Overcoming market turmoil in the European and Mediterranean bunker fuel market

Challenging market conditions continue for the bunker market. Russian’s invasion of Ukraine and subsequent sanctions have impacted global supply chains in energy and beyond. Economic and market volatility are upon us. What does the future hold for the bunker market and what does 2023 and beyond look like?

This year’s challenge for the market is to manage volatility while investing in the shift to low and zero-carbon fuels for the next regulatory milestones. Bunker suppliers must continue to establish footholds in the alternative fuels space and shipping companies must continue to explore options away from conventional bunkers to cut their greenhouse gas emissions. Although the main market to talk about here remains LNG, Methanol is rapidly becoming another stand-out fuel. But these are just near-term solutions, how do longer-term hopes around Ammonia and Hydrogen fare?
At a time when HSFO gains market share and VLSFO prices increase, come together with the world’s leading bunker suppliers, refiners, traders, brokers, and ship owners/operators to explore the outlook for the European bunker market by reviewing bunker fuel supply and demand, pricing trends, shipping markets, the supply chain, alternative fuels and future regulatory milestones.


Key topics covered include:

• Examining current market conditions in Europe against a backdrop of high uncertainly in the bunker market.
• Reviewing bunker market trends and pricing in a 0.50% Sulfur world as new regulations emerge
• Addressing the outlook for the supply chain by reviewing the shipping market and providing the latest developments in European bunker buying and supplying
• Establishing which future fuels have potential in the bunker market specifically LNG and biofuels such as Ammonia and Methanol, hydrogen
• Looking ahead to the next wave of regulatory milestones, possible geopolitical scenarios & considering their impact on the European bunker market



