Gunvor moves physical energy from where it is sourced and stored to where it is demanded most, using the most logistically-efficient means possible: ships, rail, trucks, and pipelines.
While Gunvor has historically been an oil trader, our company ultimately trades what is tradeable and what the market demands. Biofuels are a type of renewable energy derived from biological sources, such as plants and animal waste. These fuels are used as an alternative to fossil fuels, with the aim... Read more, Natural gas is a fossil fuel composed mainly of methane, a hydrocarbon compound. It is formed deep beneath the Earth's surface as a result of the decomposition of organic matter... Read more, and Renewables: Renewables, also known as renewable energy sources, refer to sources of energy that are replenished naturally and are considered to be environmentally friendly and sustainable. Unlike fossil fuels, which... Read more today account for about half of our trading volumes.
Tomorrow, what we move will be dependent on how the world reconciles affordable energy and economic development with the imperative to achieve Net-zero emissions refers to the state in which human-caused greenhouse gas emissions are balanced by removing or offsetting an equivalent amount of emissions from the atmosphere. Achieving net-zero emissions is... Read more to combat Climate change refers to long-term alterations in average weather conditions that occur on a global scale, challenging the Earth's climate system. It is primarily caused by the increase in greenhouse... Read more.
Description: Hydrogen is the most abundant element in the universe, represented by the symbol H on the periodic table. It is a colorless, odorless, and highly flammable gas. In energy... Read more, Ammonia is a colorless, pungent gas composed of nitrogen and hydrogen atoms, represented by the chemical formula NH3. It is widely used in various industries, including as a key component... Read more, and Solar energy is a renewable and sustainable form of energy derived from the radiant light and heat of the sun. It is harnessed through the use of advanced technologies, such... Read more are areas of potential. Gunvor has already abandoned the trading of coal. To manage the risks associated with this changing energy landscape, we prepare and adapt.
Gunvor’s strength—which has enabled our company over the last two decades to become one of the largest independent traders in the world—is in being agile and entrepreneurial.
Our advanced analytics ensure for quick decision-making. Sound governance and robust Compliance limit risk. Digitization and artificial intelligence provides an edge.
Gunvor further upholds a working environment that fosters openness, cooperation, and interaction. We seek to stimulate innovation and improvement, and encourage our employees to bring new ideas and speak their minds.
For a trader like Gunvor, there are opportunities ahead to move energy forward—to grow globally, diversify our trading, and fulfil our role in the Energy Transition refers to the global shift from traditional fossil-fuel based energy systems to more sustainable and renewable sources of energy. It involves the gradual transformation of the energy sector,... Read more.
Gunvor moves physical energy from where it is sourced and stored to where it is demanded most.
Trading volumes refer to the amount of physical energy commodities sold over a given period. The current and expected volumes of supply and demand for the commodities in which Gunvor is active vary over time based on changes in resource availability, government policy and regulation, costs of production, global and regional economic conditions, demand in end markets for products in which the commodities are used, technological developments, including commodity substitutions, fluctuations in global production capacity, global and regional weather conditions and natural disasters. While 2022 saw a dip in overall trading volumes, the year saw a historic high in net profit.
For a trading company, revenues (also known as “turnover”) are reflective of the price of commodities during a given period and do not represent the money generated from normal business operations, as with manufacturing or producing companies. Therefore, increases or decreases in revenues are not necessarily iindicative of overall business performance.