Iraq’s state oil marketer SOMO has canceled three crude shipments from Russia’s Lukoil following new U.S. sanctions, forcing ...

By Yousef Saba ABU DHABI (Reuters) -Western sanctions on Russia and Iran are creating record volumes of oil stored onboard ...

Gunvor Group CEO Torbjorn Tornqvist told Reuters on Wednesday that a potential deal to buy the foreign assets of Russia's ...

Commodities trader Gunvor Group is prepared to satisfy any concerns about continued Russian influence over assets it is ...

Gunvor Group Chief Executive Officer Torbjörn Törnqvist said an agreement to acquire Russian oil producer Lukoil PJSC’s ...

Lukoil has agreed to sell most of its international assets to Swiss commodity trader Gunvor after the US imposed sanctions on ...

Gunvor is required to secure OFAC permission, along with any other necessary licences, permits and authorisations in relevant ...

Sanctioned Russian oil producer Lukoil PJSC has agreed to sell its international assets to energy trader Gunvor Group.

The deal is set to hand Gunvor an extensive portfolio of assets, including major projects in Egypt, Azerbaijan and Uzbekistan ...

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U.S. sanctions on Russia and Iran have led to an unprecedented volume of crude oil stored in tankers, signaling a potential ...