Argus European Crude Conference – Geneva

• How have trading houses navigated this year’s turbulent energy markets and how do you best plan for the future?
• As Europe continues to push for more energy independence, how will this impact crude supply, demand and trading dynamics?
• How are trading houses managing environmental, social, governance (ESG) and carbon concerns? What role will carbon credits, offsets and carbon-neutral crude have in the market?
• As the industry continues to invest in cleaner energy sources, what opportunities remain for crude trading in the short and long term?

• 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
Frank Monkam, Head Macro Trader, Gunvor SA

• 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)

• 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?

• 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

• 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:
Pedro F Manrique, Vice President - Commercial & Marketing, Ecopetrol S.A.
Tom Reed, Vice-president, China Crude and Products, Argus

• 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

• 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

• 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?

Panellist:

Alexander Peters, Group CFO, ArrowResources AG

• How are refiners in the Mediterranean changing their crude supply strategy?

• 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:

Frederic Lasserre, Global Head of Market Research & Analysis, Gunvor Group
Vicki Goodwin, Senior Oil Trade Strategist, Ezpada AG

• How are the world’s crude benchmarks changing as trade flows shifts?
• What pricing solutions exist in various regions?