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08-06-2015, 10:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Fuel oil trading houses 'betting against each other'
http://www.bunkerworld.com/news/Fuel...h-other-136901 (http://www.bunkerworld.com/news/Fuel-oil-trading-houses-betting-against-each-other-136901)
Reports say "unprecedented volumes" of fuel oil are being traded in the Singapore market. "This time round it's a serious play," a Singapore-based veteran oil trader with at least 10 years of experience in the industry told Reuters on Monday.
Strong buying was led by Swiss-based Glencore and Mercuria, China's PetroChina, and oil major BP.
Russian major Lukoil, Swiss-based traders Gunvor and Vitol, and French oil major Total were the main sellers.
Which banks are financing these trades?
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?208328-Crash-of-the-Titans-Fuel-oil-trading-houses-betting-against-each-other&goto=newpost).
Fuel oil trading houses 'betting against each other'
http://www.bunkerworld.com/news/Fuel...h-other-136901 (http://www.bunkerworld.com/news/Fuel-oil-trading-houses-betting-against-each-other-136901)
Reports say "unprecedented volumes" of fuel oil are being traded in the Singapore market. "This time round it's a serious play," a Singapore-based veteran oil trader with at least 10 years of experience in the industry told Reuters on Monday.
Strong buying was led by Swiss-based Glencore and Mercuria, China's PetroChina, and oil major BP.
Russian major Lukoil, Swiss-based traders Gunvor and Vitol, and French oil major Total were the main sellers.
Which banks are financing these trades?
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?208328-Crash-of-the-Titans-Fuel-oil-trading-houses-betting-against-each-other&goto=newpost).