Jul 19, 09:29 AM

Worldwide IT Outage Disrupts Major Oil and Gas Trading Desks in London and Singapore on Friday

Several major oil and gas trading desks in London and Singapore are struggling to execute trades due to a worldwide IT outage, according to press reports. The outage, which occurred on Friday, has disrupted energy trading and affected traders in oil, gas, power, stocks, currencies, and bonds. The incident has also impacted bankers from Hong Kong, London, Dubai, and South Africa, leaving many unable to log on to computer systems and hindering their ability to make trades. Sources say the outage has hampered operations for companies and banks.

#London #Singapore #Hong Kong #Dubai #South Africa

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