04 October - 05 October 2022
In-person: Geneva, Switzerland

Argus European Crude Conference – Geneva

  • 08:00
  • -
  • 09:00
  • Registration and welcome coffee
  • 08:00
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  • 08:30
  • Breakfast workshop - Data science-trading, risk and hedging Kriton Xydas, Head, Data Science and Andreea Moldovan, Head of Data Science, Europe - Argus
  • 09:00
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  • 09:10
  • Chairperson’s introduction and opening remarks Euan Craik - Head of Petroleum, Argus
  • 09:10
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  • 09:40
  • Keynote interview – Updates on the oil price cap policy Ben Harris - Assistant Secretary for Economic Policy, U.S. Department of the Treasury
  • 09:40
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  • 10:25
  • Future of light sweet benchmarks Panellists include: - The Oxford Institute for Energy Studies, Zenith Energy. CME Group, Argus

The absence of sour crude in Europe’s spot crude market has left a hole in supply, and also in price identification. Join leading industry commentators as they share their views on the forthcoming changes to the Brent crude complex, the opportunities and pitfalls and the likely impacts on the way crude is traded and priced globally.

Moderator: Euan Craik
, Head of Petroleum, Argus

Panellists:
Dr Adi Imsirovic, Senior Research Fellow, The Oxford Institute for Energy Studies
Kurt Chapman, Director, Zenith Energy
Owain Johnson, Managing Director, Research & Product Development, CME Group
James Gooder, Vice-President, Crude, Argus

 

  • 10:25
  • -
  • 11:05
  • Panel discussion: Geopolitics and inflation – Managing the known unknowns Panellists include: - Trafigura, Gunvor Group, Enverus
  • What are the wider implications of currency movements, high LNG prices and inflation?
  • Interest rate hikes – how will increasingly costly trade finance affect the market? Will there be a shortage of credit lines?
  • Navigating Russian and Iranian sanctions – what are the mid to long-term implications on trade?

Moderator: David Fyfe, Chief Economist, Argus

Panellists:
Saad Rahim, Chief Economist, Trafigura
Frederic Lasserre, Global Head of Market Research & Analysis, Gunvor Group
Bill Farren-Price,
Director, Head of Macro Oil & Gas Intelligence, Enverus

  • 11:05
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  • 11:40
  • Networking break
  • 11:40
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  • 12:20
  • The hunt for new supply – Europe’s refining landscape Panellists include: - PKN ORLEN S.A, International Energy Agency (IEA), Vortexa
  • How have European refiners adapted with the absence of Russian crude supply?
  • Is crude supply from the US, Middle East and Africa enough to fill the gap?
  • How can the industry navigate the infrastructure bottleneck to bring in the different crudes?
  • What is the future of product demand and pricing, and can Europe’s refineries remain competitive?
  • How will the continued push towards energy independence and bio energy sources impact traditional crude demand?

Panellists:
Łukasz Strupczewski, Director of Crude Oil Trading, PKN ORLEN S.A.
Toril Bosoni, Head of the Oil Industry and Markets Division, International Energy Agency (IEA)
David Wech, Chief Economist, Vortexa

  • 12:20
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  • 13:00
  • Global crude freight markets: Changing routes, freight rates and the move towards green shipping Panellists include: - Maersk Broker K/S, Fürstenberg Maritime Advisory, Gibsons Shipbrokers
  • With supply and demand trade routes shifting, how have freight rates and global arbitrages been impacted?
  • What freight rate trends have we seen and what might the market expect in the year ahead?
  • Green shipping and its implications on tanker freight – what are the new trade routes for low carbon or zero carbon energy carriers, and the collaborative action needed to scale renewable infrastructure?

Moderator: Alex Younevitch, Global Head of Freight, Argus

Panellists:
Sofia Fürstenberg Stott, Partner, Fürstenberg Maritime Advisory
Jakob Hjortlund, Director - Oil, Gas and Asset Research, Maersk Broker K/S
Richard Matthews, Head of Research, Gibsons Shipbrokers

  • 13:00
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  • 14:30
  • Lunch
  • 14:30
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  • 15:15
  • Voluntary carbon credits and carbon-neutral crude – What oil market participants need to know Panellists include: - Ecopetrol S.A., Climate Neutral Commodity, CME Group
  • What opportunities exist in the marketplace for carbon-neutral crude?
  • How is carbon-neutral crude priced and how might it compete with non-offset crude?
  • How can the industry properly tackle regulation and accountability of the voluntary carbon market?

