Argus Global Crude - Geneva

Delegate fee  € 499

Meet your workshop leaders:

• Tracy Vowel, Vice-President, Business Development, Argus
  
  
• Matt Wright, Manager, Crude and Refined Products Team, Argus
  

A highly interactive half-day workshop

Complimentary for people who have registered to attend the Argus Global Crude-Geneva summit, 15-16 October 2019.

Your workshop leaders: 

• James Gooder, Vice-President Crude, Argus
• Tom Reed, Vice-President China Crude and Products, Argus
• Jeff Kralowetz, Vice-President Business Development, Argus 

14:10 Chairman’s opening remarks: James Gooder, Vice-President Crude, Argus

14:20 New North Sea Dated – The next step for Brent

• US crude exports’ impact on the European market 
• Developing a liquid market to aid price discovery in the European delivered crude market
• Integration of delivered streams into the North Sea pricing complex
  James Gooder, Vice-President Crude, Argus

14:50 The new arbitrage — WTI fob US Gulf coast and cif Rotterdam

• The state of the top benchmarks in the US – WTI Houston, WTI Midland, Bakken and Mars
• The emergence of new benchmarks, especially WTL and WCS Houston
• Possible emergence of a separate WTI fob Corpus Christi? WTL fob Corpus Christi? 
  Jeff Kralowetz, Vice-President Business Development, Argus 

15:20 Questions and answers

15:30 Afternoon coffee and networking

15:50 China crude benchmarking and assessing lucrative opportunities

• Update on the Chinese market (S&D balance/short-term outlook/impact of new refineries/crude imports vs product exports)
• Development of the Chinese spot market and Argus’ provision of the only assessments for that delivered market 
• Advantages of using Argus spot prices for crude sales to China (floating vs fixed pricing)
• Potential for use of Argus spot prices in swaps contracts for crude delivered to China
  Tom Reed, Vice-President, China Crude and Products, Argus 

16:20 Questions and answers 

16:30 Chairman’s closing remarks: James Gooder, Vice-President Crude, Argus

16:40 Close of the workshop

Meet your breakfast workshop leaders:

• Vlasios Voudouris, Chief Data Officer, Argus

• Kriton Xydas, Head, Data Science, Argus

Data analytics in crude trading is shifting the competitive landscape for traders and risk managers. 

The use of artificial intelligence, machine learning and alternative data sets are all helping market participants enhance their crude trading and risk management strategies. 

Are you one of the early adopters looking to leverage existing effort, or are you concerned that your trading and risk management practices may be falling behind?

Argus Media has built out new data science capabilities designed to enhance and augment the analyses that many companies are already undertaking. Quantifying market volatility and balance of risk metrics can be used to illuminate trading, risk management and hedging innovations already under way.

Join our data science leaders at this exclusive breakfast briefing for a demonstration of how artificial intelligence and machine learning algorithms are leveraging Argus’ unique data to provide high-speed, results-oriented insight into crude markets. 

Session participants:

• James Foster, Global Commodity Head, BP Oil International
  
  
• Neil Atkinson, Head, Oil Industry and Markets Division, International Energy Agency (IEA)
  
  
• Fernando Ferreira, Director, Geopolitical Risk Service, Rapidan Energy Group
  
  
• Eric Lee, Commodities Strategist, Citigroup

Moderator:

David Fyfe, Chief Economist, Argus

From the continued strength of US shale oil, through the global push for cleaner energy to rapid technological change that is transforming the way business is done, the industry faces new opportunities and challenges. Topics to be addressed include:

• Debating the market outlook
  
  
• How will crude oil and refined product trading patterns evolve post-2020?
  
  
• How are you adapting to new opportunities and challenges?
  
  
• Which technology will cause the greatest change over the coming years?

