Name: 亚洲最大的石油帝国之一如何崩溃（How One of Asia’s Biggest Oil Empires Collapsed）
Uploaded: 2021-05-27T07:18:55.000Z
Duration: 10 min 34 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

Singapore is one of the world's biggest oil-trading centers

and Hin Leong is a homegrown oil trader in Singapore.

程度副詞

Hin Leong has also always been very secretive.

So very little is actually known about Hin Leong.

from the Singapore oil trader, Hin Leong.

after Hin Leong filed for bankruptcy protection.

It was revealed that Lim had asked the company

to hide nearly a billion dollars in losses

from speculating oil futures over the years.

So it all started when we heard that major banks

were pulling financing from the oil trader Hin Leong.

And at first, we were shocked to hear this information.

and why were the banks unwilling to finance

All the answers only came to us much later.

I'm a senior reporter with Bloomberg News.

Serene and I and other colleagues in Singapore office

wrote the story about the collapse of Hin Leong,

one of the biggest independent oil traders in the world.

which is to supply shipping fuel to all the vessels

that come into the Singapore ports for refueling.

It's actually owned and founded by Lim Oon Kuin,

OK Lim was born in Fujian province of China.

From the associates who've known OK Lim for decades,

OK Lim was described as a low-key, humble,

OK Lim likes dining in a Singapore-based chain restaurant

He started off as a one-man, one-truck business.

and resell it to taxi companies, to bus companies

to involve a lot more of these tank trucks

and later on, it also developed to include

that will actually work as an integrated supply system

to allow him to buy, float and sell fuel to customers

And as more and more boats came to Singapore

Hin Leong grew because it was opportunistically

where information are basically available publicly,

oil traders in the world rely on the information

private to a small group and find the business opportunity.

is that he is a trader with a very big appetite for risk.

He's also one that thrives in the very opaque

and secretive market of oil trading in Asia.

So for example, at any one point in the Asian market,

exactly how much supply and how much demand

OK Lim would reach deep into his resources

and leverage on his relationships with his counterparts

to actually figure out what exactly was happening

and therefore to make bold decisions to dominate the market

and create a trading position that's beneficial for himself.

Once they purchased enough physical stockpiles

in a certain time of period and a certain area,

it did squeeze the market and push the prices higher.

In that case, Hin Leong and OK Lim can always sell

the inventories and sell the products to end users

This strategy was one of the source of his success

had heard that banks were pulling financing and credit lines

And as we know, financing, credit lines and liquidity

So we knew that something big was brewing,

that more information and the answers were unveiled.

Covid-19 brought the global economy to a screeching halt

and one industry hit particularly hard was oil.

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亚洲最大的石油帝国之一如何崩溃（How One of Asia’s Biggest Oil Empires Collapsed）

physical

exposure

appetite

develop