Singapore Oil Trading Loss

Singapore s oil trading sector remains resilient notwithstanding the challenges posed by the drop in global demand for energy said the agencies which pledged to work with stakeholders to ensure singapore s supply chain for oil products and bunkering operations functions without disruption. Mitsui co was forced to close its singapore oil trading unit in 2007 after a trader lost 81 million in hidden naphtha trades. Mitsubishi corp japan s biggest trading house by revenue said on friday sep 20 a trader at its singapore based unit has lost us 320 million through unauthorised transactions in crude.

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Singapore Oil Trading Billionaire Admits Hiding Huge Futures

Singapore oil trader hin leong trading hid about us 800 million in losses racked up in futures trading suggesting a much bigger hole in its finances than thought.

Singapore oil trading loss. Read more at the business times. Singapore reuters bloomberg the legendary founder of top singapore oil trader hin leong trading hlt directed the firm not to disclose hundreds of millions of dollars in losses over several. Singapore an oil trader at mitsubishi corporation s singapore subsidiary petro diamond singapore has been fired and reported to the police after causing a loss of around us 320 million s 441. Mitsubishi corp japan s biggest trading house by revenue said on friday a trader at its singapore based unit has lost us 320 million through unauthorised transactions in crude oil derivatives and the matter has been reported to the police.

Fabled singapore oil trader hin leong hid about 800 million in losses racked up in futures trading on the orders of its founder lim oon kuin suggesting a much bigger hole in the company s. The dealer and his supervisor were imprisoned. The son of the legendary founder of hin leong said the singapore oil trader hid about 800 million in losses racked up in futures trading suggesting a much bigger hole in the company s finances. The son of the legendary founder of hin leong said the singapore oil trader hid about us 800 million 1 1 billion in losses racked up in futures trading suggesting a much bigger hole in the company s finances than thought according to people with knowledge of the matter.