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Zenrock Commodities Trading
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Surprise writ of summons unlikely to worsen slow year for China Aviation Oil
CAO's profits were below expectations and fell 57% y-o-y.
August 21, 2020
Oil & Gas
Singapore oil trader ZenRock says it plans to wind down business by August
ZenRock Commodities Trading Pte Ltd. is among a handful of trading houses in the spotlight after oil’s historic plunge earlier this year.
July 08, 2020
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
HSBC files application to put oil trader Zenrock Commodities under judicial management
HSBC Holdings PLC took steps to oust its management as Europe’s biggest bank seeks to limit potential credit losses from the sector following the collapse of Hin Leong Trading (Pte) Ltd.
May 06, 2020
Oil & Gas
The tide turns for Hin Leong
The distressed Singapore oil trader has admitted to US$800 mil of undisclosed losses. Is its collapse a sign of deeper problems within the industry facing falling demand and cheap supply?
April 24, 2020