Vitol is the world’s largest independent oil trader and has leveraged its broad and well-established global business operations to manage market dynamics over the previous three years, resulting in strong financial performance, and record income, while maintaining a sound balance sheet, and liquidity management. Due to greater commodity price volatility, there has been an increase in Margin requirements on hedges held to cover physical positions for entities trading commodities. Commodity traders have responded to the market volatility by reshaping their respective trading portfolios and mix of hedges. This has included raising additional funding specifically for this purpose. Vitol moved to arrange a 1 year committed secured Revolving Credit Facility for Vitol SA, dedicated to funding its Margin requirements, to ensure ongoing sound liquidity management heading into Winter 2023.The facility, somewhat unique in its nature and purpose, and material in scale and amount, was successfully executed in a timely basis and represents a significant commitment from the banking group indicating the ongoing appetite from the banking sector for global commodity trading companies, noting continuing price volatility and the imperative to ensure energy security in the global economy.