Hints and tips:
...All the Gunvor-related customs declarations in January and February list its Swiss entity, Gunvor SA, as the buyer....
...Switzerland-headquartered Litasco SA said that following a reorganisation last year, Litasco Middle East was “no longer a subsidiary” of Litasco in Geneva....
...For the big companies such as Glencore, Gunvor, Mercuria, Trafigura and Vitol, which source, store and transport crude oil and related products, the market rout may be a boon, according to analysts....
...Transoil, which is thought to be at least 60 per cent owned by Gennady Timchenko, the co-founder of oil trader Gunvor, is the second-largest operator of crude oil and refined products rail wagons in Russia...
...Last month, the US Treasury placed sanctions on Gennady Timchenko, the co-founder of Gunvor, and claimed that Russian president Vladimir Putin was a secret investor in the company....
...Gunvor says it “has been examining potential investment opportunities in North America, [and] has reviewed some of the assets that JPMorgan has put up for sale.” The other traders had no comment....
...The auction’s result is a surprise defeat for Timchenko, a shareholder in Gunvor and ally of Vladimir Putin, who was forecasted as the winner by industry analysts and executives....
...On the other is Gennady Timochenko, owner of oil trader Gunvor and an ally of Vladimir Putin. (The two co-founded a judo club in St Petersburg together.) So who will walk away with the prize?...
...Rosneft registered last week a subsidiary called Rosneft Trading SA on the Rue du Rhône in Geneva, within walking distance of rivals Trafigura, Gunvor and Mercuria, the world’s third, fourth and fifth-largest...
...Glencore, the world’s biggest trader, is moving towards a public listing, while oil traders such as Vitol or Gunvor have disclosed some financial details....
...As Platts reported on Wednesday (H/T Morgan Downey, author of Oil 101): JP Morgan and Gunvor have fixed newbuild VLCCs to store gasoil, according to shipping reports, alleviating some of the gloom for...
International Edition