News
01 September 2025

Gunvor profit drops 71% amid oil glut

In:
Oil & gas

Global commodity trader Gunvor reported a 71% fall in first-half net profit due to oil oversupply, increased competition, and thin trading margins. The Geneva-based group stated that its net profit after tax dropped to $120.8 million for the first six months of 2025, down from $417 million...

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