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as singapore's hontop energy becomes the latest oil trader to be embroiled in a fraud scandal, accused of creating elaborate fake trades and forging documents in order to obtain finance, gtr examines what went wrong in a sector already under intense pressure. allegations against hontop are a worrying...
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despite the steady growth in crude oil available for export, construction of pipelines to transport crude oil has been lag- ging, as many major pipeline projects have been delayed or cancelled. insufficient pipeline ca- pacity is driving increased shipments by rail- way—a more expensive (and slightly...