Oil market at risk of glut if sanctions lifted - Gunvor CEO

Name: Oil market at risk of glut if sanctions lifted - Gunvor CEO
Uploaded: 2025-11-05
Description: Gunvor Group CEO Torbjörn Törnqvist says U.S. and European sanctions on Russian and Iranian oil have kept large volumes stored on tankers, with a potential glut that could flood the market if sanctions are lifted.

Gunvor Group CEO Torbjörn Törnqvist says U.S. and European sanctions on Russian and Iranian oil have kept large volumes stored on tankers, with a potential glut that could flood the market if sanctions are lifted.

05/11/2025 14:25 MYT