Europe drives LNG import growth as Asia stumbles on higher price

LAUNCESTON, Australia, July 1 (Reuters): Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia.Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from...

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HSBC raises average gold price forecasts for 2025 and 2026

HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915, citing elevated risks and government debt, reports Reuters.Gold tends to perform well during periods of economic uncertainty and geopolitical tension, which lifted spot gold to a record high...

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Oil edges up

LONDON, July 1 (Reuters): Oil prices were slightly higher on Tuesday as investors assessed expectations that OPEC+ will announce an output hike for August at an upcoming meeting as well as trade negotiations.Brent crude was up 54 cents, or 0.8 per cent, to $67.28 a barrel at 1133 GMT, while...

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