14 October - 16 October 2018
Miami, Florida

Argus Fuel Oil Summit

Fuel Oil Conference speakers

Carlos G Torres
Global Head of Physical Operations, Bunker Holding Group
Based in Middelfart, Denmark Carlos Torres is the Global Head for the Physical Operations within the Bunker Holding Group. Carlos Joined Bunker Holding in March 2018 after spending close to 20 years working at BP. While working at BP, Carlos had a very diverse portfolio of roles with his most recent one being based in Singapore, Carlos Torres where he was the Global Head...
Based in Middelfart, Denmark Carlos Torres is the Global Head for the Physical Operations within the Bunker Holding Group. Carlos Joined Bunker Holding in March 2018 after spending close to 20 years working at BP. While working at BP, Carlos had a very diverse portfolio of roles with his most recent one being based in Singapore, Carlos Torres where he was the Global Head of BP Marine Fuels where he was responsible for the entire marine fuels business, including the global marine team covering multiple geographies. Prior to that role, Carlos was the Global Chartering Manager based in London where he managed the chartering business for BP Shipping globally. Carlos’ career with BP goes back to 1998 where he joined Amoco prior to the merger with BP. His first job after the merger was in Chemicals where he managed the International Sales and Distribution team. He then was responsible for the global implementation of SAP for Chemicals. Subsequently, he moved to the retail business where he managed the supply of ground fuels to BP, Arco and Amoco retail sites. In 2002 he spent time in the Mergers and Acquisitions function where he was responsible for the successful divestment of 100 retail stations covering two major metropolitan markets in the USA. Additionally, Carlos held roles of Regional Marine Manager for marine fuels in the Eastern Hemisphere where he also managed the marine fuels supply and sales team covering the Middle East, East Africa and Asia Pacific regions. As well as the role of marine manager for the Americas covering marine fuels supply and sales in the region.
Rick Marriner
Trading Manager, Motiva Enterprises
Rick Marriner has spent over 20 years in the business of trading fuel oil, residuals, intermediates, and feedstocks, and has led trading teams through multiple large, structured multi-year deals in the global oil trading market; he has built trading floors from ground level in the United States and Europe. With a passion for cultivating talent, he finds fulfillment in coac...
Rick Marriner has spent over 20 years in the business of trading fuel oil, residuals, intermediates, and feedstocks, and has led trading teams through multiple large, structured multi-year deals in the global oil trading market; he has built trading floors from ground level in the United States and Europe. With a passion for cultivating talent, he finds fulfillment in coaching his traders in developing their commercial and trading skills, and is regularly invited to contribute seminar lectures in Economics courses at universities. Known for his ability to simplify the complex with stories and visuals, Rick’s tool-kit provides a whole new way of sharing insights and analyzing business problems and ideas. For Motiva Enterprises, Rick helped lead and develop a fully-functional trading floor in under six months, increasing daily trade capacity for residual and feedstocks to over 225,000 barrels per day. To date, he and his team are supporting products, intermediates, residuals and specialty grades as well as the associated derivatives to serve the largest refinery in the United States. With his partnerships with other international trading houses Rick has helped expand the business from serving US Gulf Refiners to regional and international markets, with oil sourced from Russia and Europe as well as going out to the Mediterranean and the Middle East. As a result of Rick’s adaptive leadership style and negotiation skills, his team was able to procure direct country-level deals across North America, South America and the Caribbean. Before joining Motiva Enterprises, Rick spent over 18 years with Shell Trading. With his prior bunkering experience, he began as a front-line trader of high and low sulfur fuel oils and relative derivatives for multiple Shell refineries in the US West Coast and US Gulf Coast. As part of the global team, he traded the US leg of the larger integrated international trading positions, working daily with Shell trading floors in Europe and Asia. In 2004, he effectively led the opening of the trading activity in the Argos Terminal with VGO and Residual Fuel Supplies in the Netherlands, and further helped secure trading partnerships across Europe. At the height of 2007, his team was trading multiple VLCC’s per month of residual oils for arbitrage out of Europe to Asia via Singapore. Back in the USA, as a Business Architect and Trading Subject Matter Expert, he was able to fully integrate one of the most sophisticated financial risk management engines into Shell Trading’s crude oil trading business. Thereafter, Rick was elected as a shareholder representative for the Retail Joint Venture interests of Shell Oil in 2011. With the boards of these companies, he contributed to the