Tongyuan Petroleum is an independent oil trade and logistics service enterprise, headquartered in Singapore. The company's main business includes crude oil trade, petroleum products trade and ship refueling. However, in early 214, when the price of crude oil plummeted, Tongyuan Oil suffered huge losses and declared bankruptcy in 215.

After nearly six years, in August 22, Tongyuan Petroleum resumed trading. After the resumption of trading, the company announced that it would re-enter the oil trading market, at the same time, it would focus on oil product trading and ship refueling business, and planned to expand its oil product trading business by using its shipping network.

One of the reasons for the resumption is the improvement of economic conditions. In the first half of 22, the global oil market recovered to a certain extent, and during this period, it found new opportunities in the market following the signs of other competitors. At the same time, price stability and increased demand were also the reasons for the resumption of the market.

Another reason is the adjustment of management. After the reorganization, the board of directors of Tongyuan Petroleum has undergone major changes, including the appointment of new senior managers and the increase of the company's professional skills and leadership experience. These changes have had a great impact on the company's operation and strategic decision-making, making it better able to cope with market changes.

In short, with the improvement of economic situation and the adjustment of management, Tongyuan Petroleum's decision to resume trading shows that the company is preparing to regain business and market share. However, the company needs to be cautious and focus on its core business in the new market environment to ensure profitability and sustainable development.