Demand, Supply & Margin Dynamics
How are European refiners going to remain competitive in the downturn?
Oil markets have seen dramatic changes in the past year. Who could have foreseen that crude prices would drop by more than $100/barrel since July 2008, when they peaked at record levels above $147/barrel?
The speed and intensity of the oil price collapse have posed particular challenges for European refiners, which have had to adapt their businesses to a low demand, low price environment at a time when climate change legislation is leading to more stringent product specifications and, as a consequence, increasing costs.
Supply of both crude and products may be plentiful now when prices and demand are low but, amid warnings from leading forecasters such as the International Energy Agency of tightening supply over the next few years as the world recovers from recession, refiners must also prepare to make sweeping adjustments in the future so as to maintain their competitiveness.
Platts 3rd Annual European Refining Markets conference will bring together Europe’s refining community and other interested parties to discuss the changing structure of the continent’s refining sector and devise strategies aimed at increasing refinery responsiveness to change, mitigating risk and channeling investment where it is needed.
Just some of the speakers confirmed include:
* Mark Gainsborough, Executive Vice-President, Supply Strategy & Portfolio, Royal Dutch Shell Group
* André Tricoire, Senior Vice President - Refining, TOTAL S.A.
* Jean Baptiste Renard, Regional Group Vice President, Europe and Southern Africa, BP
* György Mosonyi, Chief Executive Officer, MOL Group
* John A. Costopoulos, Chief Executive Officer, Hellenic Petroleum
* Thomas O’Malley, Chairman, Petroplus
* Panos E. Cavoulacos, President, EUROPIA
* Andreas Schwingshackl, Senior Vice President, Trading and Risk Management, Refining and Marketing, OMV Refining and Marketing
* Franck Demay, Business Director, Ineos Refining
* Hans Petter Rebo, Project Manager, Statoilhydro
* Dario Scaffardi, General Manager, Saras
* Joanne Shore, Team Leader, Petroleum Division, Energy Information Administration (EIA)
* Isabelle Muller, Secretary General, EUROPIA
* Harri Turpeinen, Vice President, Corporate Stakeholder Relations, Neste Oil
* Artur Thernesz, Director Technology and Project Development, Director Downstream Development, MOL Group
* Simon Thorne, Managing Editor, EMEA Oil, Platts
* Johannes Benigni, Managing Director, JBC Energy
* Ian Hodgson, Policy Officer, DG Environment, European Commission
* Dragos Rauta, Technical Director, INTERTANKO
Issues to be explored:
* The outlook for refined products — Demand and supply in the economic downturn. How can European refiners remain competitive in a low demand economy?
* Global refining market dynamics and their impact on European refining operations
* The sustainability challenge — Carbon, cost and consequences
* Competitiveness of European refining in the context of European Union energy and climate change policy
* Product shifts — Review and outlook for refined products 2009–10
* Responsiveness, risk mitigation and investment outlook
* The balance between diesel demand and supply and its impact on European refinery operations and margins
Start Date 14 September 2009
End Date 14 September 2009
Posted by Platts on 15 June 2009 11:49
Location Marriott Brussels, Brussels, Belgium
Category Events
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