Panellists:
Juan Carlos Fonnegra, Global Head of Crude Oil Trading & Marketing, Ecopetrol S.A.
Paul Sebastien, Co-Founder, Director, Climate Neutral Commodity
Owain Johnson, Managing Director, Research & Product Development, CME Group

  • 15:15
  • -
  • 15:45
  • Development of Carbon Capture and Storage (CCS) in Europe Mark Wilkie - Carbon Management Director, GaffneyCline
  • Overview and status of the CCS Project Pipeline in Europe
  • Challenges and approaches to the deployment of CCS
  • Role of CCS amongst abatement solutions & outlook to 2050
  • 15:45
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  • 16:15
  • Afternoon break
  • 16:15
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  • 17:00
  • Rebalancing of trade flows – Where are the windows of opportunity? Panellists include: - Kpler, Argus
  • What role has Africa taken on the global supply stage?
  • Will the new African refineries start next year and herald a clean product regime in the region?
  • Will Asia markets continue to pick up Russian supply?
  • What transatlantic opportunities are there for Latin American crude in Asia and what import trends have we seen?

Panellists:
Viktor Katona, Lead Crude Analyst, Kpler
Tom Reed, Vice-president, China Crude and Products, Argus

  • 17:00
  • -
  • 17:30
  • US production growth – What is holding it back? Jeanine Wai - Analyst – US Integrated Oil and Exploration and Production, Barclays
  • How long will they hold capital discipline?
  • What is being done to bring crude production levels back up. Would government incentives work?
  • When might we realistically see higher US production levels emerge?
  • Where are the infrastructure bottlenecks in terms of exports?
  • 17:30
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  • 17:40
  • Close of conference
  • 17:40
  • -
  • 19:00
  • Networking cocktail reception
  • 09:00
  • -
  • 09:20
  • Welcome coffee
  • 09:20
  • -
  • 09:30
  • Chairperson’s opening remarks
  • 09:30
  • -
  • 10:00
  • Industry interview – The changing refining landscape in the Mediterranean Marco Schiavetti - Chief Commercial Officer, Saras Trading
  • How are refiners in the Mediterranean changing their crude supply strategy?
  • 10:00
  • -
  • 10:40
  • The European landscape – The distillates outlook and the shift in product mix Panellists include: - Ezpada AG, CEPSA
  • How is the reshuffling of diesel and vacuum gasoil supply chains affecting the crude market?
  • Planning for the future – what is the near-term outlook for European products demand and is the industry prepared for the next disruption?
  • How are traditional fuels competing with alternative fuels in Europe – with tighter regulations coming on line, how might this impact short and long-term fuels demand?

Panellists:

Vicki Goodwin, Senior Oil Trade Strategist, Ezpada AG
Paola Rodriguez-Masiu, Head of Market Intelligence, Crude and Refined Products, CEPSA
  • 10:40
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  • 11:10
  • Networking break
  • 11:10
  • -
  • 11:30
  • Fireside Chat: A look at the evolving priorities in commodity trade finance Alexander Peters - Group CFO, ArrowResources AG
  • With the growing importance of ESG considerations, how can the market navigate the shifting winds in financing?
  • Adjusting to new market conditions – are specialist funds getting a bigger slice of the pie now?
  • What are the developments in the regulatory backdrop and how has that impacted small and mid-size traders?
  • 11:30
  • -
  • 12:10
  • Roundtables: Share solutions, trends and initiatives Roundtable leaders include: - KPMG, The Monarch Partnership, The Oxford Institute for Energy Studies
1) What are the latest developments in low carbon fuels and how they will displace traditional crude and fuels demand?
Roundtable Leader 1: Rachel Solomon Williams, Associate Director, Low Carbon Fuels, KPMG

2) Has the ESG push accelerated the adoption of big data in trading strategies?
Roundtable Leader 2: Serge Mazodila Kiala, Head of Trading & Risk Management, The Monarch Partnership

3) The distillate crisis – are we expecting the problem to persist until 2023?
Roundtable Leader 3: Dr Adi Imsirovic, Senior Research Fellow, The Oxford Institute for Energy Studies 

4) How can the market manage risk and the potential of future price shocks?

  • 12:10
  • -
  • 12:25
  • Roundtable leaders to share key takeaways from each group’s discussions in three minutes
  • 12:25
  • -
  • 12:30
  • Chairperson’s closing remarks
  • 12:30
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  • 14:00
  • Lunch
  • 14:00
  • -
  • 15:00
  • Argus perspectives: Benchmarks and changing crude flows workshop James Gooder, Vice-President, Crude, Michael Carolan, Crude Editor and Tom Reed, Vice-president, China Crude and Products - Argus
  • How are the world’s crude benchmarks changing as trade flows shifts?
  • What pricing solutions exist in various regions?

Speakers:
James Gooder, Vice-President, Crude, Argus
Michael Carolan, Crude Editor, Argus
Tom Reed, Vice-president, China Crude and Products, Argus