Pyrophyte Acquisition II - Unit(PAII.U.US)

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Pyrophyte Acquisition II - Unit
PAII.U.US
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India-U.S. Trade Tensions Ease, Boosting India's Global Export Share

Economists from ANZ Bank report that easing trade tensions between India and the U.S. may boost India's global export share. India's 18% reciprocal tariff rate helps its exporters compete with other Asian economies. While complete removal of U.S. tariffs is unlikely, India may reduce Russian crude oil imports and increase energy purchases from the U.S. The Indian government plans to buy over $500 billion in U.S. goods, indicating a long-term commitment. ANZ Bank forecasts India's GDP growth rate at 6.8% to 7% for the fiscal year ending March 2027.

CoinLive·
CoinLive·

MORNING BID AMERICAS-Deals and delays

U.S. manufacturing shows signs of recovery, with factory activity expanding in January, impacting macroeconomic expectations. Equities remain strong, led by tech firms like Alphabet and Amazon. SpaceX acquires Musk's AI startup xAI, enhancing its data center ambitions. A trade deal with India will reduce tariffs and halt Russian oil purchases. Precious metals, particularly gold, see significant gains, while oil prices decline amid easing geopolitical tensions. The Indian rupee strengthens following the trade deal announcement. Upcoming corporate earnings reports include AMD and PepsiCo.

Reuters·
Reuters·

Asia Fuel Oil-VLSFO trades into discounts; HSFO rally continues

Asia's very low sulphur fuel oil (VLSFO) market is trading at discounts, while high sulphur fuel oil (HSFO) prices continue to rise. VLSFO trades have decreased in value due to increased supply expectations, with the hi-5 spread narrowing sharply. Meanwhile, HSFO cash differentials remain strong. Oil prices fell 1% amid easing U.S.-Iran tensions and a stronger dollar. Additionally, Indian refiners are awaiting a wind-down period for Russian oil deals, and a joint venture between Indian Oil Corp and Vitol has been delayed due to contract disagreements.

Reuters·
US
XOP
+1.10%
US
ODC
+1.38%
US
IEO
+0.90%
Reuters·
US
XOP
+1.10%
US
ODC
+1.38%
US
IEO
+0.90%

Russia claims it has not received information that India will no longer purchase Russian oil

Russian Presidential Press Secretary Dmitry Peskov stated that Russia has not received any information regarding India ceasing to purchase Russian oil. Previously, U.S. President Trump claimed that India would stop buying Russian oil and instead purchase oil from the United States and possibly Venezuela. Peskov also emphasized that Russia will continue to develop its relationship with India comprehensively

Wallstreetcn·
US
USO
+1.00%
US
XLE
+1.14%
US
XOP
+1.10%
Wallstreetcn·
US
USO
+1.00%
US
XLE
+1.14%
US
XOP
+1.10%

Asia Distillates-March diesel refiner sales upbeat; jet fuel window activity stays brisk

Asia's diesel markets are showing positive signs with firm timespreads in March refiner spot sales, while jet fuel deals remain active. Taiwanese companies are offering March-loading gasoil cargoes, and oil majors are expected to follow suit. Refining margins have decreased to around $20.3 a barrel, and cash differentials for gasoil have risen to a premium of 94 cents a barrel. Meanwhile, U.S. crude and distillate stockpiles are anticipated to have fallen, and oil prices have declined amid easing U.S.-Iran tensions and a stronger dollar.

Reuters·
US
IEO
+0.90%
US
IXC
+1.31%
US
BNO
+0.85%
Reuters·
US
IEO
+0.90%
US
IXC
+1.31%
US
BNO
+0.85%
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