Asia and Middle East Fuel Oil Daily Market Analysis / Asian fuel oil swaps time spreads firmer / HSFO cash differentials weaken on competitive offers / Singapore fuel oil stocks drop to 4-week low / repeated Ukrainian strikes on Russian energy infrastructure. The Singapore 380 CST HSFO / August-September swaps time spread was pegged at a backwardation of $13.25/metric ton / in midafternoon Asian trading July 17, compared with the assessment of the spread at / Mean of Singapore 380 CST HSFO assessments at a premium of $3.67/ mt at the Asian close / Aramco Singapore during the Market on Close assessment process. The Singapore HSFO / market would likely see increased shipments from Saudi Arabia in the coming days, as they / premium over MOPS 180 CST HSFO assessments at a lower premium of $6.75/mt at the Asian / close July 16, down from $8.08/mt in the preceding session, amid competitive offers from / Aramco Singapore for Augustloading cargoes during the physical trade window. The / Singapore marine fuel 0.5% August-September swaps time spread was pegged at $39/mt in / midafternoon trading July 17, compared with assessment of $38/mt at the Asian close July / 16. the Singapore marine fuel 0.5%S cargo’s cash differential over MOPS marine fuel 0.5%S / drifting away from a one-month high touched July 15, data showed. Lack of finished grade / on-specification 0.5%S marine fuel, however, is expected to bolster Singapore’s LSFO / fundamentals in the coming weeks, according to trade sources. Singapore’s commercial / oil imports decreased 42.3% week over week to 523,664 mt in the week to July 15, while / Singapore’s fuel oil exports rose 6.5% from the previous week to 282,731 mt in the week / FOB Singapore Marine Fuel 0.5% cargo Daily Rationale & Exclusions / Marine Fuel 0.5% FOB Spore cargo $/mt <AMFSA00> Assessment Rationale: The FOB / 1-5, Aug. 6-10, and Aug. 11-15 loading cargoes at Mean of Singapore Marine Fuel 0.5%S / assessment plus $25/mt each, and bids from Maersk for Aug. 1-5, Aug. 6-10, and Aug. 11-15 / Exclusions: No market data was excluded from the July 17 cargo assessment process. This / assessment commentary applies to the following market data codes: Marine Fuel 0.5% FOB