Gunvor denies rumours of collapse on gas trades gone wrong

gunvor, margin, trader, gas, zerohedge,
Middle East

Gunvor denies rumours of collapse on gas trades gone wrong

Margin calls stemming from the gas market have not pushed Gunvor to the brink, the trader said.

Financial scuttlebutt site Zerohedge set out a number of worrying statements on Gunvor’s financial health on October 8.

Zerohedge said its “credible sources” had reported that Gunvor’s trading activity in “Geneva is effectively frozen with its remaining gunpowder serving to manage its decay. The bonuses in arrears won’t get paid.”

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