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Crude-oil futures finished Monday at their lowest price in a week, with production in Libya, Norway and the Gulf of Mexico set to recover.

Libya lifted force majeure at its largest oil field, producers began restoring output in the Gulf of Mexico following Hurricane Delta, and crude output in Norway looked to recover following the end of an oil-worker strike.

West Texas Intermediate crude for November delivery
CL.1,
+0.30%

fell $1.17, or 2.9%, to settle at $39.43 a barrel on the New York Mercantile Exchange. December Brent crude
BRN00,
+0.28%

lost $1.13, or 2.6%, at $41.72 a barrel on ICE Futures Europe.

Front-month WTI, the U.S. benchmark, and global benchmark Brent on Monday both marked their lowest settlements since Oct. 5, according to Dow Jones Market Data.

With the passing of the hurricane and the resolution of the strike in Norway, “investors are more concerned about the higher output in

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In the next fortnight, the oxygen supplies required by the industry would be back to normal, said Industry Minister of Maharashtra, Subhash Desai in a media statement.

An online meeting with oxygen suppliers and entrepreneurs was held under the chairmanship of the Minister. A detailed discussion was held on the oxygen shortage experienced by the industry. Oxygen is an important ingredient in processing and manufacturing industries.

MIDC CEO P Anbalgan, Industry Development Commissioner Harshdeep Kamble and Gas Association President Saket Tiku were also present.

A month ago, the state government had issued an order to reserve 80 per cent oxygen production for Covid patients. This has caused a huge shortage of oxygen to the industry. Even so, the pandemic condition has been improving over the course of the month. Keeping the Health department requirements in mind, the supply to the industries will also be improved, Desai said.

The state is

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Rollercoaster moves in the natural gas market over the past few weeks are underscoring traders’ uncertainty about whether a frigid winter, muted output, and rebounding demand will send prices rocketing higher in the coming months.

Gas futures settled more than 7 percent higher on Monday, mimicking gains in oil and equities. But just two weeks ago, prices posted their biggest one-day loss in almost two years. Historical volatility has surged to levels not seen since late 2018, and implied volatility, a measure of how dramatic price swings may be going forward, is the highest in data going back to 2010.

Bullish bets on US gas have soared as traders wager on lackluster production and surging demand heading into winter. Liquefied natural gas exports are rising as consumption recovers from pandemic-driven lockdowns, and as terminals restart after storm-related outages and maintenance. Meanwhile, shale output remains subdued as drillers heed investor calls

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By Jonathan Stempel

Sept 30 (Reuters)HP Inc HPQ.N will pay a $6 million civil fine to settle U.S. Securities and Exchange Commission charges it concealed efforts to boost sales of printing supplies in order to meet quarterly sales and earnings targets, the regulator said on Wednesday.

The SEC said some HP regional managers used incentives to accelerate, or “pull in,” sales they expected to materialize in later quarters.

It also said managers in one region sold steeply discounted supplies to distributors known to resell HP products outside their own territories, “cannibalizing” sales from local distributors and violating company policy.

The SEC said HP did not timely disclose to investors how these practices, which occurred in 2015 and 2016, were reducing margins and boosting inventories at the Palo Alto, California-based technology company.

On June 21, 2016, HP announced a plan to reduce inventories in its distribution channels, and

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As the pandemic tightens its grip with India reporting nearly one lakh new cases on a daily basis, the States are rushing to ensure uninterrupted Liquid Medical Oxygen (LMO) supplies for the critical Covid-19 patients.

Concerns in the medical community over the shortage of medical oxygen had started gaining ground from Madhya Pradesh, Maharashtra, Karnataka, Gujarat, Rajasthan, Punjab among other major States.

State governments have started issuing orders capping supplies for industrial use, especially as unlock measures get underway.

According to medical experts, the use of oxygen at the hospitals treating Covid-19 patients has gone up significantly over the past few weeks.

Gujarat demand up

Speaking to Businessline, MM Prabhakar, Medical Superintendent at Ahmedabad Civil Hospital – Gujarat’s largest State-run hospital, said, “There is no change in protocol (for treatment of covid-19 patients). If a patient is put on BiPAP, then the requirement of oxygen is more… May be there

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India had assured Bangladesh that it will be given high priority in the supply of Covid-19 vaccines once they are ready and the government is glad to note that private enterprises from both sides are working together to take this ahead, Ministry of External Affairs (MEA) spokesperson Anurag Srivastava has said.

India’s connectivity with Bangladesh through inland waterways has also got a shot in the arm with the beginning of a trial run of the Sonamura-Daukandi route connecting Tripura with the National Waterways of India through Bangladesh, Srivastava pointed out at the weekly media briefing on Thursday.

On the possibility of holding the Quad Ministerial meeting between India, Australia, US and Japan, and the US-India 2+2 Ministerial dialogue later this year, the spokesperson said that India was looking forward to the meetings and the details were being worked out.

“The Covid-19 situation was discussed between India and Bangladesh during the

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By ANNE D’INNOCENZIO, AP Retail Writer

NEW YORK (AP) — Americans turned to Walmart’s online business as well as its stores for supplies and home goods as the virus surged in new regions, resulting in soaring sales for the fiscal second quarter.

Walmart’s online sales nearly doubled in the fiscal second quarter, helped by an expansion of its online delivery services. Sales at U.S. locations opened at least a year jumped 9.3%, the company reported Tuesday.

The nation’s largest retailer topped almost all expectations by wide margins and company shares, which hit an all-time high Monday, jumped another 6% before the opening bell only to retreat into negative territory.

Consumers had already begun to rely on Walmart and other essential retailers like Target and Amazon as lifelines for necessities during the start of the pandemic, sending Walmart’s online sales up 74% for the fiscal first quarter. That trend accelerated to

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Anne D’Innocenzio, Associated Press
Published 7:43 a.m. ET Aug. 18, 2020 | Updated 3:59 p.m. ET Aug. 18, 2020

New York – Americans turned to Walmart and Home Depot for supplies and do-it-yourself projects as they stayed close to home at a time when new cases of virus surged, resulting in soaring sales for their fiscal second quarter.

Walmart’s online sales nearly doubled in the fiscal second quarter, helped by an expansion of its online delivery services. Sales at U.S. locations opened at least a year jumped 9.3%, the company reported Tuesday. With customers not going out to eat as much, they’re cooking at home, spurring sales of groceries. They’re also buying items to set up their home office or improve their outdoor area, store executives said.

Home Depot, the nation’s largest home improvement chain, reported on Tuesday a 23.4% increase in sales at stores opened at least a year

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