Gunvor Group in the news

Normeston Trading, linked to Putin’s and Orban’s associates, profits from Russian oil deliveries to Hungary and Eastern Europe, circumventing sanctions and enriching Orban’s inner circle.

Gunvor's H1 2025 net profit fell 71% due to market oversupply and competition despite higher traded volumes and revenue.

Gunvor and SOCAR are competing to buy Italian oil refiner Italiana Petroli, with bids due by end of May and a valuation around 3 billion euros.

AMIGO LNG agreed to supply Gunvor Singapore with 850,000 tonnes per year of LNG for 20 years starting in 2028, enhancing US-Mexico energy trade and global LNG supply.

Gunvor and SOCAR are competing to buy Italian oil refiner Italiana Petroli, valued at around 3 billion euros, with final bids due soon.

AMIGO LNG and Gunvor signed a 20-year LNG supply deal starting in 2028, enhancing global LNG trade and U.S.-Mexico energy integration.

China is expected to maintain its high rate of oil stockpiling into 2026, continuing to absorb excess global crude supply.

Genesis Fertilizers and Gunvor USA LLC are partnering to secure natural gas supply, DEF offtake, and carbon credit sales for a sustainable nitrogen fertilizer plant in Saskatchewan.

Gunvor's CEO says the oil market is moving into oversupply territory, with increased production and stagnant demand pushing prices down.

Gunvor plans to stop terminal operations at its Europoort refinery in Rotterdam due to uncertain investment conditions.

US sanctions prevented Gunvor from acquiring Lukoil's foreign assets amid the Ukraine conflict, leading Gunvor to withdraw its purchase offer.

Gunvor is expanding into physical precious metals trading, hiring specialists in London and Singapore amid rising gold prices.

BGN is bolstering its trading team with experienced hires from Gunvor and Litasco, appointing new heads for Africa and light distillates business development.

AMIGO LNG and Gunvor signed a 20-year LNG supply deal for deliveries from Mexico's Guaymas terminal starting in 2028, supporting global energy trade and transition.

Gunvor withdrew its bid for Lukoil's foreign assets after the US Treasury criticized the company as a Kremlin puppet and opposed the deal.

Gunvor secured a $2.395 billion sustainability-linked revolving credit facility with ESG targets to refinance and support corporate activities.

Gunvor is expanding from precious metals derivatives into physical gold and silver trading, building a team in London and Singapore amid rising gold prices.

AMIGO LNG and Gunvor signed a 20-year LNG supply deal to deliver competitive LNG from Mexico's west coast starting in 2028.

Gunvor secured a US$1.335 billion oversubscribed sustainability-linked revolving credit facility with 28 banks, supporting its environmental and social commitments.

Gunvor dropped its $22 billion bid for Lukoil's overseas assets after the US Treasury blocked the deal, citing ties to Russia amid sanctions related to the Ukraine war.