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Thu 27 May 2010, 07:27 GMT

BP fuel oil traders resign - source


Members of BP's fuel oil trading desk in Singapore are reported to have left the company.

A number of members of staff at BP PLC's fuel oil trading desk in Singapore are reported to have resigned, according to Dow Jones.

Market participants said at least three fuel oil traders have left the company, including senior trader and team leader Edmund Lau.

Some trading sources said that as many as five of BP's fuel oil traders had resigned, but the reason for their departure was unclear.

A company spokesperson declined to comment on the matter, stating that the company does not comment on staff moves and related issues.

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