Argus Rio Crude Conference

• Taking stock: how has the global crude market responded and adapted to global supply and demand shocks over the past three years?
• What are the main challenges and opportunities this has presented the LatAm region?
• Where to next for LatAm crude: What can the region look forward to in the year ahead?

• How has global crude supply and demand shifted over the past year and what  opportunities has this opened up for LatAm?
• How have global crude trade flows been impacted by the Russia-Ukraine war, sanctions and price caps?
• What is the international outlook for new crude production from both OPEC and non-OPEC sources?  
• How is the flow of Canadian crude coming through the USGC and USWC impacting the price of LatAm grades?
• Changing export flows from LatAm and new destination markets — who are the main buyers of Brazilian and other LatAm crudes? What other regions are competing with LatAm as a global supply source?

Moderator: James Gooder, VP Crude, Argus

Speakers include: 

Sean Hill, Senior Economist, U.S. Department of Energy- EIA

Tom Reed, Vice-President, China Crude and Products, Argus

• What have been the main shifts in the strategic plan for Petrobras? What has changed?
• How is Petrobras adapting to the energy transition?

Q&A led by Vanessa Viola, Senior Vice-President, Latin America, Argus

• Who are these new players? What is their projected growth and why is this significant?
• What are the main opportunities in the market both within LatAm and outside? Where are they looking to sell?
• What is coming next for new players, particularly in terms of regulation? What additional capacity is likely to come online from new assets and drilling programs?
• What other M&A activities are taking place? How are these likely to shape the market? 

Moderator: Camila Dias, Brazil Country Manager, Argus

• What is the projected capacity coming from the region? What are the key countries with new projects and ambitions for export?
• What have been some of the major market changes and opportunities upcoming in the region?
• What crude grades are coming out of the region and who are the main buyers? 

Moderator: Vanessa Viola, Senior Vice-President, Latin America, Argus

Speakers include:

Pedro Manrique, Commercial and Marketing Vice President, Ecopetrol

• What new crude production might come online? What are the main opportunities for the Argentinian market?
• What new trade flows are being opened? What are the main constraints for the market today?
• How is investment in infrastructure looking to accompany growth in crude oil exports?
• Argentinian Medanito — Market perspective: what is going to be available and when? What is its quality? How much will exports ramp up in 2023-24? What markets could Medanito reach?

Moderator: Gus Vasquez, Americas Senior Crude Editor, Argus

Speakers include: 

Mauricio Martin, VP Digital Technologies and Supports, YPF

Francisco Villamil, Trading Manager, Vista Energy

Alejo da Bouza, Crude and Heavy Products Trader, Pan American Energy

Europe and US

• What have been the main changes in requirements for refinery diets in different regions?
• Why has LatAm crude played such a crucial role in filling supply gaps?
• View on future of refinery margins and economics: What are the main ingredients for a firm refinery margin moving forward?

Moderator: James Gooder, VP Crude, Argus

Speakers include:

Mónica Lesmes Martínez, Crude Oil Trading Manager, Repsol Trading

Marco Schiavetti, Chief Commercial Officer, Saras Trading

Tomás Carmona Hernández, Head of Global Crude Oil Desk, CEPSA Trading

• How do Asian buyers view the LATAM market? What is their current demand for LATAM crudes?
• Why are Brazilian grades so important for Europe and Asia?
• What investments are Asian companies making in the region? Perspectives on investment in assets and new projects 

Q&A led by Tom Reed, Vice-President, China Crude and Products, Argus

• What are the synergies and opportunities in expanding traditional and renewable energy sources in LatAm?
• How is infrastructure built today looking to serve existing crude and products markets and future fuels in the energy transition?
• How are portfolios being diversified and what are the opportunities in emerging technologies?  

Moderator: James Gooder, VP Crude, Argus

Speakers include: 

Daniel Elias, CEO and Country Chair, Petrogal Brasil (Galp)

Rogerio Campos, Partner, Veirano Advogados

Viviana Coelho, Climate Change And Decarbonization Executive Manager, Petrobras

• What new infrastructure projects are in the pipeline? What are the main bottlenecks in expanding crude capacity?
• How are new players in Brazil verticalizing operations, including integration of terminals, refineries with onshore wells and offshore platforms?
• Tank storage, refinery and pipeline connections for future growth: How can exports in the region be unlocked?

Victor Bomfim, CEO, VAST Infraestrutura

• What are carbon markets and how do they work? Will LatAm follow Europe and the US?
• What is the market for carbon offsets in LatAm and how does carbon compensated crude oil work?
• How could the European ETS shift the crude oil market? How will Europe and CBAM mechanisms push the market to adopt principles?
• What are the opportunities for the trading business in LatAm? What companies are willing to pay for “cleaner” oil? What are the timescales for adoption?

Q&A led by Tom Reed, Vice-President, China Crude and Products, Argus

• Sequestration, use versus offsets? What has been adopted so far?
• Will there be CI assessments for different grades of crude? Will companies pay a premium for “cleaner” oil?
• Is carbon a revenue stream to be explored? 

Moderator: Camila Dias, Brazil Country Manager, Argus

Speakers inclide:

Isabela Morbach, Co-founder and Director, CCS Brasil

Raquel Filgueiras, Project Manager and Advisor, O&G and Maritime - South America, Innovation Norway

Navigating major market changes

The Brent market is to undergo its biggest change ever, with the inclusion of WTI from the US in the pricing basket in May 2023. Join this Argus ‘Changes in the Brent complex – What do you need to know?’ workshop led by James Gooder, VP Crude and Gus Vasquez, Americas Senior Crude Editor at Argus to understand what impact this change is likely to have, what this means for you and your business.

The workshop will cover:

• Why is this change happening? Geopolitics, volatility, changing trade flows
• What does the change mean and how could this impact your business?
• How do the underlying WTI markets at the US Gulf Coast function?
• Argus’ role before and after the change: the significance of publishing two versions of North Sea Dated

Moderator: Vanessa Viola, Senior Vice-President, Latin America, Argus

Speakers:

James Gooder, VP Crude, Argus

Gus Vasquez, Americas Senior Crude Editor, Argus