Gunvor says trading and shipping thrived in second quarter

Oil trader Gunvor Group told its employees that the company thrived during the oil market collapse triggered by the coronavirus pandemic, as trading and shipping activities soared.

By Andy Hoffman and Laura Hurst, BLOOMBERG

The billionaire CEO of Gunvor Group told staff the firm thrived during the oil market meltdown caused by the Covid-19 pandemic as trading and shipping operations boomed, offsetting potential refinery writedowns.

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