Nordea impairs value of its oil loans

Major Scandinavian bank Nordea has downgraded its shipping and oil loans by EUR 200 million in the third quarter. According to a press release following the third quarter results, the offshore market in particular is weighing the industry down.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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