One of the largest independent commodity traders Gunvor Group posted a record gross profit of US $4.881 billion and net profit of $2.36 billion for 2022. Gunvor joined other leading traders with record profits, capitalizing on arbitrage opportunities with the volatility since Russia invaded Ukraine. Trafigura Group reported a record profit for 2022 of $7 billion, Vitol Group $15 billion and Mercuria Energy Group $2.98 billion. Gunvor released the results on the Euronext exchange Wednesday noting a strong performance across … Continue reading “Energy Trader Gunvor Books Record $2.36 Billion Net Profit in 2022”