Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines

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Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines

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11-04-2020, 01:50 PM

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Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines

An honorable member of the Coffee Shop Has Just Posted the Following:

https://www.zerohedge.com/markets/s...erge-collapse-after-banks-freeze-credit-lines

Back in the second half of 2015, shortly after Saudi Arabia unleashed the (first) OPEC disintegration by flooding the market with oil in hopes of killing US shale (so deja vu... only back then it took it about two years for it to realize its low production costs are no match for the US junk bond market) and when China's economy briefly collapsed forcing Beijing to devalue...

Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines

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