Maintaining Europe's Downstream Industry - Register TODAY!

The European refining market is currently facing tough industry conditions from overcapacity and weak demand to strong competition and stringent emissions legislation.

For a number of years, Platts Annual European Refining Markets Conference has got to the very heart of these issues and explores ways in which the sector can boost competiveness, enhance flexibility and maximize margins now and in the future.

Why should you attend?

Maintaining Europe’s downstream industry
In close cooperation with industry leaders, 2012's event will unite Europe’s leading downstream professionals to discuss and debate the industry's evolving landscape and strength.
Boost competiveness, enhance flexibility and maximize margins - best practice examples in a practical and relevant way
Exclusive insight from major, regional and independent refiners, highlighting key issues affecting long-term strategy and planning while unearthing strategies for boosting plant flexibility, optimizing production cycles and reducing costs.
Meet your key contacts
Attracting 150+ industry professionals from the refining community and its dependents - no other event unites the most influential players in the market!
28 exclusive sessions covering key questions the industry needs to answer including - How viable are the fundamentals long-term? How has the wave of refinery sales in Europe impacted the European downstream sector? Post-Petroplus, where next for the independent refiner?
As Europe's leading event for refining professionals, the 2012 event is packed with learning, inspiration and business opportunities.



Who is presenting?

Keynotes from:

Nathalie Brunelle Senior Vice President, Strategy, Development and Research, Refining & Chemicals Division, TOTAL
Mark Quartermain, Vice President, Downstream Strategy Development v Market Analysis, Shell
Peter Mather, Group Regional Vice President Europe, Head of Country UK, BP
Alois Virag, Senior Vice President, Refining v Petrochemicals, OMV
Dario Scaffardi, General Manager, SARAS
Sukumar Narasimhan, Senior Vice President, Supply Chain, Reliance Industries
Isabelle Muller, Secretary General, Europia
Lars Peter Lindfors, Senior Vice President, Technology and Strategy, Neste Oil

With further insight and analysis from:

Mikhail Antonov, Deputy Director of Refining, LUKOIL Trade and Supply (Litasco)
Robert Mwasaru, Director of Group Planning and Optimization, MOL Group
Toril Bosoni, Senior Oil Market Analyst, Refining, International Energy Agency (IEA)
Alan Gelder, Vice President, EMEA - Downstream Consulting, Wood Mackenzie
Chris Hunt, Director General, UK Petroleum Industry Association
Mechthild Wörsdörfer, Head of Unit, Energy Policy and Monitoring of electricity, gas, coal and oil markets, DG Energy, European Commission
Seth Kleinman, Global Head of Energy Strategy, Citi
Miswin Mahesh, Shipping and Commodities Analyst, Barclays Capital
Michael Lane, Secretary General, CONCAWE
Chris Beddoes, Deputy Secretary General - Energy Policy, Climate Change and Refining, Europia
Eelco Dekker, Chief Marketing Officer, Bio MCN
Robert Turner, Director, PwC
Tim Worledge, Editorial Team Leader, Middle Distillates, EMEA, Platts



Who is already attending?

Afton Chemical
AOT Trading AG
Argus Media
Baker & O'Brien
Barclays Capital
Bank of Tokyo Mitsubishi
BASF
BioMCN
BP
BP Raffinaderij Rotterdam
Byzantine Maritime Corporation
Citi
Citigroup
CLH
Columbian Chemicals Europa
CONCAWE
D/S Norden
DSM Sourcing
E.ON Värmekraft Sverige
E.ON Energy Trading
Essar Oil Limited
European Commission
EUROPIA
Evonik Industries
GDF SUEZ Trading
GEMS2
Glencore
Grace
Grupa LOTOS SA
Gunvor International
H&R Ölwerke Schindler
Haltermann
Infineum
International Energy Agency (IEA)
Japan Petroleum Energy Center
JPMorgan
Klesch Petroleum
Lukoil
Mitsui & Co
MOL Group
Navarik Corp.
Neste Oil
Nynas
Oderbalt OU
Odfjell Terminals Rotterdam B.V.
OMV Refining & Marketing GmbH
OPEC
Opportune
Petrobras
Petrobras Europe Limited
Petroplus Marketing
Platts
Port of Rotterdam
PKN ORLEN
Public Company ORLEN Lietuva
Purvin & Gertz
PwC
Rabobank
Reliance Industries
Repsol
Retitalia SpA
Reuters News
SABIC Petrochemicals
Samir Refinery
Saras
Sasol Oil International Limited
Saudi Aramco Oil Company
Shell
Shell Global Solutions International
SOCAR Trading
Standard & Poor's
Statoil
TNK-BP
TOTAL
TOTAL Bitumen Deutschland
TOTAL Petrochemicals & Refining
Toyota Motor Europe
UK Petroleum Industry Association (UKPIA)
Unipec UK
Vesta Terminals
VTG Deutschland
Wood Mackenzie
Zeeland Refinery



Still need convincing?

