Stock market quotes, forex, financial news, forex tools –

The world’s largest oil trader Vitol Group has replaced its leader

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...

The world’s largest oil trader Vitol Group has replaced its leader

The world’s largest oil trader Vitol Group has replaced its leader
March 15
09:00 2018

Vitol Group is the largest independent global trader. In the market, the Swiss-Netherlands company has proven itself to be dynamic, but stable. There hasn’t been news of personnel changes, scandals or a sudden change of tack in the history of Vitol Group. Today, the company has surprised the market with announcing the decision to replace its CEO. Russell Hardy, who has been working for the company since the early 1990s, has taken office, which previously was held by Ian Taylor. Mr. Hardy is not a novice in the company; he has been working in the Vitol Group since the early 90’s.

The Financial Times notes that throughout Mr. Taylor’s reign of thirty years, a small Dutch fuel trader has grown into a recognized global leader with an estimated value of $ 20 billion. Mr. Taylor did not retire; he took the post of Chairman of the Board of Directors.

 In 1993, his follower Russell Hardy resigned from BP and started his career in the company.  Mr. Hardy’s total length of work in the oil and gas industry is about 30 years. He has been part of the executive committee of Vitol for about 10 years. A talented leader has been working as Executive Director of the EMEA Region for almost a year (by the way, the post was created specifically for Mr. Hardy).

At present, the trading volume of the oil trader is estimated at seven million barrels of oil per day. Experts believe that the staffing solution will affect the stock quotes of the company.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade


  1. Giovanni Gesell
    Giovanni Gesell September 19, 11:04

    It’s great that you are getting ideas from this post as well as from our discussion made at this time.

    Reply to this comment
  2. Vito Waterer
    Vito Waterer October 06, 11:29

    Hi there, everything is going sound here and ofcourse every one is sharing data, that’s in fact excellent, keep up writing.

    Reply to this comment

Write a Comment