Thursday December 1, 2022
  • 08.00 AM Registration and networking 
  • 09.00 AM Chair's welcoming remarks
    Spencer Welch, Vice President, Oil Markets & Downstream, S&P Global Commodity Insights
Opening keynote
  • 09.10 AM Keynote: Bunker Market in uncertain times
    • Reviewing the critical role of the marine fuels industry within the global economy
    • Views on the impact of recent events on the bunker market
    • HSFO availability (likely challenging on regional ports ) how scrubber fitted vessels ROI slowed and financial challenge for the vessel owners who are switching to VLSFO
    • The state of the market post COVID-19
    Peter Zachariassen, CEO, Bunker One
  • 09.35 AM Interview: Russia/Ukraine Crisis and its impact on the European bunker Fuel Market
    • Looking at the market against the current volatile backdrop of global inflation, Russia/Ukraine crisis and possible impact of sanctions
    • Surveying the recent geopolitical landscape and disruption of 2022
    • Examining bunker margin and impact on the supply chain
    • Growing role of No Objection Certificate (NOCs)
    Neil Lamerton, UK Bunker Market Specialist, Alpha Trading
    Moderated by: Paul Hickin, Associate Editorial Director, European & African Oil News & Analysis, S&P Global Commodity Insights
  • 10.05 AM Panel discussion - Leaders discuss key headlines shaping the bunker market’s agenda
    • Russia/Ukraine impact
    • Outlook for VLSFO and overall demand
    • New fuels for the industry (ammonia, methanol, hydrogen & LNG)
    • Credit challenges
    • Contamination of fuels
    • Preparing for growth in the bunker market at a time of volatility
    Michael Malamen, Global Commercial Manager, Board Member, PMG Holding
    Guido Cardullo, Head of Business Development, Fratelli Cosulich
    Carsten Ladekjaer, CEO, Glander International
    Chris Chatterton, COO, Methanol Institute
    Kenny Maclean, Chief Operating Officer, Peninsula
    Moderated by: Deb Ryan, Head of Low Carbon Commodities, S&P Global Commodity Insights
  • 10.50 AM Networking and refreshment break
  • 11.20 AM Panel discussion: Tackling credit challenges in the bunker market
    • Impact of increasing oil prices and expensive products on creditworthiness of counterparts
    • Greater scrutiny from banks
    • Looking at the evolving payment terms
    • Credit vetting across the bunker industry
    • Alternative credit sources
    Neil Lamerton, UK Bunker Market Specialist, Alpha Trading
    Carsten Ladekjær, CEO, Glander International Bunkering
    Christopher Morgan, Global Head of Credit, Delta Energy
    Anna-Maria Fotinou, Senior Credit Risk Manager, Island Oil (Holdings) Ltd
    Moderated by: Paul Hickin, Associate Editorial Director, European & African Oil News & Analysis, S&P Global Commodity Insights
  • 12:00 PM The Unmasking of IMO 2020 Impacts on Refining
    •  Global Refinery Drivers – Changes, challenges, and opportunities
    • Was IMO 2020 a fiction for the refining industry?
    • Wide diesel-HSFO price spreads - the unmasking of IMO 2020 impacts
    • A hidden 'demand' for middle distillates, and the ‘platinum age’ of refining
    Rasool Barouni, Platts Analytics, Manager Refining Operations and Economics, S&P Global Commodity Insights
  • 12:25 PM Networking Lunch
Emerging bunker Price Trends and Quality : VLSFO , MGO and HSFO
  • 1:25 PM Building a Tech-led Bunkering Company
    • Bunkering pain-points – the view of a modern fleet
    • Identifying problems to solve in the bunker supply chain
    • How to prioritise /deploy resources and capital to solve problems
    • ‘Big Data’ and engineering
    Daniel Rose, CEO, Shipergy Ltd
  • 1.55 PM Assessing bunker price developments for current and future marine fuels
    • Current trends in HSFO, VLSFO and MGO markets
    • What can we expect in bunker markets going forwards?
    •  Hi-5 spread: increase in scrubber uptake and projections ahead of IMO 2030
    • The impact of Russia’s invasion of Ukraine on bunker markets and how they are changing the bunkering space
    • Pricing and methodology for alternative fuels
    Mary Tiernan, Associate Editor, Residual Fuels, S&P Global Commodity Insights
Examining the bunker market in a 0.50% Sulfur world
  • 2.20 PM Regulation outlook for the bunker market
    • Keeping abreast What’s next from the IMO – 2030 and IMO 2050 regulation
    • Looking at possible achievable outcomes and enforcement. How to ensure compliance with these regulations
    • The new carbon intensity indicator (CII) set for January 2023. What is it? What could be the impact? How will it be implemented and how might it tighten as a regulation between January and 2030
    • New regulation on biofuels
    Unni Einemo, Director, The International Bunker Industry Association (IBIA)
  • 2.45 PM North look forward to decarbonization and back to IMO 2020
    Mark Smith, Loss Prevention Executive, North Group
Supply chain outlook in 2022
  • 2:55 PM Fireside chat: Digitalisation of the Bunker Market
    • Are digital service providers to the bunker market and shipping industry changing the market?
    • Improving efficiency and addressing anti-corruption and compliance issues with digitalization
    • Reviewing digital activity within the bunkering space
    Tyler Baron, CEO, Minerva Bunkering
    Mary Tiernan, Associate Editor, Residual Fuels, S&P Global Commodity Insights
  • 3:20 PM Shipping markets review and outlook
    • Reviewing 2022 so far and understanding shipping markets today
    • Understanding tomorrow’s marine fuels trends today
    • The post-IMO2020 world: Zero carbon trade
    • A global crossroads: Shipping across the globe
    Annika Bartels, Head of Research Department, Galbraiths
    Henry Curra, Global Head of Research, Braemar
    Moderated by: Anastasia Zania, Freight Analyst, S&P Global Commodity Insights
  • 3:50 PM End of Day One Closing Remarks
  • 4:00 PM Drinks reception
Friday December 2, 2022
  • 08:30 AM Networking
  • 09:00 AM Chairman’s welcoming remarks and review of day one
    Joel Hanley, Global Director, Crude & Fuel Oil Markets, S&P Global Commodity Insights
  • 09:10 AM Future risk & looking ahead; what is the next crisis for the bunker market?
    • Global uncertainly is greater now than for many years
    • Risks under the radar
    • New pandemics and supply chains
    • Further lock downs in China and impacts
    Rob McLeod, Head of Risk Solutions, Hartree
New Fuels, Carbon Offsetting & Digitalization; Examining their potential in the Bunker Market
  • 9:35 AM Discussion: Latest developments within the European bunker supply and trading space
    • Review the challenges for traders and suppliers in 2022 and what is to come in 2023
    • Building sustainable supply chains. What can suppliers and traders do to support?
    • Addressing challenges surrounding bunker fuel price, quality availability and operations
    • Explore how buying habits in Europe have altered in the last few years
    Sveta Ukkonen, Head of Marine Fuels & Services, Neste
    Cailean Macleod, Maritime Fuels Lead, European Biodiesel Board
  • 9:55 AM Improving fuel efficiency and reducing emissions in bunker fuels by using emulsion
    Dean Mihalic, CEO, Fowe Eco Solutions
  • 10:05 AM Networking and refreshment break - Sponsored by FOWE Eco Solutions
  • 10:35 AM Shipowners Panel – what is the path to net zero carbon in the bunker industry over the next 20 years?
    • Shipowners discuss bunker licensing, Mass Flow Meters and new ECA’s in Europe
    • Challenges of reducing GHG emissions on shipping
    • Drive towards large zero -carbon cargo ships
    • Bridging or Transition Fuels: LNG and Methanol
    • Discussing Ammonia and Hydrogen
    • Digitalization of bunkering – progress and potential
    Mark Smith, Loss Prevention Executive, North Group
    Kenneth Dam, Global Head of Bunkering, TFG Marine
    Michael McNamara, VP, Global Fuel Sourcing, Carnival
    Rustin Edwards, Head of Fuel Oil Procurement, Euronav
    Jan Christensen, Senior Director Global Fuel Purchasing, Hapag-Lloyd
    Moderated by: Andrew Scorer, Freight Analytics Lead, S&P Global Commodity Insights
  • 11:35 AM Uncovering the facts of carbon offsetting in bunker
    • The role of carbon offsetting in tackling decarbonization • bunker firms offering a carbon offset option • Taking advantage of low price for offsets while investing in the shift to low and zero-carbon fuels
    Alex Karalis, Shipping & New Fuels Lead, Pennine Energy Group
    Deb Ryan, Head of Low Carbon Commodities, S&P Global Commodity Insights
    Moderated by: Silvia Favasuli, Editor, Voluntary Carbon Markets, S&P Global Commodity Insights
  • 12.05 PM Closing Remarks from Chair
  • 12.15 PM End of Conference followed by light lunch

