ShippingWatch

BP Singapore oil traders leave after probe on disputed deals

Four members of BP's Singapore-based crude oil trading team left the company this week after more than two months of internal investigations into their involvement in several disputed deals, say people familiar with the matter.

Photo: ARND WIEGMANN/REUTERS / X90184

Four members of BP Plc's Singapore-based crude oil trading team left the company this week after more than two months of internal investigations into their involvement in several disputed deals, said people with knowledge of the situation.

A manager in BP's Asia trading team, two oil traders and an originator were placed on leave in July after their names were mentioned in court documents filed by banks that alleged suspicious transactions between other trading houses. They left the company on Sept. 30, said the people, who asked not to be identified as the information is private.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs