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Traders lose millions as LPG glut shocks market

Wednesday, July 20, 2016 - 05:50

Beijing

TRADERS in the liquefied petroleum gas (LPG) market face a "career-ruining" glut that has led to millions of dollars in losses as Chinese buyers, far from coming to the rescue, are in a stand-off with oil companies to cancel deals.

LPG, a historically niche and dislocated

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