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

Argus European Crude Conference – Geneva

  • 08:00
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  • 09:00
  • Registration and welcome coffee
  • 09:00
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  • 09:10
  • Conference welcome address Adrian Binks - Chairman, Chief Executive Officer, Argus
  • 09:10
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  • 09:15
  • Chairperson’s introduction and opening remarks Euan Craik - Head of Petroleum, Argus
  • 09:15
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  • 10:00
  • Keynote interview
  • 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?
  • 10:00
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  • 10:45
  • Panel discussion: Geopolitics and inflation – Managing the known unknowns Panellists include: - Trafigura, Gunvor SA
  • 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

  • 10:45
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  • 11:20
  • Networking break
  • 11:20
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  • 12:00
  • The hunt for new supply – Europe’s refining landscape Panellists include: - PKN ORLEN S.A, International Energy Agency (IEA)
  • 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)

  • 12:00
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  • 12:30
  • US production growth – What is holding it back?
  • 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?
  • 12:30
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  • 13:10
  • Voluntary carbon credits and carbon-neutral crude – What oil market participants need to know Panellists include: - Ecopetrol S.A., Climate Neutral Commodity
  • 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

  • 13:10
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  • 14:30
  • Lunch
  • 14:30
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  • 15:15
  • Rebalancing of trade flows – Where are the windows of opportunity? Panellists include: - Ecopetrol S.A., 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:
Pedro F Manrique, Vice President - Commercial & Marketing, Ecopetrol S.A.
Tom Reed, Vice-president, China Crude and Products, Argus

  • 15:15
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  • 16:00
  • Global crude freight markets: Changing routes, freight rates and the move towards green shipping Panellists include: - Maersk Broker K/S, Fürstenberg Maritime Advisory
  • 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

  • 16:00
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  • 16:30
  • Afternoon break
  • 16:30
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  • 16:50
  • 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
  • 16:50
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  • 17:30
  • From banks to funds – A look at the evolving priorities in commodity trade finance Panellists include: - 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?

Panellist:

Alexander Peters, Group CFO, ArrowResources AG

  • 17:30
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  • 17:40
  • Close of conference
  • 17:40
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  • 19:00
  • Networking cocktail reception
  • 09:00
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  • 09:20
  • Welcome coffee
  • 09:20
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  • 09:30
  • Chairperson’s opening remarks
  • 09:30
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  • 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
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  • 10:40
  • The European landscape – The distillates outlook and the shift in product mix Panellists include: - Gunvor Group, Ezpada AG
  • 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

  • 10:40
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  • 11:10
  • Networking break
  • 11:10
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  • 11:50
  • Roundtables: Share solutions, trends and initiatives Roundtable leaders include: - KPMG, The Monarch Partnership
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 Risk Management & Trading, The Monarch Partnership

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

4) The distillate crisis – are we expecting the problem to persist until 2023?

  • 11:50
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  • 12:05
  • Roundtable leaders to share key takeaways from each group’s discussions in three minutes
  • 12:05
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  • 12:15
  • Chairperson’s closing remarks
  • 12:15
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  • 14:00
  • Lunch
  • 14:00
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  • 15:30
  • Argus perspectives: Benchmarks and changing crude flows workshop
  • How are the world’s crude benchmarks changing as trade flows shifts?
  • What pricing solutions exist in various regions?