"Very informative and lived up to my expectations. Has improved my understanding of the EU refining industry - current & future problems as well as solutions"

Saudi Aramco

"...high quality of speakers. It provides an insightful view of current status of the EU refining sector, and the main challenges which we are currently facing"

Saras

China-Russia JV Tianjin refinery gets right to export oil products

China has granted the future Tianjin refinery, a joint project of Russia's Rosneft and China National Petroleum Corporation (CNPC), the right to export its oil products, Russia's President Vladimir Putin said at a conference Friday.

"Today, at a bilateral meeting the leader of the People's Republic of China, Hu Jintao, has informed us that the Tianjin joint venture will receive the right to buy and sell oil products, export them and supply to the domestic market," Putin said at the Asia-Pacific Economic Cooperation CEO Summit in Russia's Vladivostok.

It is the first time Chinese authorities have granted such a right to a project with foreign capital, Putin said, adding that this is another step in further improving economic relations between China and Russia.

The decision is to support efficiency of the joint project, Rosneft CEO Igor Sechin told reporters on the sidelines of the summit.

Market Data - Natural Gas

Overview

Market Data is the most efficient and reliable way to receive Platts benchmark price assessments. With Market Data, you get access to the latest natural gas price data. This service provides you with our end-of-day assessments, corrections, third-party data, and a rolling 45-day historical database. Complete and custom historical data sets and are also available.

Platts unbiased price reports are produced by the industry's largest editorial team dedicated to natural gas market reporting. Located around the globe, Platts' unrivalled resources ensure comprehensive coverage, the most reliable data on price assessments available.
Features
Market Data is the most efficient and reliable way to receive Platts' industry-standard benchmark assessments in data-point format.
Term and spot price assessments for Europe, Latin America and North America.
Futures and derivatives, long-dated forwards.
ICE, NYMEX, EIA.

With Market Data, you'll get the latest price assessments, allowing you to react to market changes faster than ever. Platts Market Data data can help you to reduce risk when making important trading decisions, valuing positions and analyzing data.
With a click of a mouse, get anytime (24/7/365) access to Platts end-of-day assessments, third-party data, and a rolling 45-day historical database
Select and retrieve the data that's relevant to your business from hundreds of categories of assessments
Choose .txt or .csv files for easy integration into back-office and analytical databases
Who Should Buy
Platts natural gas price data is essential market intelligence for traders, risk managers, analysts and other energy professionals who need unbiased price assessments for short- and long-term action and analysis.
Benefits
Market Data provides the comprehensive price data you need to help reduce risk when making important trading decisions, valuing positions and analyzing data. Platts price assessments and benchmarks are widely used in the energy supply chain. From producer to consumer, Platts helps market participants conduct business with confidence and efficiency.

Coverage Details

Customize your Market Data feed to include the Platts assessments that meet your company's specific needs, including:
Platts daily forward assessments
Non-Platts fundamentals and statistics
Non-Platts natural gas statistics
Platts spot market assessments - daily trade date and flow date prices
Platts spot market monthly assessments

Market Data - Oil

Overview

Platts Market Data is the most efficient and reliable way to receive Platts benchmark price assessments.

With Market Data, you get access to the latest, most accurate oil price data. This service provides you with our end-of-day assessments, corrections, third-party data, and a rolling 45-day historical database. Complete and custom historical data sets and are also available.