alignment of strategy, governance, and controls to acquire the best possible value on assets and supply agreements, abiding by safety and ethical values to deliver optimal returns to shareholders. The core competencies Rick possesses extend well beyond oil trading, marine chartering and operations management. As part of his work in innovation and entrepreneurship, Rick has supported the Houston GameChangers community through projects ranging from rapid ideation screening, machine learning on the semantic web for trading signal determination, energy storage through gravity and hydraulics, and re-growing soil carbon to reduce atmospheric CO2. Rick serves on the Board of Directors for commercial ventures in Aviation, Hospitality and Personal Security. Rick earned his MBA with a focus on Finance and Investments from Pepperdine University in Malibu, CA after receiving his B.S. in Transportation and Logistics from the United States Merchant Marine Academy in Kings Point, NY. Along with his diploma, he earned his License as a Third Mate in the US Merchant Marine and his Commission as an Officer in the US Navy. Rick was honorably discharged from the Armed Services in 2007 as a Lieutenant Commander. He is an ongoing learner who engages in professional development to fine-tune his skills. Rick stays current with industry and business trends, and parlays his knowledge into incredible results for the divisions he leads. For relaxation, Rick enjoys rock-climbing, scuba diving, flying small planes, playing the guitar, and reading. Rick lives in Fulshear, Texas with his wife Keira, their happy collection of five children and Squirrel, their dog.
Nicholas Dazzo
Vice President - Derivatives, Koch Supply & Trading
Nicholas Dazzo manages Koch Supply & Trading LP's Derivatives Trading group. The group trades customized commodity price risk-management products globally with commercial risk managers, including producers of oil, gas, and biofuels; petroleum refiners and petrochemical manufacturers; storage operators; and to consumers such as industrial and mining companies, utilities, a...
Nicholas Dazzo manages Koch Supply & Trading LP's Derivatives Trading group. The group trades customized commodity price risk-management products globally with commercial risk managers, including producers of oil, gas, and biofuels; petroleum refiners and petrochemical manufacturers; storage operators; and to consumers such as industrial and mining companies, utilities, and transportation providers. KS&T also trades commodity derivatives with investors, including hedge funds, pension funds, and commodity trading advisers. Before joining Koch in 1999, Mr. Dazzo worked for the commodity derivatives group at JP Morgan where he was responsible for oil and gas market analyses and client relationship management. Prior to that, he was a regulatory economist in JP Morgan's economic research group. Mr. Dazzo holds an MA in economics from New York University and a BA in geology from Hamilton College.
William Cline
Bunker Trader, Dan-Bunkering
Prior to becoming a Bunker Trader at Dan-Bunkering (America), William received his Masters Degree from Texas A&M at Galveston in Marine Resource Management focusing on Environmental Regulation’s effect on Maritime Business. Currently, he specializes in supplying to the Offshore Oil & Gas Industry and analyzing market trends.
Prior to becoming a Bunker Trader at Dan-Bunkering (America), William received his Masters Degree from Texas A&M at Galveston in Marine Resource Management focusing on Environmental Regulation’s effect on Maritime Business. Currently, he specializes in supplying to the Offshore Oil & Gas Industry and analyzing market trends.
George Mangos
Director, Interunity
George is a principal of Interunity Management Corporation SA, a family-based shipping operator highly reputed for its technical management standards, established in 1982 and running about 20 vessels of various types (gas, chemical and product tankers, bulkers and container vessels). George joined Interunity in 2004 after studying law and working in corporate finance for s...
George is a principal of Interunity Management Corporation SA, a family-based shipping operator highly reputed for its technical management standards, established in 1982 and running about 20 vessels of various types (gas, chemical and product tankers, bulkers and container vessels). George joined Interunity in 2004 after studying law and working in corporate finance for some years. He oversees the commercial functions of the company and is responsible for building a co-investment strategy with institutional investors, executing some $350 million in transactions to date. George is also on the advisory board of Amplifier Labs, a VC-capital arm of the Oldendorff family that assesses the funding and implementation of new technologies in the maritime space.
Joseph Israel
President and CEO, Par Petroleum LLC
Joseph Israel serves as President and Chief Executive Officer of Par Petroleum, a wholly-owned subsidiary of Par Pacific Holdings, focused on refining, marketing, and logistics. Mr. Israel’s 20 plus years of experience in the oil and gas industry includes a successful track record of structuring and leading petroleum refining, marketing and asphalt operations, as well as d...
