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Force Majeure
A contract clause allowing parties to suspend or terminate obligations due to unforeseeable events beyond their control (e.g., natural disasters, wars, pipeline failures). Physical energy markets rely on specific force majeure language because physical delivery can be interrupted by these events. Read MoreDark Spread / Spark Spread
These are common in electricity and fuels trading, reflecting the margin between the cost of the fuel input and the value of the electricity output. Spark Spread typically refers to gas-fired power (price of electricity minus cost of natural gas).Dark Spread is similarly calculated for coal-fired generation. Read MoreTake-or-Pay
A contractual clause obligating the buyer to take (and pay for) a minimum contractually specified volume of product or pay as if the product had been taken, even if not physically delivered. Read MoreSwing (or Swing Volume)
The optional or flexible portion of a longer-term physical contract, allowing a buyer or seller to adjust volumes (within defined limits) based on demand, often seen in natural gas and power contracts. Read MoreContango / Backwardation
Contango: Future prices are higher than the spot price, often incentivizing storage (e.g., storing oil in tankers to sell later).Backwardation: Future prices are lower than the spot price, often disincentivizing storage and encouraging immediate sale. Read MoreNominations
In physical gas or crude oil trading, a “nomination” is the formal request or schedule that a shipper submits to a pipeline, storage facility, or terminal operator, detailing the volume of product to be transported, stored, or delivered over a given period. Read MoreBasis Differential (or Basis Risk)
The price difference between a reference price (e.g., at a major hub like Henry Hub) and the actual physical delivery location. Traders must manage basis risk to account for local supply/demand dynamics, transport costs, and pipeline constraints. Read MoreBalancing Mechanism (BM)
A system (frequently used in electricity markets) through which the grid operator balances the real-time supply and demand of energy. Market participants submit bids/offers to increase or decrease generation or consumption to keep the grid stable. Read More
Gunvor Group Results 2024
Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading companies, today announces the following financial information for the year ended 31 December 2024: Revenue: US $136 billionVolumes: 232 million MTGross profit: US $1.8 billionNet profit after taxes: US $729 millionEquity: US $6.5 billion Gunvor continued its track record of solid performance, posting […]
Gunvor Group Results 2024
Gunvor continued its track record of solid performance, posting a net income of US $729 million. The result reflects a return to more normalized energy markets compared with the previous two years Read MoreRecruitment Fraud
We have become aware that unauthorized individuals have been misusing the Gunvor Group name and logo, as well as the names of our directors, executives, and employees, in emails and on websites to fraudulently solicit upfront payments from individuals. Gunvor Group does not conduct business through social media, unsolicited emails, or written correspondence, nor does […] Read MoreFredrik Törnqvist
Fredrik Törnqvist Energy Transition Director Mr. Törnqvist serves as the Energy Transition Director at Gunvor Group, and Head of Nyera, the company’s renewables investment vehicle. He joined Gunvor in 2019 as a market analyst for Gunvor’s natural gas desk, one of the largest physical natural gas traders in Europe. He began his career at PricewaterhouseCoopers, […] Read MoreDownstream
Gunvor has select investments in consumer fuel retail and distribution, which supports the company’s strategy of owning and investing in assets along the value chain that support core trading operations. Total PARCO Interested in working at Gunvor Group? Read MoreChemical Recycling
Chemical recycling refers to an array of advanced processes that convert plastic waste into its fundamental chemical constituents, which can then be utilized to produce new plastics or other products. Unlike traditional mechanical recycling methods that simply melt and remold plastics, chemical recycling involves breaking down polymer chains into their original monomers or transforming them […] Read More
Akaysha Energy and Gunvor Group Sign Landmark Offtake Agreement for Australian Large Scale Battery Storage
Brisbane, Australia – Akaysha Energy, a market leader in large-scale battery energy storage systems (BESS), and Gunvor Group a global energy powerhouse, are pleased to announce a long term Offtake Agreement for Akaysha’s large scale Battery Energy Storage System (BESS), in Brendale, Queensland. The risk-hedging offtake product, known as a Battery Revenue Swap Agreement, […]Circular Products
Gunvor is trading circular products to reduce the dependency on virgin fossil resources, to minimize environmental impact, and to reuse the valuable hydrocarbon content present in waste streams.
Read MoreGunvor Group Brochure 2025
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure—refineries, pipelines, storage and terminals—Gunvor further generates sustainable value […]