Global Broker governance & inquiry App
Broker Search
English
Download

United States

2020-04-20 16:05

Technical indexOil Price Collapse Claims Scalp as Major Trader Fi
MAJOR OIL TRADER’S COLLAPSE, RISK APPETITE. TALKING POINTS: Oil trading giant Hin Leong has filed for bankruptcy protection Markets are now weighing the exposure of its lenders Energy prices’ collapse seems to have claimed a major player In every major crisis there comes a point at which weakening economic numbers translate into corporate scalps and the nodal Singapore energy market has reached that point. Its biggest oil trading firm Hin Leong Trading has filed for bankruptcy protection, seeking to restructure nearly $4 billion in debt. If course, the energy sector has taken an unprecedent hit. The coronavirus has shredded energy-demand forecasts even as major producers saturate the market with cheap oil. Oil prices have collapsed to lows not seen since 2001, even after major production cuts which have so far done nothing to revive it.
Like 1
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

TPKNX
Participants
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

Oil Price Collapse Claims Scalp as Major Trader Fi
United States | 2020-04-20 16:05
Like 1
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com