News
29 August 2024

Gunvor H1 profit halves as energy-trading boom slows

In:
Oil & gas
Region:
Europe

Gunvor Group posted its lowest first-half profit since 2021, the latest evidence of how margins for energy trading houses are coming off record highs. First-half profit was $417 million, down about 48% from a year earlier, Gunvor said. Group equity grew around 10% from the end of last year to $6.8...

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