Joseph Israel serves as President and Chief Executive Officer of Par Petroleum, a wholly-owned subsidiary of Par Pacific Holdings, focused on refining, marketing, and logistics. Mr. Israel’s 20 plus years of experience in the oil and gas industry includes a successful track record of structuring and leading petroleum refining, marketing and asphalt operations, as well as driving profitable corporate development initiatives. Prior to joining Par in January 2015, Mr. Israel served as Senior Vice President at Hunt Refining Company, where he led operations planning, crude oil supply, marketing and business strategy. Previously, between the years of 2000 and 2008, Mr. Israel served as VP of M&A and Business Development for Alon USA, a US refiner and marketer, and as Chief Operating Officer for the company between 2008 and 2011. Mr. Israel holds his Master of Business Administration and a bachelor’s degree in Economics from the Hebrew University of Jerusalem.
Michael Cohen
Head of Energy Markets Research, Barclays Capital
Michael Cohen is a Director and Head of Energy Markets Research at Barclays and is responsible for the firm’s oil and natural gas market forecasts. Based in New York, Mr. Cohen is also responsible for the firm’s research covering upstream, midstream, and downstream developments in North American energy markets. He is the lead author of Barclays’ flagship oil market monthl...
Michael Cohen is a Director and Head of Energy Markets Research at Barclays and is responsible for the firm’s oil and natural gas market forecasts. Based in New York, Mr. Cohen is also responsible for the firm’s research covering upstream, midstream, and downstream developments in North American energy markets. He is the lead author of Barclays’ flagship oil market monthly publication, The Blue Drum, as well as advising top management of Barclays’ broad reaching client base on global energy market developments. He is a consultant to the National Intelligence Council and has been an invited speaker to the graduate students at Stanford, Columbia, and Georgetown University. Prior to joining Barclays Capital in August 2013, Mr. Cohen spent two years as a senior member of the Oil Industries and Markets Division at the International Energy Agency (IEA), where he was a principal author of the industry benchmark Oil Market Report and Medium Term Oil Market Report. Mr. Cohen also worked for seven years with the US Department of Energy as an economist with the Energy Information Administration and with the Office of Policy and International Affairs. He has experience in gas and power markets as a trading desk analyst for American Electric Power and as a consultant on electricity market design with LECG. Mr. Cohen received an MA in International Economics from Johns Hopkins University’s School of Advanced International Studies in Russian and Eurasian Affairs, and a BSBA in Economics and BA in Political Science from The Ohio State University. He is a term member of the Council on Foreign Relations.
Eric F. Smith
Vice President & Chief Commercial Officer, Hendry Marine Industries, Inc.
Mr. Smith is the Vice President & Chief Commercial Officer for Hendry Marine Industries, Inc. which is the holding company for three primary subsidiaries; Gulf Marine Repair Shipyard, Universal Environmental Solutions and Anchor Sandblasting and Coatings. Mr. Smith is responsible for all the commercial activity which includes business development, sales & marketing, a...
Mr. Smith is the Vice President & Chief Commercial Officer for Hendry Marine Industries, Inc. which is the holding company for three primary subsidiaries; Gulf Marine Repair Shipyard, Universal Environmental Solutions and Anchor Sandblasting and Coatings. Mr. Smith is responsible for all the commercial activity which includes business development, sales & marketing, and government affairs for HMI and its subsidiaries. Prior to joining Hendry Marine Industries, Mr. Smith was the Chief Commercial Officer & Head of Government Affairs for Overseas Shipholding Group responsible for Business Development, Chartering and Commercial Operations of the 24-vessel fleet. He represented all of OSG’s maritime and political interests in Washington, DC. Mr. Smith was instrumental in the expansion of the OSG domestic fleet with the execution of the 12-ship new construction project at Philly Shipyard in 2005 and the acquisition of Maritrans Inc. in 2006. His career in shipping began in Washington D.C. as a project engineer for the Department of Defense overseeing the construction and delivery of nine oil tankers for MSC. Prior to joining OSG, Mr. Smith was a tanker broker specializing in the Jones Act trade, and representing international shipyards. He formed of a joint venture partnership with Exmar Offshore to design and build U.S. Flag Tankers. Mr. Smith holds a Bachelor of Science degree in Marine Engineering from Maine Maritime Academy. He currently is a member of the Board of Directors for the Tampa Bay Propeller Club. The past Chairman of the API Marine Committee. The former member of the Board of Directors for Alaska Tanker Company, and Board of Directors of the American Maritime Partnership.
