ASIA RESIDUAL FUELS: Key market indicators for July 4-8

Singapore marine fuel oil 0.5%S supply was not expected to increase greatly over July 4-8 even though the Singapore 10 ppm gasoil crack spread has narrowed, as the crack spread for gasoil remains higher than for marine fuel 0.5%S, maintaining the flow of cutter stocks into the gasoil market, market sources said. In contrast, high sulfur fuel oil supply was…