Key numbers






Ship Owner/Operator


Technology/Service Provider




SpeakerUnni Einemo,
Director, The International Bunker Industry Association (IBIA)

Unni Einemo joined the IBIA secretariat in April 2016 as IMO Representative and Communications Manager. She was promoted to Director in 2018 to serve as the global head of the Association.

Prior to joining IBIA, she spent two decades as a journalist/analyst in marine fuel and shipping in her capacity as Managing Editor for the highly regarded Bunkerworld and Sustainable Shipping news services at Petromedia, and later Platts, which acquired Petromedia in 2015. She has gained expert knowledge through engaging with industry and taking part in numerous conferences and IMO meetings.

Lloyd’s List named her as one of ‘Ten women influencing shipping in 2019’ and among the “Top 10 in regulation” in 2018 in connection with its annual Top 100 most influential people in shipping series.

Unni is a Masters Graduate from the School of Oriental and African Studies in London, with a major in Contemporary Politics of the Middle East.
SpeakerTyler Baron,
CEO, Minerva Bunkering

Tyler Baron is the Chief Executive Officer of Minerva Bunkering, the leading physical supplier in the marine fuels industry, and a subsidiary of the Mercuria Energy Group. Minerva serves customers in 150 ports worldwide utilizing its extensive portfolio of bunkering dedicated logistics assets across supply vessels and storage terminals.

Prior to joining Minerva, Tyler led the financial and operational restructuring of bunker supplier Aegean Marine Petroleum Network, Inc., later acquired by Mercuria.

Across roles in banking and investment management, Tyler has two decades of experience in equity and debt capital markets within the energy, transportation, and industrial sectors.

SpeakerCarsten Ladekjr,
CEO, Glander International

Carsten Ladekjær is the CEO of Glander International Bunkering Group, one of the world’s leading bunker trading companies located in 9 offices across the world.

