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The hosts of some of the most lavish parties, which are largely dotted around Mayfair and Knightsbridge in London, say there is a balance to be sought.For the beneficiaries of the crash, such as the large trading houses that have been able to turn handsome profits from storage opportunities and the financing of cash-strapped oil producers, they want to avoid appearing too ostentatious as others suffer. But a market driven by uncertainty over Opec policy, defaults in the US shale industry, and Iran's re-entry to the oil market, could present opportunities for nimble traders to exploit. Socar, the trading division of Azerbaijan's oil company, hosts one of the most lavish parties.
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