How much did Mercuria and Gunvor’s profits increase year-on-year, and what time periods do those figures cover?

Mercuria Energy Group’s profits for the nine months to June jumped 122% year-on-year, reaching $2.01 billion; Gunvor Group’s profits for the six months to June surged 644% year-on-year, totaling $909 million.

What key factor does Gunvor explicitly credit for its record-breaking first-half performance?

Gunvor attributes its strong results to 'heightened volatility and the significant reshaping of global energy trade flows following the escalation of geopolitical tensions in the Middle East', which created 'attractive arbitrage opportunities'.

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