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BP Singapore oil traders placed on leave amid disputed deals

Bloomberg
Bloomberg • 2 min read
BP Singapore oil traders placed on leave amid disputed deals
BP Plc has placed some personnel from its Singapore-based crude oil team on leave after they were mentioned in court documents filed in disputes between banks and other trading houses
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(20 July): BP Plc has placed some personnel from its Singapore-based crude oil team on leave after they were mentioned in court documents filed in disputes between banks and other trading houses, said people with knowledge of the company’s move.

Three members of the trading staff and one manager were placed on leave late last week as internal investigations are being conducted, said the people, who asked not to be identified as the information is private. The trading staff hold portfolios focused on BP’s oil sales to Chinese customers, while the manager overlooks crude trading in Asia, the people said.

A BP spokeswoman declined to comment on the matter.

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