Platts unbiased price reports are produced by the industry's largest editorial team dedicated to oil market reporting. Located around the globe, Platts' unrivalled resources ensure comprehensive coverage, the most reliable data and the most accurate prices available.
Features
Market Data is the most efficient and reliable way to receive Platts' industry-standard benchmark assessments in data-point format.
Term and spot price assessments
Futures and derivatives
ICE, NYMEX, DME, API
Bunkers, crudes, products, racks, shipping, spot to rack
Yields and netbacks

Platts benchmark price assessments cover the world's major markets and include:
Crudes
Products
Lubes
Postings
Feedstocks and Blendstocks
Bunkers
Tankers
Netbacks and Yeilds
Propane & LPG
European Petroleum Swaps
North American Petroleum Swaps
Asian Petroleum Swaps

Who Should Buy
Platts oil price data is essential market intelligence for traders, risk managers, analysts and other energy professionals who need unbiased price assessments for short- and long-term action and analysis.
Benefits
Platts Market Data provides the comprehensive price data you need to help reduce risk when making important trading decisions, valuing positions and analyzing data.

Set up automated feeds to ensure your trading analysis and settlements are powered by the industry's most reliable price benchmarks.

Reduce the risk from manual data entry and receive your Platts price data via Market Data. Make your
working day more efficient and help reduce risk when making important trading decisions


Coverage Details

Customize your Platts Market Data feed to include the Platts assessments that meet your company's specific needs, including:

Bunkers - Assessments for all major international ports

Crude Netbacks
Caribbean
Europe ARA
Italy
Singapore
US East Coast
US Gulf Coast
US Mid-Continent
US West Coast

Crude Postings
Canada
Latin America

Crude Yields
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Europe ARA
Italy
Singapore
US East Coast
US Gulf Coast
US Mid-Continent
US West Coast

Crudes
Canadian
Feeders - Weekly Spot Market
International Spot Market
Latin America
Pacific Rim
Russian
United States

Derivatives
Assessments of swaps and spreads

Futures
DME Oman Crude Oil futures/nearbys
ICE Crude Light
ICE Gasoil
ICE WTI Crude Oil
NYMEX Access Crude Light
NYMEX Access Heating Oil
NYMEX Access RBOB and uUnleaded Gasoline
NYMEX Brent Crude Oil
NYMEX Central Appalachian Coal
NYMEX Crude Light
NYMEX Heating Oil
NYMEX Natural Gas
NYMEX Propane
NYMEX RBOB and H81 Unleaded Gasoline

LPG
Key assessments for Natural Gas,Butane,Iso-Butane and Ethane

Nearbys
ICE Crude Light
ICE Gasoil
ICE Middle East Crude Oil
ICE Middle East Sour Crude
ICE Natural Gas
ICE WTI Crude Oil
NYMEX Access Crude Light
NYMEX Access Heating Oil
NYMEX Access RBOB and uUnleaded Gasoline
NYMEX Brent Crude Oil
NYMEX Central Appalachian Coal
NYMEX Crude Light
NYMEX Heating Oil
NYMEX Natural Gas
NYMEX Propane
NYMEX RBOB and Unleaded Gasoline

Oil Product Postings
Caribbean
USAC/USGC Resids

Oil Products
Arab Gulf FOB
Caribbean Cargoes
Chicago Pipeline
Eastern Hemisphere
European Bulk
Feedstocks
Latin America
Lubricants
North Asia
NY Harbor
NY Harbor Fuel Oil
Russian Domestic
Singapore
Singapore Fuel Oil
South China
South China Fuel Oil
US Group 3
US Gulf Coast
US Gulf Coast Fuel Oil
US West Coast
US West Coast Fuel Oil

Posting
Official Selling Prices

Racks
Canadian
US PADD 1 - 5

Refined Products
Asphalt
Jet Fuel

Shipping
Freight Forwards
Liquid Chemical Tanker Rates
Spot tanker rates - clean
Spot tanker rates - dirty

Spot to Rack
PADD 1 - Mid-Atlantic Area
PADD 1 - New England
PADD 1 - New York Area
PADD 1 - South Atlantic
PADD 2 - Lower East Midwest
PADD 2 - Michigan/Illinois Area
PADD 2 - Northwest Midwest
PADD 2 - Southwest Midwest
PADD 2 - Wisconsin/Ohio Area
PADD 3 - Arkansas/Alabama
PADD 3 - US Gulf Coast
PADD 4 - Rockies
PADD 5 - Northern
PADD 5 - Southern
Racks: PADD 1 - Total
Racks: PADD 2 - Total
Racks: PADD 3 - Total
Racks: PADD 4 - Total
Racks: PADD 5 - Total
US Lower 48 (PADDs 1-5)

Third-party price data
EIA/API PADD 1
EIA/API PADD 2
EIA/API PADD 3
EIA/API PADD 4
EIA/API PADD 5
EIA/API US/Reg Totals
Japanese Government LPG/Oil Statistics
Singapore Import, Export, Re-Export

ATLANTIC THERMAL COAL : Atlantic spot prices move up on crude oil rally

Two thermal coal spot trades in both the European-delivered and South African FOB markets went through Thursday morning at slightly firmer levels on higher crude oil prices as coal fundamentals remain subdued, sources said.

