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News

Gunvor provides regular news updates here, as well as on Twitter and LinkedIn.

9 November 2022

Gunvor USA LLC (“Gunvor USA” or “the Company”), a subsidiary of Gunvor Group Ltd (“Gunvor” or “the Group”), has successfully closed the syndication of its US $1.45 billion uncommitted borrowing base credit facility (“the Facility”). The Facility includes a US $1.16 billion one-year tranche, a US $290 million two-year tranche, and a US $500 million

9 November 2022

Gunvor USA LLC (“Gunvor USA” or “the Company”), a subsidiary of Gunvor Group Ltd (“Gunvor” or “the Group”), has successfully closed the syndication of its US $1.45 billion uncommitted borrowing base credit facility (“the Facility”). The Facility includes a US $1.16 billion one-year tranche, a US $290 million two-year tranche, and a US $500 million

7 September 2022

VAKT today announces that the first-ever physical oil trade confirmations are being conducted using the VAKT technology. Gunvor Group and TotalEnergies Trading SA (TOTSA) lead this industry first, with more counterparties to follow. This digitised transaction is a milestone for the oil trading industry. Due to the complexity of physical oil trades, the contracting process has traditionally been manual and intricate.

7 September 2022

VAKT today announces that the first-ever physical oil trade confirmations are being conducted using the VAKT technology. Gunvor Group and TotalEnergies Trading SA (TOTSA) lead this industry first, with more counterparties to follow. This digitised transaction is a milestone for the oil trading industry. Due to the complexity of physical oil trades, the contracting process has traditionally been manual and intricate.

21 July 2022

Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading companies, today announces the following preliminary financial information for the half-year ended 30 June 2022: Revenue, H1 2022: US $89.1 billion FY 2021: US $135 billion H1 2021: US $47.7 billion Volumes, H1 2022: 99 million MT FY 2021 : 240 million MT H1

21 July 2022

Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading companies, today announces the following preliminary financial information for the half-year ended 30 June 2022: Revenue, H1 2022: US $89.1 billion FY 2021: US $135 billion H1 2021: US $47.7 billion Volumes, H1 2022: 99 million MT FY 2021 : 240 million MT H1

11 July 2022

Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 990 million Off Balance Sheet Instruments Revolving Credit Facility (“Facility”) in favor of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Singapore Pte. Ltd., Gunvor Raffinerie Ingolstadt GmbH and Gunvor Petroleum Rotterdam B.V.. The Facility received strong support from Gunvor’s banking and institutional

11 July 2022

Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 990 million Off Balance Sheet Instruments Revolving Credit Facility (“Facility”) in favor of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Singapore Pte. Ltd., Gunvor Raffinerie Ingolstadt GmbH and Gunvor Petroleum Rotterdam B.V.. The Facility received strong support from Gunvor’s banking and institutional