Gunvor Group is ramping up its crude oil business, with trading volumes growing particularly out of the US, according to its co-founder and Chief Executive Officer Torbjörn Törnqvist.
Already one of the world’s biggest independent oil traders, Gunvor moved 79 million tons of crude and oil products in the first half, the most on record. The shift was in part due to the expansion of the company – which has built up its equity to $6.8 billion – and was primarily driven by more deals in North America, Törnqvist said.
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Publish date : 2024-09-08 21:00:00
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