Higher Oil Trading Volumes Boost Gunvor’s Revenue to $136 Billion ...Middle East

OILPRICE - Economy
Higher Oil Trading Volumes Boost Gunvor’s Revenue to $136 Billion
source : OILPRICE ( Middle East ) () 49
Higher volumes of crude oil and refined products trading helped Gunvor, one of the world’s biggest independent commodity traders, raise its revenues for 2024 to $136 billion, up from $127 billion for 2023. Gunvor’s revenue increase was led by the growth of physically traded volumes of crude oil and refined products, which compensated for the lower-price commodities environment, the group said on Tuesday. Net profit after taxes, however, fell to $729 million last year, compared to $1.252 billion for 2023. The lower net income for last…

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