Gunvor Banked Second-Best Ever Profit In 2023 Even As Energy Shocks Eased
- Trader Gunvor recorded $1.25 billion net profit last year
- Volatility across the year was still above historic levels
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Commodity trading house Gunvor Group Ltd booked its second-biggest profit ever, but flagged the market volatility that boosted its recent banner years has cooled.
The results follow similar bumper figures released by other major commodity traders like Trafigura Group and Louis Dreyfus Co. Even as the price swings sparked by Russia’s 2022 invasion of Ukraine eased, the fluctuations and supply shocks traders crave were still well above historic levels through most of last year.