A bunker veteran with 20+ years of experience, Carsten has been responsible for steering Glander International Bunkering into new waters and global success. He started his triumphant career as a bunker trader in 1995 after completing military service in the Royal Danish Guards. His tremendous vision and ambition propelled him into high ranking positions such as Managing Director, Senior Vice President and CEO of bunker trading companies before he joined Glander International Group in 2017.

Carsten is a regular speaker at industry-related meetings and events, where he is keen to share his bunker knowledge and insights with audiences around the world.

SpeakerChris Morgan,
Global Head of Credit, Delta Energy

A uniquely-experienced credit and sanctions compliance specialist across the shipping, oil & gas, transport/logistics and aviation sectors, Chris has been credit manager for some of the largest and best-known bunker companies in the world, in the UK, Singapore, Dubai and Rotterdam. He also has almost ten years experience working as a credit analyst in the shipping and bunker sector prior to moving into bunkering proper in 2010. He now heads up the credit and compliance function for Delta Energy in Rotterdam, which is part of the large Delta Corp group in Dubai. Chris can be seen speaking at conferences and contributing articles for the bunker press quite regularly.

SpeakerDaniel Rose,
CEO, Shipergy Ltd

Daniel is a Marine Fuels Executive with over 20 years of experience in commodities and shipping. He is the former CEO of the well known bunker group LQM where he launched ‘LEAF’ - the shipping industry’s first alternative fuels database in 2020. Additionally, Daniel was CCO of OceanConnect Marine and was a Director of Integr8 Fuels under the Navig8 group. Starting his career as a marine credit analyst Daniel has occupied senior roles within both credit and commercial verticals. Most recently, Daniel was employed by the prestigious ‘Signal Group’ to build a new bunkering business that leverages fleet volume and best in class technology. This business was launched under the Shipergy brand in 2020 with Daniel as CEO.

SpeakerJan Christensen,
Senior Director - Fuels, Lubricants & Chemicals, Hapag-Lloyd AG

Jan started his career in bunkering and shipping in 1997 with Maersk in Copenhagen. Before joining Hapag-Lloyd in Hamburg as Senior Director of Global Fuel Purchasing in the summer of 2019, Jan held management positions with Bomin, OW Bunker and Maersk Oil Trading in Denmark and Germany.

Jan has worked in all parts of the bunkering supply chain (sourcing, risk management, sales, purchasing) and has a unique insight on both sides of the negotiation table.

SpeakerCailean Iain Macleod,
Technical and Regulatory Officer, European Biodiesel Board

Cailean joined the European Biodiesel Board as Technical and Regulatory Officer in early 2021, having recently completed a PhD at the University of Glasgow. With a professional grounding in scientific research and political strategy, Cailean has made a career bridging these two realms as he finds satisfaction in promoting robust, science-based public policy. As EBB Maritime Fuel Lead, he is dedicated to finding creative solutions to the problems faced by Europe’s marine industries as they aim to meet the ambitions of the Fit for 55 package.

SpeakerDean Mihalic,
CEO, Fowe Eco Solutions

Dean is CEO of FOWE and Technical Director of Scorpio. He has over 23 years of technical experience working with leading shipping companies in senior management positions. Based in Monaco, Dean has degrees in Mechanical and Marine Engineering from University of Rijeka and he holds a Marine Chief Engineer license.

FOWE uses CavitechTM technology to process crude oil and oil products. This cavitation technology has been proven to minimise sludging and establish stable oil-water emulsions. These outcomes have been achieved without additives. The more complete combustion of oil-water emulsions has been demonstrated to materially improve fuel efficiency and reduce carbon, NOx and particulate matters. These positive environmental benefits have been proven in both onshore and offshore environments, and FOWE will be a key tool for shipping companies to help decarbonise and meet CII targets going forward. https://fowesolutions.net/

SpeakerNeil Lamerton,
UK Bunker Market Specialist, Alpha Trading

Neil Lamerton started his career at sea with P&O Steam Navigation Company as a Deck Cadet and on completion of Second Mates he came ashore buying bunkers for P&O the P&O consortium. Since then he has worked with AJ Speed & Co, Marubeni, Wake Marine/Davies & Newman Wake/KPI Bridge Oil, He then took on the role of Global Head of bunkering with Gulf Petrochem, before setting up his own Company Oceanic Energy. After a year with LQM in London, when the office was closed down he joined Alpha Trading continuing their business in Europe and Africa and helping to expand their position in Asia, the Middle East and South America.

