US oil companies see big profit jump, gird for clash over pump prices with Trump
US oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump, who has been pressing his longtime ally Big Oil to bring down gasoline prices before midterm elections in November, reports Reuters.After months of Americans complaining about pain at the...
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India's auto industry defends ethanol fuel mandate
MUMBAI, July 4 (Reuters): Indian government and auto industry officials on Saturday defended the mandatory rollout of petrol blended with 20% ethanol, saying years of testing and service data showed no evidence of widespread vehicle damage, despite public concerns over lower fuel efficiency and engine safety.The fuel, known as E20,...
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JPMorgan sees $4,500 gold price in fourth quarter
JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to $4,300/oz in the third quarter and $4,500/oz in the fourth quarter, reports Reuters.The bank said the risks to its forecast skew to the downside,...
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LME metals whipsawed by war and peace in first half of 2026
LONDON, July 4 (Reuters): The early-year euphoria that propelled both copper and tin to record highs was doused by the launch of Operation Epic Fury at the end of February.The Iran war has dominated the headlines ever since, which has been challenging for traders because the headlines have been so...
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