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Argus Condensate and Naphtha Markets

Wednesday, September 28: Pre-Conference Day
09:00 - 17:00 Argus DeWitt Petrochemical Feedstocks Seminar

*An additional fee of $595 applies

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Wednesday, September 28: Pre-Conference Day
Pre-Conference Workshop: US Crude and Condensate Export Infrastructure– Will infrastructure capacity meet export demand?

*An additional fee of $295 applies
12:30 - 13:00  Registration
13:00 - 14:30 Filling in Pipeline Infrastructure and Rail Transportation Gaps:

  • What pipelines are currently available to move crude and condensate to the US gulf or east coast (condensate from Marcellus)?
  • What infrastructure is still needed and what new projects are coming online?
  • How have lower prices changed the outlook for transportation in the Utica shale region? What are the prospects for rail, barge and pipelines?

Brian Melton, Vice President, Pipeline Marketing, & Business Development, Blueknight Energy Partners, LP
Joseph Leto,
President, EAI
Mark Babineck,
Editor, Argus Petroleum Transportation North America, Argus

Moderator: Mark Babineck,
Editor, Argus Petroleum Transportation North America, Argus

14:30 - 15:30 How are Ports Adapting to Higher Shipping Traffic and Resolving Bottlenecks?

  • How are the Ports of Corpus Christi and Houston managing export cargos? 
  • What is the current and future terminal and dock capacity at the various ports? 
  • How do the different ports vary in vessel size restrictions? 

Sean Strawbridge,
COO, Port of Corpus Christi
Bruce Mann,
Director of Freight Mobility, Port of Houston

Moderator: Mark Babineck,
Editor, Argus Petroleum Transportation North America, Argus

15:30 - 16:00 Coffee Break 
16:00 - 17:00 Who is Investing in Export Facilities and How Much Export Capacity is Currently Available?

  • What capacity does the US currently have to export crude and condensate? 
  • What new terminals and expansions are coming online? Will midstream organizations be able to raise the capital and build new infrastructure fast enough to meet export demand?
  • What is the quality of crude and condensate available at the various terminals

Don Johnson,
Vice President, Crude and Refined Products, Enterprise Products
Tom Ramsey, Chief Executive Officer, Centurion Midstream Group

Moderator: Mark Babineck, Editor, Argus Petroleum Transportation North America, Argus

17:00 - 19:00

Opening Night Reception

*Open to all registered conference delegates 

Thursday, September 29 
07:30 - 08:30 Registration and Continental Breakfast
08:30 - 08:35 Chairman's Opening Remarks

Jeff Kralowetz,
Vice President Business Development, Argus
08:35 - 10:00 Session 1: Global Condensate Market Dynamics in a Low Price Energy Environment

  • Global production and increased competition: What is the future of condensate production in Qatar, Iran and other Middle East production regions? Which markets will receive new Russian condensate output? What is Algeria’s role in the market? Will there be enough demand and new processing capacity to balance the market?
  • Will the US continue to be oversupplied? What is the outlook for US condensate production? Which producers remain in the market and who and what areas will restart production the fastest? What are the price decks for adding production? 
  • Market value of condensate: How is condensate priced/valued in the global market? Will we see more condensate priced on WTI Houston, both in the US Gulf coast and beyond? How do prices for naphtha, natural gasoline and other products affect pricing of condensate?

Robert Campbell,
Head of Oil Products Research, Energy Aspects
Adam Bedard,
CEO, ARB Midstream
Jeff Kralowetz,
Vice President Business Development, Argus

10:00 - 10:30 Morning Break
10:30 - 12:00 Session 2: The Impact of the US Crude Oil Export Ban Lift on the Condensate Market

  • How much and what quality of crude has been exported from the US since the lifting of the ban? What does the next six months look like for crude exports and how will US supply compete in the global market? Who has purchased US crude and what are the qualities of crude and condensate that different markets and regions are looking for? 
  • Classifying and tracking crude and condensate exports: How can we determine how much condensate vs. crude has been exported from the US since the lifting of the ban? Will the US segregate crude and condensate exports or will it be comingled and tracked as one product? How will the EIA and Department of Commerce classify and track exports? 
  • Shipping economics – What markets are willing to pay a premium and what will it cost to move your supply? What is the outlook of freight rates for shipping condensate from the US gulf coast to Europe, Asia, and other end-markets? What size vessels can come into the Texas Gulf Coast and how does this impact the economics of shipping condensate? Which regions are the most economical to ship to? 

