Some oil-producing nations repay loans with crude. That could become a problem for banks and trading houses.
It’s a stark reminder of the last oil-price collapse when banks had to set aside additional funds to cover loan losses in the energy sector.
Banks extend credit to companies, including miner Glencore PLC, and privately held trading houses Trafigura Group Pte and Vitol Group, which in turn lend billions of dollars to oil producers by paying upfront...
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