Vitol Revenues Top $300B in 2012

Reuters reported that the world’s largest oil trader, Vitol, reported revenues of $303 billion in 2012, which is a 2% rise from the previous year, in spite of a minimal drop in traded volumes.

As quoted in the market news:

In 2011, its gross profits rose only by around $100 million to $2.438 billion, generating an overall gross margin for the year of 0.8 percent, down from 1.1 percent in 2010, 2.7 percent in 2009 and 1.2 percent in 2008, according to Reuters calculations.

Click here to read the full Reuters report.