Table of Contents
Vitol is to acquire Hong Kong-based Noble Group for $209m (£163.3m).
The world’s largest oil trader, run by British businessman Russell Hardy, trades more than 7 million barrels a day.
Hardy has overseen stellar results since becoming chief executive in 2018, making more than $28bn (£21.9bn) in profits over the past two years – the most profitable period in the history of commodities trading.
Expansion: Vitol is run by British businessman Russell Hardy and sells more than 7 million barrels a day
Hardy plans to expand its coal and metals trading. By 2023, only 0.25 per cent of its $402bn (£314bn) turnover came from coal.
Noble traded 35 million tonnes of coal last year and is a leader in metals trading.
Coal remains the world’s main source of energy production as Europe slows its transition to clean energy after the war in Ukraine.
DIY INVESTMENT PLATFORMS
![Vitol to acquire Hong Kong-based Noble Group for $209 million 7 Easy investment and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
![Vitol to acquire Hong Kong-based Noble Group for $209 million 7 Easy investment and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
Easy investment and ready-to-use portfolios
![Vitol to acquire Hong Kong-based Noble Group for $209 million 9 Free investment ideas and fund trading](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
![Vitol to acquire Hong Kong-based Noble Group for $209 million 9 Free investment ideas and fund trading](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
Free investment ideas and fund trading
![Vitol to acquire Hong Kong-based Noble Group for $209 million 11 Flat rate investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive investor
![Vitol to acquire Hong Kong-based Noble Group for $209 million 11 Flat rate investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive investor
Flat rate investing from £4.99 per month
![Vitol to acquire Hong Kong-based Noble Group for $209 million 13 Get £200 back in trading commissions](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/07/EasyJet-expects-record-summer-as-peak-season-profits-take-off.png.webp)
Saxo
![Vitol to acquire Hong Kong-based Noble Group for $209 million 13 Get £200 back in trading commissions](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/07/EasyJet-expects-record-summer-as-peak-season-profits-take-off.png.webp)
Saxo
Get £200 back in trading commissions
![Vitol to acquire Hong Kong-based Noble Group for $209 million 15 Free treatment and no commissions per account](https://whatsnew2day.com/wp-content/uploads/2024/08/Vitol-to-acquire-Hong-Kong-based-Noble-Group-for-209-million.png%20)
Trade 212
![Vitol to acquire Hong Kong-based Noble Group for $209 million 15 Free treatment and no commissions per account](https://whatsnew2day.com/wp-content/uploads/2024/08/Vitol-to-acquire-Hong-Kong-based-Noble-Group-for-209-million.png%20)
Trade 212
Free treatment and no commissions per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.