Gunvor Eyes Investment in U.S. Oil and Gas

Swiss commodity trading major Gunvor is considering asset purchases in the U.S. oil and gas space, Reuters has reported, citing unnamed sources, in a bid to build a better relationship with the Trump administration. President Trump called Gunvor a “Russian puppet” after the Swiss company made a bid for the international business of Russian oil major Lukoil. The bid was worth $22 billion and there were no rivals but the U.S. sent a strong signal it would block the deal. Following that signal, Gunvor droppe ...