Session panelists:

Marco Schiavetti, Chief Commercial Officer, Saras Trading

Vladimir Langhamer, Trading Director, OMV Supply & Trading

Adi Imsirovic, Head of Oil, Gazprom Marketing & Trading

Moderator:
James Gooder, Vice-President Crude, Argus

• What are the key drivers for investors?
  
  
• What risks does the new environment pose when investing in the oil sector?

Alastair Houlding, Head, Trade Commodity Finance, ING, will identify the current trends, including financing structures and mechanisms as well as trade credit, political risk and the outlook for the financing environment in the year ahead.

Moderator:
Nicolette de Joncaire, Editor in Chief, Allnews

• What is the latest state of play for crude export infrastructure?
  
  
• What new US export crude infrastructure projects are on the horizon?
  
  
• How can the industry capitalize on export developments in the US gulf coast?
  
  
• What can be learned from the US? 

Interview questions include:

• How much VLCC capacity does the Gulf coast need? A lot of shipments to Europe and Latin America are perfectly economical on smaller ships.
  
  
• Most of the new pipeline capacity out of the Permian is headed for Corpus Christi. Do you expect export volumes out of Corpus to surpass Houston?
  
  
• How will quality be enforced in Gulf coast export markets? How do European buyers of US crude cargoes know what they are getting?
  
  
• What kind of demand do you see in Europe for WTL, the lighter crude out of the Permian?
  
  
• Has Enterprise moderated its outlook for US crude production growth? Do you see a greater chance that crude pipeline and dock infrastructure will be overbuilt?
  
  

Moderator:

Jeff Kralowetz, Vice-President, Business Development, Argus

• Liquidity trends in the Houston products
  
  
• Launch of auctions for export cargoes
  
  
• New pricing points and derivatives emerge
  
  
• Role of existing benchmarks in evolving markets
  
  

• Geopolitics is upending Latin American crude trends, clouding the trajectory of key fundamentals
  
  
• Pre-salt giant Brazil has overtaken the region’s legacy oil producers
  
  
• Mexico is turning inward again, while Venezuela languishes amid political turmoil
  
  
• An emerging shale play is transforming election-bound Argentina back into a supplier
  
  
• Unconventional resource potential beckons in Colombia, while upstart Guyana prepares to debut as a significant supplier
  
  

• How much investment is going into building storage terminals in Brazil?
  
  
• What is the current capacity?
  
  
• How much more needs to come on line to keep up with crude production?

These will be interactive sessions, with all round-table participants offering a unique opportunity to discuss market-driven topics in small groups. You can use the champagne round-tables to ask any questions or to examine a topic that came up earlier in the day in more depth.

Round-table one: Data science-Trading, risk and hedging
Leaders: Vlasios Voudouris, Chief Data Officer, Argus and Kriton Xydas, Head, Data Science, Argus

Round-table two: Navigating IMO 2020-Opportunities and challenges
Leader: Ben Holt, Senior Advisor, Tullow Oil 


Round-table three: Harnessing new technology in the crude trading business
Leader: John Luu, Managing Director, Greensill - a fintech firm specialising in working capital solutions such as supply chain finance and infrastructure or acquisition financing

• Structural changes of China’s oil demand
• Expanding refining industry - opportunity and challenge 
• What will be changing next?

Xia Xiaoyuan, Analyst, covering Chinese market, Research and Strategy, UNIPEC and Wang Xiaotao, Analyst, covering global oil supply, Research and Strategy, UNIPEC, will join the questions and answers session.

• Review of IMO 2020 regulatory aspects
  
  
• Main foreseen solutions and impact on refining business
  
  
• Case study examples using digital planning system( Haverly H/COMET)

• Challenges and opportunities in an evolving oil market
  
  
• World oil supply and demand, including heavy vs light crude
  
  
• The prospects for conventional and unconventional oil
  
  
• Impact of geopolitics vs geo-economics on the market
  
  
• The role of KPC in the changing oil market

• How are regional policy makers, legislation and environmentalists influencing this?
  
  
• How the petroleum industry is adapting to increase climate change pressure?