Argus Asian Refined Products Summit 2017

Transcription

1 Argus Asian Refined Products Summit 2017 Capturing key changes in oil market dynamics that will shape future strategies Conference: May 2017 Training: May 2017 Carlton Hotel Singapore Senior Level Participants International Delegates Sign up for the exclusive conference and training bundle. Register today and save USD 800! Places are filling up fast, sign up now Event Overview The Argus Refined Products Summit 2017 will feature in-depth discussions on key trends in Asia s refining sector and products markets, as well as examine the game-changing factors driving market developments. Market analysis by 10 global industry experts at this event will assure you of a rewarding experience. The event is followed by a separately bookable 1.5 day training course entitled Trading and Risk Management for Crude Oil and Refined Products, which is designed to sharpen the trading skills of professionals in the crude and refined products trading and risk management sector. The course is clearly structured to provide in-depth coverage of trading instruments and market characteristics, addressing the specifics of modelling energy products and the applications for risk management. Oil Trading Enhancement Program Sponsor Opportunities Find out how you can benefit from early booking privileges and discounts by contacting our sponsorship sales manager for a personalized sponsorship proposal. Contact William Fork (Sponsorship Sales Manager) directly at: Tel : Mobile : william.fork@argusmedia.com May 23 - Tuesday Argus Asian Refined Products Summit 2017 Session 1: Asian oil markets in 2017 New changes in global crude market dynamics Overview of oil product markets in Asia-Pacific and the Middle East Session 2: Insights into light and middle distillates markets Latest outlook for global gasoline and naphtha markets Key trends that will shape the future of gasoil/jet fuel markets Developments in the Asian petrochemicals sector and its impact on naphtha and LPG trade flows Session 3: Trends in the fuel oil, bunker fuel and tanker markets Trends in fuel oil trading in the region 0.5pc sulphur bunker regulations and tanker markets in 2020 Session 4: Competitive landscape in the Asian refining sector Dynamics of Refining Business in India, South Korea and Japan May 24 - Wednesday Session 5 The importance of investments for increasing crude oil supply Trends in oil refining and blending How changing policies in China reshape its petroleum refining sector Conference Ends Lunch followed by conference Trading and Risk Management for Crude oil and Refined Products Training: Refined Products markets and instruments: Physical and financial trading Strategic and Tactical issues around hedging with energy derivatives Training: Trading and Risk Management for Crude Oil and Refined Products May 25 - Thursday Hedging using energy futures, forwards, swaps Hedging speculation using energy options Risk Management Stress tests in energy Markets Technical Analysis and other tools to optimize trading decisions Selected trading strategies in oil futures & swaps markets Petroleum illuminating the markets Early Bird (30 April) Standard Conference Only USD1600 USD1800 Training Only USD1699 USD1899 Conf & Training USD3299 USD2499 USD3799 USD2999 Market Reporting Consulting Events

