Oil merchant ZenRock owes at least $615 million to banks, trade partners - documents

May 13, 2020 / www.metalbulletin.com / Article Link

Troubled oil trader ZenRock owes at least $615 million to banks, suppliers and customers, it said in Singapore court filings seen by Fastmarkets.

ZenRock has $116.1 million in secured financing owed to the banks HSBC, Natixis, BCP, Bank of China, Credit Agricole and ING Bank, the company's president, Xie Chun, told Singapore's High Court in an affidavit.

The company has $448.9 million in unsecured obligations to other market participants, it said in the filing, which was...

Recent News

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok