Navigating uncertainty for energy storage markets

2020 was a roller coaster year for the storage industry. It began with overcapacity, which then spiraled unexpectedly into the biggest oil shock in history due to the pandemic and collapsed OPEC discussions, with many traders opting for floating storage. One year into the pandemic, are there signs of recovery, and what is the future outlook for oil storage?

S&P Global Platts 14th annual Oil Storage conference will be taking place virtually this year, providing an unrivalled opportunity hear from the worlds’ leading storage owners & operators, oil majors, financiers, solution providers and industry & regulatory experts. Attend and enhance your knowledge on how the energy storage industry is adapting in this time of great uncertainty.


Keynote speakers:



Mark Quartermain
Vice President Crude
Trading & Supply
Ellen Ruhotas
Managing Director
Zenith Terminals


    On-demand ticket price: $99

    Duration: 7 hours

    Our partners:


    Who attends?

    • Tank terminals / storage providers
    • International oil companies and refiners
    • Financial services
    • Traders
    • Fuel buyers (ship owners, airlines, governments)

    Key areas of focus:

    • Explore the state of play for storage markets, where we will be bringing you key industry players to discuss current market dynamics for energy storage

    • Gain insights into the appetite for investment in the energy storage industry, with a discussion on recent M&A activity, and the impact ESG has had on financing the markets

    • Understand how the industry is looking at the energy transition, including how the markets are preparing for the energy transition, and looking to diversify their portfolios.


Session 1: Setting the scene for the European storage markets
  • 09:30 amChair’s opening remarksPaul Hickin, Director, S&P Global Platts
  • 09:35 amKEYNOTEMark Quartermain, Vice President Crude Trading & Supply, Shell
  • 09:55 amGlobal crude oil market fundamentals• 2020 in review: untangling the elements of oil demand over the course of the year
    • Recent OPEC discussions and geopolitics
    • US Shale into 2021
    • Demand projections for the year
    Nicole Leonard, Head of EMEA Custom Solutions and Cross-Commodity Analytics, S&P Global Platts
  • 10:25 amPANEL: Exploring the current state of play for oil storage• The anticipated global economic slowdown and impact on the storage industry infrastructure and investment
    • How is the European storage industry looking at the development of developing trade flows for products such as biofuels, hydrogen and petrochemicals?
    • Forward looking: given that there was significant storage overcapacity at the beginning of 2020, what can we expect in 2021?
    Jared Pearl, Chief Commercial Officer, VTTI
    Malek Azizeh, Oil Market Director, Fujairah Oil Terminal
    Kathryn Clay, President, ILTA
    Peter van Wessel, VP Global Commercial Development, Oiltanking

    Moderated by:
    Patrick Kulsen, Managing Director, Insights Global
  • 11:15 amFuture growth in Petrochemicals • Market Insight: making sense of a volatile landscape – chemicals, coronavirus and oversupply
    • The circular economy and petrochemical growth
    • How is Europe going to meet its 2025 commitments?
    Michael McCafferty, Managing Analyst, Petrochemicals, S&P Global Platts
  • 11:50 amCommoditization of legacy storage assets• Have structural changes in the market changed how storage should be transacted?
         ◦ Radical price movement this year but, ended up in the same spot.
    • Has the acceleration of information has increased the option value of time?
    • Applying Game theory to storage assets
    • How differing auction methodologies can allow for greater efficiency
    Richard Redoglia, Chief Executive Officer, Matrix Global Holdings
  • 12:15 pmPANEL: Changing dynamics outside of the storage markets• How are global trade flows evolving?
    • Expectations for market recovery, post pandemic
    • US elections and market dynamics: can we expect any changes?
    • IMO 2020 one year on: impact, challenges and predictions for the future
    Tim Smith, Director, Oil and Tanker Markets, Maritime Strategies International Ltd.
    James Foster, Trading Manager, bp
    Fahad Alturki, Vice President of Research, KAPSARC
    James Preciado, Director, Integrated & International Energy Analysis, EIA
  • 12:55 pmLive Q&A with our speakers
  • 1:15 pmBreak - with optional workshop:
       Concept of Optionality of Storage
       • Join Richard Redoglia via Zoom and continue the discussion from our commoditization of storage session.
       • Richard will also be joined by James T. Colburn, Co-Founder, Commodity Research Group

Session 2: The future of energy storage
  • 1:45 pmKEYNOTE: The storage industry and the energy transitionHow will the transition impact independent bulk liquid storage in each of the key regions – Europe, Middle East and Asia/Pacific?
    Ellen Ruhotas, Managing Director, Zenith Terminals
  • 2:10 pmUpdate from the Port of Amsterdam on the Energy Transition and impact of COVID-19Job van der Kroft, Commercial Manager Energy, Port of Amsterdam
  • 2:35 pmPANEL: Investment in the European energy storage industry• What new transactions have taken place?
    • Where do we see expansion globally?
    • With many oil storage assets being acquired by infrastructure funds, how are these independently managed storage companies going to behave?
    • Will the big ESG push amongst investors have an impact on financing the industry?
    • What will the appetite be for investment in oil storage in 10 years’ time?
    Bert Van der Toorn, Managing Director, Mid/Downstream Oil, Gas and Petrochemicals, ING
    Eduard Ruijs, Managing Director, Global Energy & Power Infrastructure Funds, Blackrock
    Nicolas Firzli, Director-General, World Pensions Council
    Willem Jansonius, Partner, Core Infrastructure, DIF Capital Partners
  • 3:20 pmQ&A with our speakers
  • 3:40 pmNetworking time & close of conference