2 Speakers Biography Estella Shi, Senior Vice President, Head of Asian Fuel Oil, Mercuria Energy Trading Estella Shi has 27 years of experience in the oil and gas industry. She has experience working with Louis Dreyfus, Cosco- Feoso, China Aviation and Chevron. She now manages the Asia Pacific fuel oil trading book in Mercuria. Anoop Singh, Regional Head of Tanker Research, Braemar ACM Shipbroking Anoop Singh is regional head of tanker research for Braemar ACM Shipbroking. Braemar ACM is one of the largest chartering and S&P shipbroking companies in the world, with branches in 13 cities globally. Anoop holds a graduate degree in economics and is also a certified master mariner. He joined Braemar ACM in 2016 as the senior analyst responsible for crude and clean tankers research. He manages client interface and research requirements in the east of Suez region. Prior to joining Braemar ACM, Anoop headed the strategy and performance team for AET tankers, a Petronas group company. Nevyn Nah, Oil Products Analyst, Energy Aspects Nevyn covers Asian refined products market analysis for Energy Aspects. He graduated from the National University of Singapore with a chemical engineering degree and then worked at ExxonMobil for five years, where he held several roles including process engineering, business analysis and crude optimisation. Most recently, he was a senior analyst at Phillips 66 where he spent four years covering Asia and Middle East crude oil markets as well as crude optimisation for the Melaka refinery. Priya Narain Balchandani, Director - Global Research, Standard Chartered Bank Priya Narain Balchandani is a Singapore-based energy analyst focused on oil and products. She joined Standard Chartered in Priya has more than 15 years of experience in the energy industry, starting at Chevron s San Ramon refinery in California. Priya subsequently worked in Singapore for Morgan Stanley covering Asia-Pacific oil and gas equities and at Merrill Lynch Commodities as a fundamentals analyst. Kevin Wright, VP Asia Petroleum Products, Argus Kevin joined Argus in Singapore in 2014 in the Business Development team. He has 16 years oil industry experience, 12 of which were as a trader of a variety of products, including LPG, gasoline, and, most recently, middle distillates. His current focus is on petroleum products in Asia and the Middle East. Yeo Yu Kin, VP Argus Consulting Services, Argus Yu Kin heads Argus Consulting Services in Asia and is responsible for Argus advisory work in the region. Yu Kin started his career in 1990 with KBC Advanced Technology before moving to market consulting with Purvin & Gertz in During his time with Purvin & Gertz he was responsible for numerous studies in the oil and gas sectors and other energy-related businesses. Feng Lei Shi, Senior Analyst, Argus Fenglei is a senior analyst in Argus Beijing office. Fenglei specializes in analysis of energy policies, oil and gas fundamentals as well as trading trends. Prior to joining Argus, Fenglei was editor-in-chief for state-owned China Energy News, working under the guidance of the National Energy Administration. She obtained a master s degree in journalism from the University of Hong Kong. Anu Agarwal, VP Petrochemicals, Argus Anu Agarwal is VP Petrochemicals, Asia based in Argus Singapore office. She works closely with the petroleum product industry across Asia and the Mideast Gulf to develop the role of Argus in meeting the dynamic requirements of this huge market. Anu has spent over 10 years working for global petrochemical companies in strategy and business development as well as sales and marketing roles across Asia. She also spent six years reporting and analysing pricing trends in the chemical, refined products and biofuel markets as well as examining the underlying factors that influence global trade in these markets. Anu shares a keen interest in new product development with a track record of developing pricing services for new and emerging markets. Simon Neo, Regional Manager Asia, International Bunker Industry Association Simon currently runs own bunker broker company, Piroj International, and also works with IBIA as its regional manager in Asia. From he worked as a physical bunker supplier, mainly in bunker operations, marketing, oil trading and bunker tankers management. He has held various key senior management positions at multinational and local companies. Simon was also Chairman of IBIA and IBIA Asia for a total of four years.

3 Day One 23 May (Tuesday) 08:30-08:55 Registration and refreshments 08:55-09:00 Welcome address by Argus Session 1: Asian oil markets in :00-10:00 New changes in global crude market dynamics 10:00-10:30 Overview of oil product markets in Asia-Pacific and the Middle East Kevin Wright, Vice-President - Products, Asia, Argus 10:30-10:35: Q&A 10:35-11:00: Networking refreshments Session 2: Insights into light and middle distillates markets 11:00-11:30 Latest outlook for global gasoline and naphtha markets 11:30-12:00 Key trends that will shape the future of gasoil/jet fuel markets Demand is finally growing with the global economy IMO How will it shape demand for distillates and affect refining margins Nevyn Nah, Oil Products Analyst, Energy Aspects 12:00-12:30 Panel discussion 12:30-14:00: Lunch 14:00-14:45 Developments in the Asian petrochemicals sector and its impact on naphtha and LPG trade flows Anu Agarwal, Vice-President - Chemicals, Asia, Argus Developments in the region s olefins and aromatics industries Will rapid expansion of the global petrochemicals sector create a supply glut in the future? Will the share of LPG and ethane in the feedstock mix for crackers rise in Asia? Will naphtha cracker co-products demand impact the choice of feedstock? The economics of on-purpose olefin production such as coalto-olefins and propane dehydrogenation Refinery ashore or onboard - Commercial factors influencing shipowners decision on whether to install a scrubber How will tanker markets fuel mix change in 2020? The tanker market landscape in :40-15:45: Q&A 15:45-16:00: Afternoon Refreshments 16:00-16:30 Panel discussion: Early confirmed panellists: Estella Shi, Senior Vice-President, Head of Asian Fuel Oil, Mercuria Energy Trading Anoop Singh, Regional Head of Tanker Research, Braemar ACM Shipbroking Kevin Wright, Vice-President - Products, Asia, Argus Simon Neo, Regional Manager Asia, International Bunker Industry Association Priya Narain Balchandani, Director - Global Research, Standard Chartered Bank 1. How will fuel oil markets play out in 2017? Will faltering fuel oil demand from China be offset by other growth markets? The rising use of LNG bunkering: a threat to fuel oil? IMO regulatory compliance in the spotlight Will the IMO sulphur cap erode regional fuel oil demand? 2. How will marine fuel and shipping markets play out? Shipowners in the painful transition to using cleaner fuels: is marine gasoil a silver bullet? Will the IMO s 0.5pc sulphur cap lead to higher freight rates? What are the options for charters, refiners and traders? Session 4: Competitive landscape in the Asian refining sector 16:30-17:00 Dynamics of Refining Business in India, South Korea and Japan 17:00-17:10: Q&A 17:10-17:15 Chairman s Closing Remarks 17:30-20:00 Conference Cocktail Reception 14:45-15:00: Q&A Session 3: Trends in the fuel oil, bunker fuel and tanker markets 15:00-15:20 Trends in fuel oil trading in the region Estella Shi, Senior Vice-President, Head of Asian Fuel Oil, Mercuria Energy Trading 15:20-15:40 0.5pc sulphur bunker regulations and tanker markets in Options and strategies for operators Anoop Singh, Regional Head of Tanker Research, Braemar ACM Shipbroking

