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Commodity trader sues Torm and Valero

Commodity trader Gunvor demands damages from Torm and Valero in a case about 300,000 barrels of the petroleum product naphta. According to the commodity trader, the product was contaminated.

Gunvor projects cap on oil price hikes in 2019

The world's leading petroleum producers are not interested in oil prices becoming too high, says oil trader Gunvor, which expects that scrubbers will ensure continued high demand for high-sulfur fuel oil.

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