Noble expands S'pore oil team to focus on growing regional demand

Singapore

EMBATTLED commodity merchant Noble Group is expanding its Singapore oil team to focus on growing regional demand despite a price rout that has hurt some companies trading in crude oil and refined products.

Noble, one of Asia's biggest commodity traders, is expanding its oil desk even as it remains under pressure from a dispute that started when little-known Iceberg Research accused it of inflating its asset values.