4 Day Two 24 May (Wednesday) 09:00-09:30 Refreshments and coffee 09:30-09:35 Opening address 09:35-09:55 The importance of investments for increasing crude oil supply Economics of scale: appropriate supply chain strategy for crude oil traders and producers Storage facilities by UMT Investments worldwide in the Mediterranean, Gulf and Asia-Pacific Fikret Ellibesoglu, General Manager, UMT Investments 09:55-10:25 Trends in oil refining and blending Yeo Yu Kin, Vice-President - Consulting Services, Asia, Argus 10:25-10:35: Q&A 10:35-11:00: Networking refreshments 11:00-11:30 How changing policies in China reshape its petroleum refining sector Shi Feng Lei, Senior Analyst, Argus Capacity and market share: independent refiners versus stateowned enterprises Historical trends in domestic/export markets for oil products The impact of oil market reforms on the independent sector Competitiveness and limitations for independent refiners: units/products/logistics An outlook for China s product exports 11:30-12:00 Refinery closures and additions amid changing fuel specifications and the rise of alternative energy sources 12:00-12:30 Panel discussion: Will the increasing use of biofuels in the transportation sector pose a serious threat to oil refiners? 12:30-12:35 Closing address by Argus 12:35-14:00: Lunch 14:00 End of conference Past delegates TASWEEQ, TonenGeneral Sekiyu, QIPMC (TASWEEQ), Singapore Refining Co. (SRC), APCOL, BP Singapore, Kuwait Petroleum Corporation (KPC), Total Oil Asia Pacific, Bank of America Merrill Lynch, Kolmar, Marubeni International, VTTI Asia, Ze Power, Mabanaft, Chandra Asri, Ze Power, Reliance Global Energy, Hengyi Industries, Libya Oil Supply, Saudi Aramco, Caltex Australia, TonenGeneral Sekiyu, Kuwait Petroleum Corporation (KPC), Phillips66 International Trading, Saudi Aramco (SG), Maersk, Torm, Trafigura, Vopak Terminal, CITIGROUP, PetroChina Fuel Oil, BB Energy, Bangchak Petroleum PCL, Total, Prime Star Energy, VTTI Asia, VTTI Tanjung Bin, Total Petrochemical & Refining, Talisman Malaysia, ENI, The Bangchak Petroleum Public Limited Company, Vopak Terminals Singapore, GDF SUEZ Trading, Vopak Asia, Kuwait Petroleum Corporation (KPC), Singapore Refining Company, PTT Public Company Limited, Korea Oil Terminal, Ulsan Port Authority, Distribuira Maritima Petrogas, Mitsui & Co Energy Trading, Maple Icon, SK Gas, Tasweeq, Repsol Trading, King Abdullah Petroleum Studies and Research Center, Maersk Tankers, Tasweeq, SK Energy International, Petrobras Singapore, Vopak Terminals Singapore Pte Ltd, Saudi Arabian Oil Company, VTTI Asia Pte Ltd, Wintershall Oil AG, Singapore Refining Company Private Limited, Cosmo Tokyo Head office, Cosmo International, Tribecca Brookman, Autoridade Nacional do Petróleo / The National Petroleum Authority, WRT MIDDLE EAST FZE, Phillips 66 International Trading Pte Ltd, Inge Steensland AS, Inge Steensland Singapore Pte Ltd, ADNOC Marketing International (Singapore) Pte Limited, Kuwait Petroleum Corporation, Oiltanking Asia Pacific Pte Ltd Testimonials about Argus events Conference was well attended with full house, the panel discussions were very good. Networking sessions were really helpful to do methodical networking. It was overwhelming for me to get response from peers and seniors. Mukul Bapat- Reliance( Global/Singapore) The event was a very welcome change in terms of participation from so many organisations, the content of the presentations and it was very well organised. Peter Zhiltson-Trade Mission of Russian Federation in China It was a great event that brought key players from different countries and debated many relevant issues. I look forward to the next conference. UNIPEC

