Hindustan Petroleum Corp. Ltd’s global oil trading desk would either be set up in Singapore or London. Photo: MintMumbai: State-run Hindustan Petroleum Corp. Ltd (HPCL) is planning to set up an international oil trading desk, two company officials aware of the matter said. “We are thinking of setting up an oil trading desk. “A trading desk at Singapore allows better access to information on crude oil and ensures operational flexibility. Indian Oil Corp. Ltd (IOCL), the country’s largest refiner and marketer, has a trading desk in Delhi.

Source: Mint September 25, 2016 19:07 UTC