Swiss trader’s audacious swoop on Russian group’s overseas assets revives industry speculation over Kremlin ties ...

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

Gunvor CEO Torbjorn Tornqvist discusses the energy trader's agreement to buy Lukoil's international assets, a week after the ...

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

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

Sanctions-hit Lukoil says it accepted Gunvor offer 'having undertaken not to negotiate with other potential buyers' ...

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

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

Torbjörn Törnqvist has just struck one of the deals of his lifetime, pouncing on the overseas operations of Lukoil soon after the Russian oil producer was hit with U.S. sanctions.

U.S. sanctions on Russia and Iran have led to an unprecedented volume of crude oil stored in tankers, signaling a potential market glut despite low on-land inventories.

Iraq’s state oil marketer SOMO has canceled three crude shipments from Russia’s Lukoil following new U.S. sanctions, forcing Lukoil to sell its international assets to Gunvor.

Iraq stopped the loading of three crude oil cargoes from LUKOIL in November amid concerns about US and UK sanctions on the ...