‘Arms Race’ for AI-Driven Oil Trading Is Underway, Vitol Says

Vitol Group Chief Executive Officer Russell Hardy — Vitol Group Chief Executive Officer Russell Hardy
Photographer: Aaron M. Sprecher/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Devika Krishna Kumar

March 10, 2025 at 5:44 PM UTC

This article is for subscribers only.

The expansion of artificial intelligence capabilities will augment the already significant algorithmic trading in oil futures markets, Vitol Group Chief Executive Officer Russell Hardy said.

“There’s always an arms race for that type of trading,” Hardy said at the CERAWeek by S&P Global conference in Houston on Monday.