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 category of energy sources derived from biological materials (biomass), such as plants and animal waste. These fuels are considered to be renewable because the feedstock used in... Read more, Natural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... Read more, and **Renewables** Renewables, short for renewable energy sources, refer to energy that is collected from resources that are naturally replenished on a human time scale, such as sunlight, wind, rain, tides,... 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 a state of balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere. Achieving net-zero means that any carbon dioxide... Read more to combat Climate Change Climate change refers to the long-term alteration in the average weather patterns that have come to define Earth’s local, regional, and global climates. These changes have a broad... Read more.
Hydrogen is the simplest and most abundant chemical element in the universe, represented by the symbol H and the atomic number 1. In standard conditions for temperature and pressure, hydrogen... Read more, Ammonia (NH3) is a colorless gas with a distinctive pungent smell. It is a compound of nitrogen and hydrogen and is a critical chemical in the production of fertilizers, which... Read more, and Solar In the context of energy commodities and power generation, "solar" refers to the utilization of energy from the sun to produce electricity or heat. This process is harnessed through... 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 reliance on fossil fuels such as coal, oil, and natural gas towards more sustainable and renewable energy sources like solar, wind, hydroelectric,... 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.