ASIA RESIDUAL FUELS: Key market indicators for July 25-29

Asian fuel oil was expected to face further downward pressure over July 25-29 as the market pushes increasingly into trading second-half August loading cargoes. The Asian low sulfur fuel oil market was likely to ease on the back of near-term demand-supply balance, pointing to an easing of availability of both finished grade product and low sulfur blending components in August….