“While there have been margin calls associated with the European natural gas price rally, Gunvor maintains a healthy liquidity position and instruments to manage any further volatility,”
– Gunvor Spokesman

To the contrary our sources indicate that Gunvor Group trading activity is effectively frozen with its remaining gun powder serving to manage its decay.

The bonuses in arrears won’t be paid.

Gunvor is getting flushed. The market has a job to perform but is not done yet. For us as an analyst it is has explained the extreme-volatility in the TTF gas market.
The trader’s future is purely and simply in the hand of Goldman Sachs, Citi and the long swap dealers at TTF. Continue reading →