Financial Times, 22 Oct 2008, Javier Blas in London and John Burton in Singapore
Oil trading in Singapore almost halved in September as the financial crisis and slowing regional demand combined to keep speculators away from the world’s third largest energy trading hub.
The sudden drop in September’s trading came amid slowing economic growth in Asia, the world’s engine of commodities demand, as exported-oriented nations, including China, suffered from a reduction in overseas orders.
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