James Richard ‘J.R.’ Owens
Trader, Warner Petroleum Corporation
‘J.R.’ has attended and lectured at multiple industry conventions globally over his tenure in the oil industry. His areas of expertise involve the topics he will discuss today, carbon black feedstock oil, vacuum gasoil and the desulfurization of bunker fuels utilizing the GenOil GHU. ‘J.R.’ is a residual fuels trader with Warner Petroleum Corporation out of Clare, Michi...
‘J.R.’ has attended and lectured at multiple industry conventions globally over his tenure in the oil industry. His areas of expertise involve the topics he will discuss today, carbon black feedstock oil, vacuum gasoil and the desulfurization of bunker fuels utilizing the GenOil GHU. ‘J.R.’ is a residual fuels trader with Warner Petroleum Corporation out of Clare, Michigan. Warner Petroleum Corporation has been in the petroleum business since 1976. Warner Petroleum Corporation is a regional wholesale marketer of commercial, marine, and, industrial fuel products and services. Warner has achieved successful growth and loyal customers by providing value, integrity, and innovation in the products and services it delivers. ‘J.R.’ also is Vice-President, COO of GenOil USA. ‘J.R.’ has more than thirty-four (37) years of hands-on oil industry experience as a blender, consultant, global sourcing advisor, loss control specialist, terminal manager and trader. Prior to his present positions, ‘J.R.’ has worked with John W Stone Oil Distributors LLC, J.P. Morgan Venture Energy Corp., RPG Industries, Phillips Carbon Black Division, Aditya Birla Group, Birla Carbon Division, Griffith Energy, Oil Chem Trading, Ag-Chem Commission Co., Towing Charters Inc. and National Petroleum Sales Inc. ‘J.R.’ was raised in West Seneca, NY, a suburb of Buffalo, NY. He currently resides in the Lake Placid, NY, located in the Adirondack Mountains with his wife Susan. He is a member of the 1974 class from St. Michael’s College in Colchester, Vermont. Since 1968, ‘J.R’ has also been a professional entertainer under the name of MR DJ.
Ian Ralby
Founder and CEO, I.R. Consilium
Dr. Ian Ralby is a recognized expert in maritime law, international security, and illicit hydrocarbons activity. He focuses on matters at the intersection of law, security and policy in countries and regions around the globe, working with governments and international organizations and multinational companies to develop functional, cooperative approaches to confronting an...
Dr. Ian Ralby is a recognized expert in maritime law, international security, and illicit hydrocarbons activity. He focuses on matters at the intersection of law, security and policy in countries and regions around the globe, working with governments and international organizations and multinational companies to develop functional, cooperative approaches to confronting an array of challenges that pose a threat to security, stability and prosperity. Emanating from his work relating to the hijacking of tankers and illicit bunkering in the Gulf of Guinea, Dr. Ralby and his team at I.R. Consilium led, on behalf of the Atlantic Council, the largest study ever published on Downstream Oil Theft. Most recently, Dr. Ralby and his team produced the leading report on illicit hydrocarbons activity in the maritime domain. In addition to his work as CEO of I.R. Consilium, he is a Nonresident Senior Fellow at the Atlantic Council’s Global Energy Center, an Adjunct Professor of Maritime Law and Security at the US Department of Defense's Africa Center for Strategic Studies, a Maritime Crime Expert for UNODC’s Global Maritime Crime Programme, a "Key Opinion Former on Maritime Security" at NATO and an expert consultant for various international organizations. He is currently working with shipowners on a variety of challenges related to MARPOL and recently led the drafting for the UN’s manual on fuel crimes in the maritime domain. He frequently publishes and speaks on matters relating to international affairs and various aspects of law and security. Dr. Ralby has a BA in Modern Languages and Linguistics and an MA in Intercultural Communication from the University of Maryland, Baltimore County; a JD from William & Mary Law School, where he was a Jack Kent Cooke Scholar; and both an MPhil. and a PhD from the University of Cambridge, where he was a Gates Scholar.
Stephen Jones
Senior Vice President, Global Head of Oil Products, Argus
Stephen Jones is Global Head of Oil Products at Argus. Stephen joined Argus in 2017 as Senior Vice President and is based in Houston. He is responsible for Argus pricing solutions that meet the rapidly changing trading requirements for gasoline, jet fuel, diesel, marine fuels, base oils, asphalt, refinery feedstocks and biofuels markets. Stephen has expertise in all asp...
