up in oil benchmarks.Brent crude fell 64 cents to $57.52 a barrel from Wednesday’s mid-week high of $58.15 a barrel by 1135 EDT (1535 GMT). Analysts say crude supply should…

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Green age kicks: how ethical trainers won the fashion seal of approval

“During Milan fashion week, the glitziest party of the week was the Green Carpet awards hosted by Livia Firth to celebrate the Italian fashion supply chain” writes Tamsin Blanchard for theguardian.com. The problem with a lot of so-called “ethical” fashion brands is that, ultimately, they are producing more stuff we could all happily live without, thank you very much.Veja have become the holy grail – a sustainable fashion brand that doesn’t look like one. Source: theguardian.com Share This:

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Markets News 

Nike has lost its crown as king of the sneaker market — and a sneaker mogul has a simple explanation for why

“Nike’s crown as king of the sneaker market lasted until just recently when the unthinkable happened and the brand suddenly lost its “cool factor.”” writes Seth Archer for businessinsider.com. Making a crazy-popular sneaker is a classic supply and demand problem, with disastrous consequences if you get it wrong. Source: businessinsider.com Share This:

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Markets News Oil 

Oil markets stable on tighter US market, expected extension of OPEC supply cuts

“The oil market is tightening gradually,” said Tamas Varga, analysts at London brokerage PVM Oil Associates” reports foxbusiness.com. During the previous round of sanctions against Iran, around 1 million bpd of oil was cut from markets.”Geopolitical risk has returned to the oil market …Oil prices steadied on Thursday, holding onto most recent gains, supported by OPEC-led supply cuts, tension in the Middle East and lower U.S. production. I am expecting OPEC and Russia to agree on a further 9-month extension to production cuts,” said Shane Chanel at ASR Wealth Advisers. Source:…

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News Oil 

Goldman sees US-Iran tensions presenting long-term threat to global oil supply

“Goldman Sachs said Tuesday that while clashes in the Kurdistan region of Iraq posed a risk to oil output, intensifying geopolitical tensions between the U.S. and Iran remained a more formidable and longer-term threat to global oil supply” writes unknown author for cnbc.com. After several weeks of fairly flat trade, a risk premium has returned to oil markets and boosted global prices.If they are, we expect that several hundred thousand barrels of Iranian exports would be immediately at risk,” analysts at Goldman Sachs said in a research note published Tuesday.On…

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Markets News Regulators Stocks 

The moment of truth for U.S. stocks will take place in the next two weeks

“Using a combination of societal norms and natural lifetime investment patterns, The Investment Rate tells us in advance where current natural demand levels are” writes Thomas H for marketwatch.com. Natural demand levels defined by the Investment Rate are declining, but the fabricated demand coming from stimulus efforts have been consistent.This natural flow of money is defined by The Investment Rate, my longer-term macroeconomic model.Natural demographic demand is declining aggressively, and it will compound the adverse impact of the end of stimulus and the lower demand levels.That is simple supply and…

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Making A ‘Nicer’ World With A Smarter Supply Chain

“Even though chocolate buyers are willing to pay their procurer extra for ethical, child-labor free products, those procurers, in turn, generally net their supply from a few different sources” reports pymnts.com. Chocolate makers have expressed a desire to buy “clean beans,” particularly as the fair trade movement has become increasing popular over the last two decades, but they do not, in general, buy directly from the producers. Source: pymnts.com Share This:

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Apple may not be able to ramp iPhone X production until December, analyst says

“Though iPhone X sales are set to kick off with pre-orders on Oct. 27 and availability Nov. 3, the manufacturing and supply chain partners Apple uses are privately saying that volumes will not be ready in November” writes Tech Reporter for marketwatch.com. While iPhone 8 supply is good, the discounts have not yet been enough give wireless carriers incentives to attract more customers to two-year contracts.As for the iPhone 8, consumer interest is “OK but not tremendous” and customers are not buying as much as Cascend expected, the note says. Source:…

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Domino’s sees a boost from strong US demand

“(Reuters) – Domino’s Pizza Inc, the biggest U.S. pizza delivery chain, reported slower same-store sales growth in the third quarter, sending its shares down 3 percent in pre-market trade” writes Sruthi Ramakrishnan for businessinsider.com. Supply chain revenue accounted for 62.5 percent of the company’s revenue in the quarter.Domino’s shares have gained 31.3 percent this year, as the company has outperformed rivals such as Yum Brands’ Pizza Hut. Total revenue rose 13.6 percent to $643.6 million, above the average analyst estimate of $627.4 million. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing…

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