Bernadette Johnson,
Managing Director, Ponderosa Advisors
Abudi Zein, COO and Co-founder, ClipperData
Eric Smith, Chief Commercial Officer, Overseas Shipholding

12:00 - 13:30 Lunch
13:30 - 14:00 Presentation:  Splitter Economics and Export Market Opportunities 

  • Will US splitters continue to demand condensate for product exports? What are the relative splitter economics on the Texas gulf coast? Will operators continue to utilize and invest in splitters to meet naphtha demand? Are they operating at high utilization rates? What markets are they selling their naphtha and NGLs to? 

Tony Scott,
Managing Director of Analytics & Consulting, BTU Analytics, LLC

14:00 - 15:00 Session 3: Opportunities for US Condensate

  • Canada: How will the reduction of natural gas production in western Canada impact diluent demand? How much US condensate/naphtha/natural gasoline will be needed for diluent? What is the future of Canadian oil sands production? 
  • Asia: How much existing and new splitter and processing capacity is available in China, Japan and Korea? Will the US compete with the Middle East for condensate exports to the region? What is the future of US naphtha exports to Japan and Korea?
  • Europe: How much condensate is the European market demanding? How will naphtha and LPG compete with condensate in this market? What is the outlook for US supply to the region?
Gerry Goobie,
Principal, Gas Processing Management Inc.
Ajey Chandra,
Director, Muse, Stancil & Co
Mikhail Antonov,
President and Managing Director, Gazprom Marketing and Trading USA
 15:00 - 15:30  Afternoon Break
15:30 - 16:30 Condensate Capstone Panel: Where have all the profits gone?

In a market hamstrung by tight WTI/Brent spreads, constrained capital and production, and limited international demand for US condensate, where are the opportunities to make money in the condensate markets? Our panel of industry experts will discuss trends and tactics in today’s condensate market and how they see that market developing in the next year.

Joseph Leto,
President, EAI
Carlton Dole,
Director of Business Development, BarrelTEX
Jaime Brito,
Vice President, Argus

Moderator: Jeff Kralowetz,
Vice President Business Development, Argus
 16:30 - 18:00 Casino Night Reception 
Friday, September 30
07:30 - 09:00 Registration and Continental Breakfast
09:00 - 09:05 Chairman's Opening Remarks

Jeff Kralowetz,
Vice President Business Development, Argus
09:05 - 10:15 Session 4: Opportunities for Naphtha in the Global Market

  • Key developments in US naphtha export markets: What are the key factors impacting petrochemical naphtha demand in Europe and Asia? What is the outlook for refining margins and consequences for naphtha supply in Europe and Asia? What is the outlook for naphtha use and blending in selected countries? Where are the opportunities and what are the challenges for US naphtha exports? 
  • Mexico & Latin America - Current situation and new opportunities: What is the impact of the most recent Mexican energy reform and prospects for refined products in the coming years once the open market is implemented? Could the challenging situation of National Oil companies in Latin America change the business dynamics and the status quo in coming years? Could refinery problems in Mexico and across Latin America boost the demand for US gasoline and diesel? Will fiscal and economic constraints continue to hamper the region’s ability to add new refining capacity?
Andrew Reed,
Principal, ESAI Energy
Alfonso Martin Fernandez,
Vice President Oil Trading & Latin America Business Development, Bank of America Merrill Lynch
10:15 - 10:45 Morning Break
10:45 - 12:15 Session 5: How will Crude Exports and Pricing Impact US Naphtha Economics?

  • Will the US continue to remain long in naphtha? What does the future look like for refinery utilization rates? How will crude exports impact naphtha balances? What is the Argus DeWitt outlook for naphtha pricing through 2025? 
  • What is the future of reformate demand for aromatics production? What is the outlook for naphtha reforming margins? What quality and specifications of naphtha is coming out of US splitters? What is the future of the spreads between premium gasoline and regular gasoline? 
  • How much domestic naphtha is being blended into the US gasoline pool? How have tougher emissions standards and lower crude prices impacted domestic gasoline demand and what is the outlook for the future?

Anne Huber, Senior Consultant, Aromatics, Argus DeWitt
Edward Arnold, Senior Consultant, Argus DeWitt
Gary Devenish,
Senior Consultant, Baker & O’Brien

12:30 Chairman's Closing Remarks

*Program subject to change

What is happening to crude, condensate and naphtha exports since the lifting of the ban?

Exports Inforgraphic

Download to find out

2016 Condensate & Naphtha Markets brochure
See what is in store for this year's event

2015 Condensate & Naphtha Markets report
Find out what made last year's event so succesful

Gold sponsor Barrel Tex

Argus DeWitt Petrochemical Feedstocks Seminar

September 28th 

Houston, TX | Hilton Post Oak Hotel

Information Learn more

Casino Night Reception
September 29th, 4:00-6:00 pm

Casino Party
Network with conference participants while trying your luck at blackjack, roulette, craps and poker! Don't miss this fun-filled reception.