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Commodities

Singapore oil trader Hin Leong battered by crude crash

Seeks moratorium on $4bn in debt as credit dries up amid pandemic

Singapore is a major Asian hub for energy trading and transport, a sector that has been hit hard by the coronavirus pandemic.   © Reuters
TAKASHI NAKANO, Nikkei staff writer | Singapore

SINGAPORE -- One of Singapore's foremost oil traders, Hin Leong Trading, is now struggling to stay afloat amid a plunge in crude oil prices and greater scrutiny by banks that has left it facing a cash crunch.

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