Zenrock Commodities Trading

Broker's Calls

Surprise writ of summons unlikely to worsen slow year for China Aviation Oil

CAO's profits were below expectations and fell 57% y-o-y.

Oil & Gas

Singapore oil trader ZenRock says it plans to wind down business by August

ZenRock Commodities Trading Pte Ltd. is among a handful of trading houses in the spotlight after oil’s historic plunge earlier this year.

Oil & Gas

Police raid oil trader ZenRock's office after HSBC allegations

The turmoil engulfing Singapore’s oil trading community deepened on Friday as the country’s police force raided the office of ZenRock Commodities Trading following allegations made by HSBC Holdings.

Oil & Gas

HSBC files application to put oil trader Zenrock Commodities under judicial management

HSBC Holdings PLC took steps to oust its management as Europe’s biggest bank seeks to limit potential credit losses from the sector following the collapse of Hin Leong Trading (Pte) Ltd.

Oil & Gas

The tide turns for Hin Leong

The distressed Singapore oil trader has admitted to US$800 mil of undisclosed losses. Is its collapse a sign of deeper problems within the industry facing falling demand and cheap supply?