New Singapore oil trader Kairos targets US$1 billion in revenue

The latest start-up in Singapore, Kairos Oil Trading, said that it is targeting US$1 billion in revenues, which it hopes to achieve by ramping up trade and feeding growing demand in Asia’s emerging economies. Veteran oil trader Michael Ng heads Kairos Oil Trading. The new company has a representative office in Malaysia and plans to set up offices in London, Geneva and Beijing. (July 9, 2012)