Key numbers






and finance


Oil production
and exploration




Mark Mark Quartermain
Vice President Crude Trading & Supply, Shell


Ellen Ellen Ruhotas
Managing Director, Zenith Terminals


Bert_Van_Der_Toorn Bert Van der Toorn
Managing Director, Mid/Downstream Oil, Gas and Petrochemicals, ING

Bert has always been involved in advising and arranging multiple financings for large projects and corporates in the Energy sector. In the Storage space his team has financed various transactions with Vopak, Oiltanking, Varo, Puma, Gunvor, Vesta and many financial infrastructure players and local storage companies.

Prior to starting at ING in 2005, Bert has had similar responsibilities at Shell, EBRD and ABNAMRO -including policy and strategy discussions.
Currently Bert is member of the ING Energy Sector Management Team. Bert holds an MBA from INSEAD and a MSc in Mechanical Engineering from the University of Twente.

Rujis Eduard Ruijs
Managing Director, Global Energy & Power Infrastructure Funds, Blackrock

Eduard Ruijs is a Managing Director in the Global Energy & Power Infrastructure funds, which currently manage $8 billion for investment in the power, midstream, utility and other areas in the energy sector across two 15-year funds. BlackRock acquired the Funds in 2017, which were created and built at First Reserve, a private equity firm that has been investing in exclusively in the energy sector since 1983. Mr. Eduard Ruijs is leading the London team responsible for investment origination, execution and exit strategy, focusing on the energy infrastructure sector in EMEA and Asia-Pacific.

In February 2019 the London team entered into a landmark infrastructure partnership with KKR and the Abu Dhabi National Oil Company (ADNOC) to form a new entity – ADNOC Oil Pipelines, in which BlackRock and KKR will collectively hold a 40% interest. It will lease ADNOC’s ownership interest in 18 pipelines transporting stabilized crude oil and spread across ADNOC’s offshore and onshore upstream concessions for a 23-year period.

At First Reserve, Eduard Ruijs was a Managing Director of the European Energy Infrastructure team and led its investments in the First Reserve energy infrastructure funds. Prior to joining First Reserve in 2011, Eduard was an Investment Director & Partner with NIBC Infrastructure Partners, a Europe focused infrastructure fund manager, where he executed several investments in the renewable energy and midstream sectors, and served on the Boards of those companies. Prior to NIBC, he was a senior Principal with Boston Consulting Group's Energy Practice in London, and a Manager with A.T. Kearney Ltd, where he also advised mostly energy clients. Eduard Ruijs earned a M. Juris in Law and Economics of Oxford University where he was a Chevening Scholar, an MSc (Drs) in Economics and MA (Mr.) in Law from the Vrije Universiteit in Amsterdam, a Bachelor in Business Administration of Nijenrode University in the Netherlands, and obtained an Executive MBA from Michigan Business School as well as graduated from the government sponsored Japan Prizewinners Programme at Leiden University.

Nicolas Nicolas Firzli
Director-General, World Pensions Council

M. Nicolas J. Firzli is director-general of the World Pensions Council (WPC), the global think-tank & asset owners association. He is a graduate of Canada’s McGill University (Statistics & Financial Economics), an alumnus of the HEC School of Management (MBA Corporate Strategy & Marketing) and the University of Paris Law School (LL.M. Corporate Law, summa cum laude) and has conducted research at the University of Louvain (UCL) Doctoral School of Economics and Management in Waals Brabant.
Mr. Firzli is co-chair of the World Pensions Forum (WPF) held annually in a G12/EU capital, coordinator of the G7 Pensions Roundtable held on the sidelines of the G7 Summit, co-chair of the Singapore Economic Forum (SEF APAC+ Summit) and cofounding-member & advisory councillor of the World Bank Group Global Infrastructure Facility (GIF).
He has chaired the main Asset Owners Roundtable of the 2015 Climate Change Conference (Paris COP 21 Summit) and (co)authored and helped develop key notions such as “Modern Trusteeship and Fiduciary Capitalism”, “The SDG–Driven World Economy”, “The Pension Wealth of Nations”, “Sustainable Finance Shifting the Trillions”, “The Geoeconomic Century” and “Infrastructure as an Asset Class”

Find out more:

James James Preciado
Director of Integrated and International Analysis, Energy Information Administration (EIA)

James Preciado is the Director of Integrated and International Analysis at the Energy Information Administration (EIA). He oversees production of the Short-Term Energy Outlook, Annual Energy Outlook, and the International Energy Outlook. James has been with EIA for 11 years and has a background in petroleum market modeling and financial market analysis. He holds a Master’s of Science in Financial Engineering from Claremont Graduate University.

