LNG

March 24 (LNGJ) - Vitol, the global commodities company and energy trader with LNG interests, returned solid earnings despite challenging market conditions. “Volumes continued to grow, both in crude and products and we now trade in excess of 7 million barrels per day,” said Ian Taylor, Chairman and Chief Executive. “Despite the increase in volumes, a lower average oil price over the course of 2016 caused turnover to fall to $152 billion. We maintain our long-held strategy of conservatively managing capital and risks and will continue to build the business on these grounds, whilst remaining mindful of both counterparty and credit risks,” added Taylor.