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Oil trading and bunkering sectors face slump in demand, say experts | Video

02:31 Min
Due to travel restrictions and lockdowns, oil prices have plunged as demand for crude has dried up. The collapse in oil prices has led to the unravelling of Hin Leong, one of Singapore's biggest shipping fuel suppliers. Experts say the slump in demand and oil prices may be expected to last for the rest of the year. Brandon Tanoto reports.
Due to travel restrictions and lockdowns, oil prices have plunged as demand for crude has dried up. The collapse in oil prices has led to the unravelling of Hin Leong, one of Singapore's biggest shipping fuel suppliers. Experts say the slump in demand and oil prices may be expected to last for the rest of the year. Brandon Tanoto reports.

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