In 2025, the global diesel price will be supported by refinery closures
Analysts and traders said that the global diesel market would likely see a price boost in 2025 due to the closing of around 1% of the refining capacity. This will offset the current…
APPEC-Gunvor expanding Asia operations and into power, according to chairman
Gunvor Group, a global energy trader, is expanding its Asia operations in order to expand into existing markets, such as liquefied petrol gas (LPG), gasoline, naphtha and aromatics, as well as new areas, including power.
Tellurian to Sell LNG to Gunvor, Delays Louisiana Project Start
U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Thursday it signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per annum (MTPA) of LNG.Tellurian…
Gunvor Returns to Profit in 2019
Energy trader Gunvor Group returned to profit in 2019 after its first net loss a year earlier, helped by record earnings in its U.S. division, and said business so far in 2020 remained strong.The Geneva-based firm…
Oil Majors Join Blockchain Platform
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.Vakt, already in…
Gunvor Opening London Trading Office, Closes Bahamas
Global energy trader Gunvor Group is opening its first London office while also closing its trading desk in the Bahamas to increase efficiency in North America, sources familiar with…
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S.
Gunvor to Grow Shipping, Partner with Others
One of the world's largest oil traders, Gunvor Group, plans to grow via ventures and could acquire stakes in businesses such as shipping or refining with partners, its founder Torbjorn Tornqvist told Reuters.
Swiss Traders Grab $10 Billion Slice of LNG Market
Traders mopping up LNG glut, finding new emerging market buyers. Swiss trading houses are muscling in on the global market for liquefied natural gas, until now the preserve of energy giants…
Gunvor Awarded Fortuna FLNG Offtake
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor…
Gunvor Executive Charged by Chinese Prosecutors
Chinese prosecutors have charged an employee of Swiss commodity trader Gunvor Group who has been held for a year for allegedly smuggling fuel and evading taxes on sales from the Philippines…
Gunvor Sounded Out Rivals to Sell Itself - WSJ
Gunvor Group Ltd, one of the world's largest oil traders, has discussed a possible sale of the company with at least two competitors, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Top Trading Houses Weigh in at Commodities Conference
Top executives from the world's largest commodity trading houses discuss trends in trading at the FT Commodities Global Summit in Lausanne, Switzerland, this week. "Trade policies coupled…
TrailStone buys Cargill's power, gas group
Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread…
Gunvor Signs $1.67bn Loan Refinancing
Swiss oil and energy trader Gunvor Group has signed a $1.67 billion revolving credit facility to refinance a US$1.15bn facility from November 2015 and a US$85m facility from November 2014, the company announced on Thursday.
Gunvor Group Closes $725m Borrowing Base Facility
Swiss oil and energy trader Gunvor Group has closed a $725m borrowing base facility to support its Dutch operations, the company said in a statement. The facility, launched by subsidiary Gunvor SA and Gunvor Belgium NV…
Gunvor Borrows $500 mln for U.S. Ops
Swiss-based commodities trading house Gunvor Group said on Monday it had secured $500 million in loans to support its newly established energy operations in Houston in the United States. The company said its U.S.
Gunvor Exports Its First US Crude Cargo
Swiss trader Gunvor Group Ltd is joining a chorus of trading houses in exporting U.S. crude, marking the latest cargo to leave U.S. shores just months after Congress lifted its four-decade ban on exports.
European Refiners Eye Margin Boost from Overseas Rivals
European refiners are to shut 7 percent of their capacity for autumn maintenance, potentially easing a profit-sapping supply glut, but will set their sights on overseas competitors'…
