HSBC alleges Zenrock sought multiple loans for same oil cargo – court document

[ad_1] By Roslan Khasawneh, Anshuman Daga SINGAPORE (Reuters) – HSBC Holdings PLC HSBA.L has alleged that Singapore-based Zenrock Commodities Trading Pte Ltd engaged in a series of “highly dishonest transactions”…

Asia petchem producers plan to switch to LPG after price slump

[ad_1] NEW DELHI: Several Asian petrochemical producers plan to switch a portion of their feedstock from naphtha to cheaper liquefied petroleum gas (LPG) late in the second quarter as the…

Singapore imports of Russian naphtha surge as EU ban shifts flows

[ad_1] NEW DELHI, April 6 (Reuters) – Singapore’s imports of Russian naphtha nearly tripled in the first quarter of 2023, government data showed, after the European Union banned oil products…