5 Trading and Risk Management for Crude oil and Refined Products Effective techniques in maximizing trading profits and minimizing risks May 2017 Singapore Workshop overview This 1.5-day seminar is clearly structured to cover the instruments and market characteristics in depth, addressing the specifics of modelling energy products and the risk management applications of these instruments. Risks are defined in the context of energy markets including main approaches to estimating and calculating value-at-risk. The practical case studies will ensure you discuss areas of concern that might arise from your day-to-day work and enable you to put into practice any theory discussed. Who should attend Trading analysts, traders, trading managers, risk managers, portfolio managers, risk consultants from trading houses, financial institutions, exchanges, refineries, etc. Course schedule 24 May :45-14:00 Registration 14:00-15:30 Session 1 15:30-15:45 Refreshment Session 15:45-17:30 Session 2 25 May :00-10:45 Session 3 10:45-11:00 Refreshment Session 11:00-12:30 Session 4 12:30-14:00 Lunch 14:00-15:30 Session 5 15:30-15:45 Refreshment Session 15:45-17:30 Session 6 Course outline REFINED PRODUCTS MARKETS AND INSTRUMENTS: PHYSICAL AND FINANCIAL TRADING Overview of the global refined products markets Trading crack spreads, refineries as derivatives Forwards, swaps, basis swaps, options, strips of options, Asian options, crack spread options STRATEGIC AND TACTICAL ISSUES AROUND HEDGING WITH ENERGY DERIVATIVES Understanding operations and entity-wide objectives Close out value - liquidity measures in OTC markets Evaluating the use of derivatives to control market risk and linking use to entity-wide and activity-level objectives (the risk matrix) HEDGING USING ENERGY FUTURES, FORWARDS, SWAPS Hedging with futures. Buyers and sellers long or short? Hedging with forward and swaps Energy swaps and exotic swaps Learning for the forward curve HEDGING AND SPECULATION USING ENERGY OPTIONS Review of options types Understanding option payoffs RISK MANAGEMENT Understanding and interpreting risk measures, VaR Overview of methodologies

6 STRESS TESTS IN ENERGY MARKETS Stress tests as a complementary tool to VaR and other market risk measures Types of stress tests and main applications Integrating liquidity, credit and operational risk in the formal risk management process TECHNICAL ANALYSIS AND OTHER TOOLS TO OPTIMIZE TRADING DECISIONS Technical analysis and key tools that can help you in the market Advanced analysis for timing in OTC swaps markets - linked to Platts/Argus pricing Key fundamentals SELECTED TRADING STRATEGIES IN OIL FUTURES & SWAPS MARKETS Crude oil arbitrages Crude oil spreads Product spreads Product arbitrages Trainer Samuel Owen Samuel Owen has 30 years of experience in oil trading operations, chartering and physical oil trading in various companies including Phibro, Caltex, Chevron, ENOC and RWE. A chemical engineer by training, he started his career at the Shell refinery in Singapore. He has a wide breadth of knowledge and experience in the oil industry, ranging from leading multinationals oil trading desks to establishing effective risk management systems to developing and analysing oil trading business plans and risks. In the past few years, he has also been involved in the renewable energy space, mainly developing biomass trading and carbon emissions in Asia for RWE. Fee Table Early Bird (30 April) Standard Conference Only USD1600 USD1800 Training Only USD1699 USD1899 Conf & Training USD3299 USD2499 USD3799 USD2999 Please contact Josephine Pulvera (josephine.pulvera@argusmedia.com / ) for more details.

7 Event registration: Argus Asian Refined Products Summit FAX: Complete this form and fax to MAIL: Complete this form and post to the address below VENUE Carlton Hotel Singapore Conference Only (23-24May 2017) EARLY BIRD (Available until 30 April 2017) US$ 1,600 STANDARD RATE US$ 1,800 Training Only (24-25 May 2017) EARLY BIRD (Available until 30 April 2017) US$ 1,699 STANDARD RATE US$ 1,899 Conference and Training (23-25 May 2017) EARLY BIRD (Available until 30 April 2017) US$ 2,499 STANDARD RATE US$ 2,999 Group discount are available. Please contact Josephine Pulvera / ) for more details. *Full conference fee includes two-day conference pass to participate in all sessions, networking luncheon and refreshment breaks, one invitation to the cocktail reception and one set of conference documentation. * Travel, accommodation and visa costs are not included in the conference fee. * Registration fees are subject to the prevailing government tax. 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