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Vitol Group

  • Tuesday, 14 October, 2025
    Commodities
    Commodities trading houses braced for ‘smaller rewards’

    Vitol, Gunvor and Trafigura experience difficult year after reduced volatility in energy prices hits returns

    Russell Hardy speaks on stage, gesturing with his right hand, during the Energy Asia Summit.
  • Wednesday, 3 September, 2025
    News in-depth
    Vitol: the secretive trading giant minting fortunes for its employees

    Commodity house is among world’s most profitable companies and has returned $20bn to senior staff over past three years

    Glass entrance of 160 Victoria Street office building with two people walking outside and blurred reflections on the glass.
  • Tuesday, 29 July, 2025
    Vitol staff handed record $10.6bn payout

    Commodity trader’s roughly 600 employee owners received average of more than $17.5mn in share buybacks last year

    A construction worker stands on pipes at the base of fuel storage tanks in Cyprus
  • Sunday, 2 February, 2025
    Oil demand to remain at current levels until at least 2040, Vitol says

    Commodity trader’s forecast indicates energy transition will be slower than anticipated

    Aurora borealis shines over oil derricks in Daqing, China
  • Thursday, 7 November, 2024
    Vitol plans metals move to hedge against decline in crude demand

    World’s biggest independent oil trader expands into materials needed for energy transition

    Vitol chief executive Russell Hardy speaks at the Financial Times Commodities Asia Summit in Singapore
  • Saturday, 28 September, 2024
    Vitol-owned UK power group enjoys profit surge on market disruption

    VPI profits soar as company owned by world’s largest commodity trader continues to benefit from 2022 energy crisis

    VPI Immingham power station
  • Monday, 29 July, 2024
    Vitol’s senior employees paid a record $6.4bn last year

    Remuneration highlights how commodity traders enjoyed a boom after Russia’s full-scale invasion of Ukraine

    A tanker moored in a gas and oil dock at the Port of Constanta in Constanta, Romania
  • Wednesday, 10 April, 2024
    Oil & Gas industry
    Top commodities traders dismiss IPO route after bumper profits

    Executives at Vitol, Trafigura and Mercuria say banks and export credit agencies have never been so keen to lend to them

  • Monday, 8 April, 2024
    Vitol posts $13bn profits in second consecutive year of bumper results

    Energy trader’s earnings mean another year of large payouts for senior partners

    Rye House power station
  • Thursday, 14 March, 2024
    EU energy
    Europe’s refineries in demand as Ukraine war boosts oil margins

    Falling capacity pushes up premiums for diesel ahead of crude

    Smoke billows after Ukraine’s SBU drone strikes a refinery
  • Tuesday, 5 September, 2023
    UK energy
    Profits soar to £644mn at Vitol’s UK power company

    Commodities trader’s unit benefited from turmoil in electricity market last year

    Electricity power lines next to Rye House power station, operated by VPI, in Hoddesdon, Hertfordshire
  • Tuesday, 27 June, 2023
    News in-depthRussian business & finance
    Vitol and Gunvor help keep Russian refined oil flowing, data shows

    European energy traders are still large buyers, according to FT analysis of exporters’ customs declarations

    A construction worker climbs out of a fuel storage tank porthole at a VTTV oil storage terminal
  • Wednesday, 3 May, 2023
    Oil & Gas industry
    Shell, BP and Total out-trade Vitol, Trafigura, Mercuria and Gunvor

    European oil majors’ combined trading profits surpass those of the four biggest private energy traders

    The BP logo
  • Thursday, 30 March, 2023
    Vitol profits soar to record $15bn on back of energy crisis

    Commodity trader’s profits in 2022 matched previous six years combined as turmoil swept through markets

  • Wednesday, 22 March, 2023
    Commodities
    Profits at commodity traders hit record in 2022, say finance chiefs

    Companies set high-water mark unlikely to be repeated in 2023

    Stockpiles of coal at the Newcastle Coal Terminal in Newcastle, New South Wales, Australia
  • Tuesday, 21 March, 2023
    Oil & Gas industry
    Global commodity traders open to increasing Russian oil volumes

    Trafigura and Vitol bosses say they would increase activity if governments and banks give approval

    A truck drives past the Petroplus refinery in Cressier near Neuchatel
  • Friday, 30 December, 2022
    Vitol sells stake in Russian Arctic development

    World’s largest independent oil trader is latest group to divest following Ukraine invasion

    A Rosneft facility in Siberia
  • Thursday, 1 December, 2022
    NK Lukoil OAO
    Lukoil resumes talks with US buyout group to sell Italian refinery

    Crossbridge Energy negotiating deal with Russian company for as much as €1.5bn but Rome seeks more time to close

    The ISAB refinery in Priolo-Gargallo near Syracuse, Sicily
  • Friday, 4 November, 2022
    NK Lukoil OAO
    Lukoil rejects US buyout group’s offer for Sicily refinery

    Collapse of talks over deal backed by Vitol risks bankrupting Russian-owned facility

  • Tuesday, 1 November, 2022
    Russian oil exports will fall despite growing ‘dark fleet’, Vitol chief says

    Supplies will drop by up to 1mn barrels per day when new sanctions come in, according to Russell Hardy

    Vitol chief Russell Hardy
  • Tuesday, 20 September, 2022
    EU energy
    US private equity firm in talks to buy Russian-owned refinery in Italy

    Crossbridge Energy Partners emerges as frontrunner to acquire Lukoil facility

    The ISAB refinery in Priolo-Gargallo near Syracuse, Sicily supplies 22 per cent of Italian road fuels
  • Tuesday, 5 July, 2022
    Oil & Gas industry
    Oil refiner Varo aims to stop selling carbon products by 2040

    Carlyle and Vitol-owned company’s net zero target goes further than many of its peers

    Dev Sanyal, chief executive officer of alternative energy of BP, right, attends the CEO council at the Great Hall of the People in Beijing, China
  • Sunday, 10 April, 2022
    War in Ukraine
    Ukraine calls on commodity traders to stop handling Russian oil

    Vitol, Trafigura, Glencore and Gunvor accused of helping Moscow receive ‘blood money’

    A Rosneft oil derrick in eastern Siberia.
  • Tuesday, 29 March, 2022
    Energy sector
    Vitol generates record net profit of $4bn in 2021

    Biggest independent energy trader rides rising demand and price volatility

  • Monday, 21 March, 2022
    Vitol urges regulators to maintain ‘integrity’ of financial markets

    Oil trader’s comments come as broader industry faces huge demands for cash to cover hedges

    The Total Culzean platform on the North Sea, about 45 miles east of Aberdeen
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