Vitol, the world’s biggest oil trader, said yesterday its 2012 revenue rose to a record £200billion and that the company might acquire more assets in a competitive trading environment.
Revenue was up by about 2% from 2011’s £196billion in a year when oil prices traded on average near $112 a barrel.
Switzerland-based Vitol said total traded volume of crude oil and oil products was 261million tonnes last year, compared with 273million in 2011.
Vitol’s chief executive, Scotsman Ian Taylor, called the 2012 trading results solid.
Vitol did not issue profit figures. Most private trading houses either do not release profits or do so many months after the event.