Asia and Middle Eastern Gasoil Daily Market Analysis / Results emerge for offer tenders issued by Taiwan’s CPC, South Korea’s GS Caltex / India raises diesel export tax, signaling prioritization of domestic supply / Singapore’s gasoil imports fall to two-week low of 179,403 mt / August-September Singapore gasoil swaps time spread — an indicator of the near-term / market outlook — at $6.92/barrel in midafternoon Asian trading July 17, widening compared / to $6.11/b at the 0830 GMT July 16 Asian close. The benchmark cash differential for FOB / Aug. 10-25 from Kaohsiung at a premium of around $3.00/b to the August average of the / Mean of Singapore 10 ppm sulfur gasoil assessments, FOB. Meanwhile, South Korea’s GS / discount of around $1.40/b to the August average of the MOPS 10 ppm sulfur gasoil / 500 ppm sulfur gasoil, prices may receive support from Vietnam, which had higher demand / export opportunities amid renewed concerns about crude and product flows from the Middle / may not be large enough to make a significant dent in exports immediately, unless further / increases follow. In statistical news, Singapore’s onshore commercial stocks of middle / gasoil and jet fuel declined, data from Enterprise Singapore showed July 17. This volume / represented a nine-week high, with stocks last higher in the week ended May 13 at 10.36 / from Enterprise Singapore. Singapore’s gasoil exports dropped 9.7% week over week to / 274,773 mt, with shipments to Indonesia falling 80.7% to 10,719 mt and those to Papua New / Guinea declining 91.9% to 2,164 mt, the data showed. Malaysia, the top recipient of / the data showed. This was followed by Australia with 62,499 mt and the Netherlands with / an 8.5% decline to a two-week low, the data showed. Import volumes were previously lower / Asia and Middle Eastern Gasoil Cargo Daily Rationale & Exclusions / Gasoil .001%S (10ppm) FOB Spore Cargo <AAOVC00> assessment rationale: The benchmark / FOB Singapore Gasoil 0.001% (10 ppm) cargo assessment July 17 was based on the adjusted / day over day at MOPS Gasoil assessment plus $3.30/b, as the front month August/September / gasoil swap spread was up 98 cents/b day over day at plus $7.09/b. Gasoil .05%S (500ppm) / FOB Spore Cargo <AAFEX00> assessment rationale: The FOB Singapore Gasoil 0.05% (500 / ppm) cargo assessment July 17 was based on the adjusted relationship between the physical / and swaps markets. The cash differential was up 49 cents/b day over day at MOPS Gasoil / assessment plus $2.33/b, as the front month August/September gasoil swap spread was up / 98 cents/b day over day at plus $7.09/b. Gasoil FOB Spore Cargo <POABC00> assessment / rationale: The benchmark FOB Singapore Gasoil 0.001% (10 ppm) cargo assessment July 17 / was based on the adjusted relationship between the physical and swaps markets. The cash / front month August/September gasoil swap spread was up 98 cents/b day over day at plus / $7.09/b. Exclusions: No market data was excluded from the July 17 Singapore Gasoil Market / FOB Fujairah Gasoil Daily Rationale & Exclusions / Gasoil FOB Fujairah cargo <AFUJK00> assessment rationale: The FOB Fujairah Gasoil / assessment on July 17 was assessed at a premium of $10.25/b to the MOPAG gasoil / assessment, taking into consideration prices in the FOB Fujairah gasoil market as well as / $137.52/b. Gasoil 500 ppm FOB Fujairah cargo <AFUJN00> assessment rationale: The FOB / Fujairah 500 ppm Gasoil assessment on July 17 was assessed at a premium of $5.25/b to the