Stephen Jones is Global Head of Oil Products at Argus. Stephen joined Argus in 2017 as Senior Vice President and is based in Houston. He is responsible for Argus pricing solutions that meet the rapidly changing trading requirements for gasoline, jet fuel, diesel, marine fuels, base oils, asphalt, refinery feedstocks and biofuels markets. Stephen has expertise in all aspects of the energy business, having served clients for over 30 years in the industry. Prior to Argus, Stephen was with Purvin & Gertz and IHS Market for 17 years where he was Vice President of the Refining & Marketing team. He has been an instrumental leader for large international teams that provided research and consulting services to clients in the upstream, crude oil markets, refining, natural gas liquids, chemicals, automotive, maritime, and midstream businesses. While at IHS Markit, Stephen was charged leading the Energy Product Management team and the integration of the legacy PFC Energy, Purvin & Gertz, and CERA market services. Stephen began his career in the energy business with Exxon at the world-class Baton Rouge Refinery where he advanced through a variety of technical support, business planning, engineering supervision, and operations management positions. He then held positions in Exxon’s Refining Headquarters and Supply & Trading teams in Houston where he gained expertise in crude oil trading, refinery optimization and market economics. Stephen holds a Bachelor of Science in Civil Engineering from Tulane University.
John Demopoulos
Vice President, North American Refined Products, Argus
John Demopoulos is Vice President for North American Refined Products at Argus Media. As VP, John is responsible for running Argus’ North American refined products business, including gasolines, distillates, asphalt, residuals, feedstocks, blendstocks, biofuels, and related environmental credits. John’s previous roles at Argus have involved quality control & assurance, man...
John Demopoulos is Vice President for North American Refined Products at Argus Media. As VP, John is responsible for running Argus’ North American refined products business, including gasolines, distillates, asphalt, residuals, feedstocks, blendstocks, biofuels, and related environmental credits. John’s previous roles at Argus have involved quality control & assurance, managing editorial teams, launching new reports, and reporting on a wide variety of commodity markets. John joined Argus after working for several years as a foreign correspondent, based in Greece and the Balkans. He has 13 years’ experience in commodities, a Master’s degree from the London School of Economics, and a bachelor’s degree from King’s College London.
Edward Arnold
Senior Consultant - Argus Consulting Services, Americas, Argus
Ed covers upstream, refining, US transportation trends, and biotechnology for Argus Consulting Services. He has 39 years’ experience conducting market analysis, project feasibility studies, and new process technology evaluation, working for Argus, Jacobs Consultancy and UOP/Honeywell. He has provided advisory services for many of the world’s most successful oil production,...
Ed covers upstream, refining, US transportation trends, and biotechnology for Argus Consulting Services. He has 39 years’ experience conducting market analysis, project feasibility studies, and new process technology evaluation, working for Argus, Jacobs Consultancy and UOP/Honeywell. He has provided advisory services for many of the world’s most successful oil production, refining, energy, logistics and bio-fuels organizations, as well as for banks, sovereign wealth funds and government agencies. Ed holds Bachelor of Science degrees in Chemical Engineering and Biochemistry from the University of California, a Master of Science degree in Microbiology from the Illinois Institute of Technology and he received a Master in Business Administration degree from the University of Chicago.
Stefka Wechsler
Marine Fuel Editor and Pricing Analyst, Argus
Stefka Wechsler joined Argus Media in 2012 as the editor of the daily price and news report Argus Marine Fuels. Built an extensive network of suppliers, traders, brokers and shipowners in all major ports in North America and Latin America. Formerly fuel oil consultant with Poten & Partners (2006-2012) where she focused on market analysis, scenario planning and strategy dev...
Stefka Wechsler joined Argus Media in 2012 as the editor of the daily price and news report Argus Marine Fuels. Built an extensive network of suppliers, traders, brokers and shipowners in all major ports in North America and Latin America. Formerly fuel oil consultant with Poten & Partners (2006-2012) where she focused on market analysis, scenario planning and strategy development for resid production, consumption and regulations. She contributed to the monthly Fuel Oil in World Markets and Fuel Oil Opinion reports and co-authored the studies Fuel Oil Prospects 2010-2015, North America ECA 2012-2020 and Marine Fuel Regulations 2010-2025. She has a Bachelor in Business from Baruch College and an MBA from Fordham University.