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Oil & Gas
Police raid oil trader ZenRock's office after HSBC allegations
The turmoil engulfing Singapore’s oil trading community deepened on Friday as the country’s police force raided the office of ZenRock Commodities Trading following allegations made by HSBC Holdings.
May 09, 2020
Oil & Gas
Oil prices dropped after three-day gain due to supply glut
Oil snapped a three-day gain as optimism over a nascent recovery in demand was replaced by worries about the supply glut, while the continued exodus of exchange-traded funds also weighed on sentiment.
May 04, 2020
Company in the news
Standard Chartered hit by bad loans including Hin Leong
Hin Leong and the other exposures only represent some of the highest-profile loans that could cause trouble for banks as pressures from the pandemic ripple through the financial system.
April 27, 2020
Oil & Gas
Oil prices have plunged to unprecedented levels. Now what?
The benchmark West Texas Intermediate (WTI) plunged into negative territory for the first time in history, as crude oil prices plummeted 300% to around minus US$40 per barrel on Monday.
April 21, 2020
Oil & Gas
Singapore oil trader Hin Leong failed to declare losses of US$800 mil
Hin Leong and Ocean Tankers both filed for court protection from creditors on Friday as the former struggles to repay its debts. Both companies are solely owned by the Lim family.
April 19, 2020
Commodities
Banks freeze credit to Singapore oil trader after price crash
The lenders to privately-held Hin Leong Trading (Pte.) Ltd. won’t issue new letters of credit to the company
April 10, 2020
Disruption and Digitalisation
Data is the new black gold
SINGAPORE (Sept 23): In a few fiery moments, the drone strikes on Saudi Aramco’s main facility at Abqaiq cut 5% off the global oil supply. Oil prices surged as much as 20% when the markets reopened as analysts scrambled to make sense of the impact. The
September 20, 2019
Sustainability
Oil jitters
There has been limited market reaction to the drone attacks on Saudi energy assets as investors focus on interest rates and weak growth. But the unprecedented scale of the strikes, and the threat of more, underline the risky ‘new normal’ for the globa
September 20, 2019
Crude Oil
Oil prices expected to face volatility in near term
SINGAPORE (July 10): Phillip Securities Research says oil prices are expected to fluctuate widely in the near term as the oil market embraces higher volatility.
July 10, 2018
Results
Interra Resources swings back to profitability in FY17
SINGAPORE (Feb 27): Interra Resources reported earnings of US$1.3 million ($1.7 million) for FY17 compared to its FY16 loss of US$8.1 million, mainly due to lower share of losses from associated companies.
February 27, 2018