Fujairah Malek Azizeh
Oil Market Director, Fujairah Oil Terminal

James Foster James Foster
Trading Manager, bp


Jared Pearl Jared Pearl
Chief Commercial Officer, VTTI

Kathryn Clay Kathryn Clay
President, ILTA


Patrick Kulsen Patrick Kulsen
Managing Director, Insights Global


Fahad Dr. Fahad M. Alturki
Vice President of Research, King Abdullah Petroleum Studies and Research Center (KAPSARC)

Dr. Fahad M. Alturki is Vice President of Research at the King Abdullah Petroleum Studies and Research Center (KAPSARC). He was also the Chair of T20 Saudi Arabia 2020, a G20 engagement group.

Fahad is a board member of the Islamic Corporation for the Development of the Private Sector (ICD) and an independent member of the Board of Directors of the Saudi Energy Efficiency Center and the General Authority of Statistics. He is also a founding board member of the Saudi Financial Association. He was the chief economist and head of research at the Jadwa Investment Company.

Fahad has over 20 years’ experience in economics, including as the chief economist at Barclays Saudi Arabia, an economic specialist at the Saudi Arabian Monetary Authority, and an economist at the Middle East and Central Asia Department of the International Monetary Fund (IMF).

He holds a B.A. in Business Administration from King Saud University and master’s and Ph.D. degrees in economics from the University of Oregon.

Tim Smith Tim Smith
Director, Oil and Tanker Markets, Maritime Strategies International Ltd


Peter van Wessel Peter van Wessel
VP Global, Commercial Development, Oiltanking


Willem Jansonius Willem Jansonius
Partner, Core Infrastructure, DIF Capital Partners


Michael McCafferty Michael McCafferty
Managing Analyst, Petrochemicals, S&P Global Platts


Paul Hickin Paul Hickin
Director, S&P Global Platts


Richard Redoglia Richard Redoglia
Chief Executive Officer, Matrix Global

As CEO of Matrix Global helped develop the energy market’s first derivative on oil storage capacity. Over the past five- and half-years Matrix’s auction programs have sold over 500 billion barrels of storage capacity. The majority has been at the LOOP facility in the U.S. Gulf Coast, but a significant volume has also been auctioned in Cushing Oklahoma, the delivery point for WTI the most liquid physical commodity in the world. Just recently, Matrix ran the first of its kind auction for refined product term storage, at the Oiltanking Copenhagen facility.
An expert in understanding the relationship between derivative risk products and their application to the physical market, Mr. Redoglia brings more than 35 years of financial product and new technologies development to Matrix Global.
Beginning his energy career in 1980 as an analyst in the Refining and Marketing Group at Tosco Corporation, Mr. Redoglia progressed to an energy specialist with the London-based broker-dealer Agra, Gill & Duffus. In 1985, he started his 17-year tenure as a senior vice president with Merrill Lynch, the industry leader as measured by cleared contracts on NYMEX futures and options. Merrill Lynch operations sold to ABN AMRO in July 2000, and Mr. Redoglia worked as co-managing director in charge of reorganizing London operations. This career track placed him at the inception of every major energy contract developed, going back to NYMEX WTI, IPE Brent and the abandoned LLS CBOT contract. This experience enabled him to participate in how the industry dealt with these new risk products and discuss their utilization as a means to manage risk.
For the past 12 years, Mr. Redoglia has served as a director with Global Energy Horizons to assist energy and natural resource companies with commercializing new technologies.
He holds a B.A. in business economics from the University of California, Santa Barbara. Series 3 and 65 qualified by the NFA.

Job Job van der Kroft
Commercial Manager Energy, Port of Amsterdam


Sponsored by

Port of Amsterdam


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Position your business in expert company, distinct from your competitors. At S&P Global Platts Oil Storage Virtual Conference each sponsor has the opportunity to showcase their product or service to industry-wide professionals. We provide an environment that encourages an honest and open dialogue among attendees. If you would like to lead the conversation as an event sponsor, contact us for more details on available packages: Irina Bondareva on +44 (0) 7976 684 617 or [email protected].

Download the brochureDemonstrate your strengths, raise your company profile, and maximize your ROI as we bring key industry players and decision-makers to you. At the S&P Global Platts Oil Storage Virtual Conference, each sponsor has the opportunity to showcase their products and services, and distinguish themselves from the competition. We offer a full range of opportunities and packages, and can even tailor solutions to suit your needs.

Take a look at our sponsorship brochure to view our range of partnership opportunities.

Contact us to start a conversation about your goals and how you can lead the pack as an event sponsor: Irina Bondareva, Commercial Partnerships Manager, at +44 (0) 7976 684 617 or [email protected].

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