Orlen’s Former Oil Trading Chief Responds to $400 Million Loss

Orlen’s Former Oil Trading Chief Responds to $400 Million LossMacron Struggles to Deliver His Vision for a Stronger EuropeZambian Inflation Hits 26-Month High as Currency Rout ReturnsBNP’s Fixed Income Traders Trail for Fourth Straight QuarterThai Bourse Chair Quitting Seen as Prelude to Finance Chief PostBiden’s Power-Plant Pollution Rule Collides With Soaring DemandOrlen’s Former Oil Trading Chief Responds to $400 Million LossZambian Inflation Hits 26-Month High as Currency Rout ReturnsWind...

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Polish Oil Refiner Paid $400 Million for Crude It Never ReceivedPoland’s largest refiner said it will take a write-off equating to about $400 million as a result of oil that its Swiss trading unit paid for but never received.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Orlen Sheds More Light on How Its Swiss Unit Lost $400 MillionPoland’s largest business, the oil company Orlen SA, set out a more detailed account of how it says its Swiss-based trading unit managed to lose almost $400 million purchasing oil that never materialized.
Source: BNNBloomberg - 🏆 83. / 50 Read more »