In the European-delivered CIF ARA market, a 50,000 mt November DES Amsterdam-Rotterdam generic origin cargo traded through London Commodity Brokers at $93/mt with exchange of futures for physical (EFP)terms attached, 20 cents higher than a similar deal Wednesday and up 75 cents on Platts 90-day CIF ARA price Wednesday.

A 75,000 mt Richards Bay November-loading shipment with EFP was done at $89/mt FOB via the globalCOAL screen, 25 cents lower than the last reported trade Monday but 90 cents higher than Platts' 90-day Richards Bay FOB assessment Wednesday.

Sources said both trades involved two northwest European utilities.

Participants said that there are no new developments in the Atlantic basin, with European buyers comfortably supplied with shipments from most origins overshadowing healthy demand for coal.

A utility source said both Colombian and Russian supplies in the Atlantic are abundant, while US-origin coal "hasn't priced in [to Europe] for months and it still doesn't".

Earlier in the week, a source estimated estimated the cost of replacement of US East Coast material at around $5-$6/mt over current CIF ARA spot prices.

At the same time, the Asia-Pacific basin is still struggling to find significant buying demand from main end users China and India, particularly for standard South African RB1 6,000 kcal/kg NAR material.

Oil ends higher on ECB plan, supply report

Prices lose steam, however, as session progressed

Oil ends higher on ECB plan, supply report
Prices lose steam, however, as session progressed


SAN FRANCISCO (MarketWatch) — Crude-oil futures rose Thursday as traders cheered the European Central Bank’s plan to buy bonds from beleaguered euro-zone countries, and after a report showed a larger-than-expected drop in supplies.

Further support came from positive macroeconomic reports from the U.S. With prices getting closer to $98 a barrel, however, oil faced some headwinds and ended just modestly higher.

Crude futures for October delivery CLV2 -0.28% gained 17 cents, or 0.2%, to $95.53 a barrel on the New York Mercantile Exchange. It had traded as high as $97.71 a barrel earlier.

Despite the slew of positive news, it’s unlikely that oil will return to $100 a barrel in the short term, said Matt Smith, an analyst with Summit Energy in Kentucky. “We are nearing the top of the range, there’s not enough strength on the demand side to push us on to triple digits,” he said.

The Energy Information Administration reported a decline of 7.4 million barrels in crude supplies in the week ended Aug. 31, which closely matched a trade group’s report a day earlier.

Analysts polled by Platts had expected a decline of 5 million barrels.

Oil had traded at $97.36 a barrel moments before the data.

The EIA also reported gasoline stockpiles dropped 2.3 million barrels, and supplies of distillates rose 1 million barrels.

Gasoline for October delivery RBV2 +1.28% added 4 cents, or 1.4%, to settle at $2.99 a gallon.

October heating oil HOV2 -0.16% gained 2 cents, or 0.8%, to end at $3.14 a gallon.

The analysts surveyed by Platts had expected to see gasoline inventories down 3.5 million barrels and distillate supplies down 1.5 million barrels.

The EIA report was a day later than usual due to the Labor Day holiday.

The agency also reported on natural-gas supplies on Thursday, showing an increase of 28 billion cubic feet for the week. Analysts had expected an increase around 36 bcf.

October natural gas NGV12 -2.88% declined 2 cents, or 0.7%, to settle at $2.78 per million British thermal units. Prices had seesawed between gains and losses.

Earlier Thursday, ECB President Mario Draghi detailed the bond-buying plan, to counter what he described as “unfounded fears” about the viability of the euro.

A weaker dollar also offered some support for energy commodities. The ICE dollar index DXY -1.12% , which measures the greenback against a basket of six rival currencies, declined to 81.086 from 81.253 late Wednesday.

Today's oil price

$95.28 per barrel

Daily change of 0.25 ( 0.26% )
Oil Quote Updated Sep-07-12 10:00 AM