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Gunvor halves half-year profit due to slowing energy trading boom


Gunvor halves half-year profit due to slowing energy trading boom

(Bloomberg) — Gunvor Group Ltd. reported its lowest half-year profit since 2021, the latest evidence that energy trading firms’ margins are slipping from record highs. Profits at major energy traders are gradually normalising after enjoying the most profitable period in their history in recent years. The companies are now grappling with less volatility in oil […]