Three BP fuel oil traders in U.S., 1 in London quit

SINGAPORE, May 31 (BestGrowthStock) – Resignations from BP Plc’s
(BP.L: ) fuel oil team have extended globally, with the departure
of three traders from its U.S. office, including the team
leader, and the head trader in London, three industry sources
said on Monday.

These take the total number of departures from the unit to
14 worldwide, after Reuters reported that five fuel oil traders
in Singapore and four support staff quit last Wednesday,
following the resignation of global fuel oil head Quek Chin
Thean a week before that. [ID:nSGE64P0MF]

When contacted, a BP spokeswoman in Singapore declined to
comment. The reason for the resignations was not immediately
clear.

The fuel oil traders in the United States and London
resigned over the past three to four weeks, the sources said.

“Most of BP’s fuel oil team, including the global head and
the heads of the three trading centres, have left in the past
month,” a U.S.-based source said.

Investment

(Editing by Ramthan Hussain)

Three BP fuel oil traders in U.S., 1 in London quit