Vitol chief executive Russell Hardy was in a buoyant mood in February. Russell Hardy Vitol Services London. Though … Vitol said in a statement that Hardy joined the firm in 1993 and held a number of trading and management roles in Singapore and London. 1365 : Website: www.vitol.com: Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Russell Hardy is a British businessman, and the chief executiveof Vitol, the world's largest independent oil trading company. Oil prices had slumped as the coronavirus outbreak hammered fuel demand in China, but crude had started to recover as the disease appeared to be under control. Vitol is forecasting consumption growth of just 1.1 MMbopd in 2019, down from 1.5 MMbopd in 2018. Vitol, run out of London, is the world's largest independent oil trader, trading some 8 million barrels of oil a day. “As recognized by the authorities, Vitol … In a statement Thursday, Vitol CEO Russell Hardy said, “Vitol is committed to upholding the law and does not tolerate corruption or illegal business practices.” In a related settlement, Vitol also agreed to disgorge more than $12.7 million and pay a civil penalty of $16 million to the Commodity Futures Trading Commission. “We understand the seriousness of this matter and are pleased it has been resolved,” Hardy said. As recognised by the authorities, Vitol has cooperated extensively throughout this process,” Vitol CEO Russell Hardy said in a statement. Career. Russell Hardy Vitol Services London, Greater London, United Kingdom 412 connections. “We will continue to enhance our procedures and controls in line with best practice.” … Russell HARDY. "There could be a question mark over market direction by the fourth quarter of this year," Hardy said. What do you think? He left for Vitol in 1985 and helped set up the trading company’s operations in Singapore. VITOL AVIATION UK LTD (05066574) Company status Active Correspondence address 4th Floor, Nova South, 160 Victoria Street, London, England, SW1E 5LB. Join to Connect Vitol Services ltd. Imperial College London. “We understand the seriousness of this matter and are pleased it has been resolved,” said Russell Hardy, Vitol’s chief executive officer. The CFTC said Vitol… “Vitol is committed to upholding the law and does not tolerate corruption or illegal business practices,” CEO Russell Hardy said in a statement. Russell Hardy. REUTERS/Lai Seng Sin Vitol and its affiliate received full credit for its cooperation with the DOJ’s investigation, in addition to enhancements to compliance already made. Crude futures have risen by more than $5/bl this week on news of a successful coronavirus vaccine trial. Prices will be heading into the high $40s/bl or even $50/bl within the next few months, Reuters cited Vitol CEO Russell Hardy as saying on Tuesday. Chief Executive Russell Hardy said last year's performance was "solid", as the company's traded oil volume hit 8 million barrels per day (bpd), up from 7.4 million bpd in … FILE PHOTO: Vitol CEO Russell Hardy speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, 2019. FILE PHOTO: Vitol CEO Russell Hardy speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, … Russell Hardy, Vitol’s chief executive officer, said in a statement that the company doesn’t tolerate corruption or illegal business practices. 15/10/2020. Hardy has a master's degree in engineering from Imperial College London. Liked by Russell Hardy. We owe him a great deal,” said Vitol’s CEO Russell Hardy. Russell Hardy, Vitol’s chief executive officer, said in a statement that the company doesn’t tolerate corruption or illegal business practices. The London-headquartered company, which is the world’s largest independent oil trader, was … “Vitol is committed to upholding the law and does not tolerate corruption or illegal business practices,” said Russell Hardy, Vitol’s CEO. Currently, Russell David Hardy occupies the position of Chief Executive Officer & Director at Vitol Group. Filter appointments Filter appointments Current appointments Total number of appointments 2 Date of birth July 1965. Russell Hardy. In March this year, Vitol’s chief executive Russell Hardy told Bloomberg in an interview that he expected oil demand to slump by between 15 and 20 million barrels over several weeks. Mr. Hardy is also on the board of Vitol Broking Ltd., VPI Holding Ltd. and Vitol Aviation UK Ltd. Mr. Hardy received a graduate degree from Imperial College London. Report this profile Activity This is really clever! Oil & Gas Traders talk peak demand and an upstream shift. The majority of the bribery payments exposed in the DoJ case relate to Brazil, where Vitol … Russell Hardy is a British businessman, and the chief executive (CEO) of Vitol, the world's largest independent oil trading company. “We understand the seriousness of this matter and are pleased it has been resolved,” Vitol CEO Russell Hardy said in a statement, adding that the company had cooperated extensively … Chief Executive Officer Russell Hardy confirmed in an interview that the oil trading giant is boosting investment in its power operations with a series of high-profile hires. As recognised by the authorities, Vitol has cooperated extensively throughout this process.” The Brazilian bribery playbook . 90 others named Russell Hardy are on LinkedIn See others named Russell Hardy Add new skills with these courses SQL: Data Reporting and Analysis Secure Coding in C … Taylor started his career working for Shell. Vitol will also return $12.7 million in ill-gotten gains to the Commodity Futures Trading Commission (CFTC), along with $16 million in fines. Role Resigned Director … FILE PHOTO: Vitol CEO Russell Hardy speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, … Russell Hardy, Vitol’s chief executive officer, said in a statement that the company doesn’t tolerate corruption or illegal business practices. The front-month Brent contract was trading at $44.51/bl as of 8:38 AM in … by Ed Reed. Hardy … Vitol Group CEO Russell Hardy speaking in Kuala Lumpur, Malaysia, last year. … “We understand the seriousness of this matter and are pleased it has been resolved,” said Russell Hardy, Vitol’s chief executive officer. Top oil traders upbeat over launch of UAE's planned Murban futures contract Speaking about the settlement, Russell Hardy, Vitol’s CEO, says: “Vitol is committed to upholding the law and does not tolerate corruption or illegal business practices. “We will continue to enhance our procedures and controls.” The company paid more than $8 million in bribes to Petrobras executives between 2005 and 2014, according to the DOJ documents. “Vitol is committed to upholding the law and does not tolerate corruption or illegal business practices. Vitol… LONDON: Global energy trader Vitol said on Friday its 2019 revenues were $225 billion and its traded oil and refined products volumes rose by 8 per cent. “We understand the seriousness of this matter and are pleased it has been resolved,” Hardy said. Russell Hardy, CEO: Services: Energy trading, Commodity trading: Revenue: US$231 billion: Owner: Vitol Holding B.V: Number of employees. It’s part of a long-term transition toward electricity and renewable fuels and away from hydrocarbons, the bedrock of the company for more than half a … As recognized by the authorities, Vitol has cooperated extensively throughout this process,” Vitol CEO Russell Hardy said in a statement. Nationality: British : Education: Imperial College London: Occupation: Oil trader: Title: CEO, Vitol: Term: March 2018-Predecessor: Ian Taylor: Early life. “We will continue to enhance our procedures and controls in line with best practice.” Quiet oil giant. Ltd. 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