Gunvor CEO says oil market will be oversupplied if US sanctions on Russia disappear
ReutersNov 5, 2025 6:38 AM
ABU DHABI, Nov 5 (Reuters) - The CEO of Swiss based commodities trader Gunvor Group GGL.UL said on Wednesday that U.S. sanctions on Russian oil companies came out of the blue, but added that if all sanctions disappear, the market will clearly be oversupplied.
Torbjörn Törnqvist was speaking at ADIPEC energy conference in Abu Dhabi.
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