Neil was a founder member of the IBIA and has been a member of the Worship Company of Fuellers and the Energy Institute for most of his career. He has for many years had a major interest in alternative fuels and is helping Alpha Trading expand its inland Biodiesel Department into the Marine Market.

SpeakerSveta Ukkonen,
Head of Marine Fuels & Services, Neste

Sveta Ukkonen, M. Econ., MBA, leads the Marine Fuels and Services business at Neste Corporation. Neste is the world’s leading producer of sustainable aviation fuel, renewable diesel, and renewable feedstock solutions for polymers and chemicals industry. Sveta joined Neste in 2012, and has held several leadership positions in both oil products and renewables businesses. Sveta is driven by the purpose of creating sustainable solutions for future mobility. During her career at Neste, Sveta was driving the launch of several cleaner solutions for road transportation and especially marine.

Before joining Neste, she has worked in M&A and sales positions within pharmaceutical distribution and steel industry.

SpeakerMichael Malamen,
Global Commercial Manager, Board Member, PMG Holding

Michael began his career in investment banking in London, working on major M&A deals in the Oil&Gas and energy sectors (totalling over USD20 billion), including refinery and port sales on behalf of Essar Oil and Essar Energy. Worked in energy teams at Royal Bank of Scotland, Societe Generale and VTB Capital. Subsequently, Michael spent several years in the strategy department at Eurasian Natural Resources Group.

Currently Michael is the Commercial Director and Head of Bunker and Cargo Sales and Trading at PMG Holding. Michael spearheaded the expansion of PMG Holding from a company well known as a physical bunker supplier in the Black Sea, with a 20 year heritage, to a global bunkering house. Today PMG ships to all bunker hubs around the world and has 5 offices worldwide.

Michael holds an Msc in Mathematics, Statistics, Operations Research and Economics from the University of Warwick and an additional Msc from CASS Business School.

SpeakerGuido Cardullo,
Head of Business Development, Fratelli Cosulich Spa

Guido Cardullo is the Head of Business Development of Fratelli Cosulich, a world leading bunker trading company with offices in Hong Kong, Vietnam, Singapore, Dubai, Athens, Genoa, Monaco, Paris and New York.

Before that, he was Managing Director of the Singapore office of Fratelli Cosulich, where they operate as a physical supplier with a fleet of 6 owned bunker barges. Mr Cardullo joined Fratelli Cosulich in 2011.

SpeakerPeter Zachariassen,
CEO, Bunker One

Peter Zachariassen is an experienced CEO with a demonstrated history and international background from the Bunker Industry. Combined with a pragmatic yet strategic mindset, Peter also has deep operational insights from his many years in the industry. Peter is setting the bar high when it comes to development, new ways of working, trends and customer demands. The smooth 2020 transition is one of the recent achievements, where a combined strategic and operational focus showed proper use of that exact experience. Simplicity, digitalization, expansion, low emission fuels, and customer partnerships are the key focus areas on Peters desk and where we will see Bunker One accelerate in the coming years.

SpeakerRasool Barouni,
Platts Analytics, Manager Refining Operations and Economics, S&P Global Commodity Insights


SpeakerKenneth Dam,
Global Head of Bunkering, TFG Marine

Kenneth Dam joined Trafigura’s fuel oil team in 2017 and in May 2019 became Co-Head of its newly formed bunkering team. In 2020, Kenneth was appointed Global Head of Bunkering for TFG Marine, a joint venture created between Trafigura and ship owning companies Frontline and Golden Ocean to supply quality marine fuels to ship owners at global strategic bunkering hubs.

Before joining Trafigura, from 2011 to 2016, Kenneth worked for Monjasa and played a key role in developing its West Africa bunkering operations. Before entering the marine fuel supply and shipping industry, Kenneth was a financial advisor for leading Danish financial services company Nykredit.

SpeakerRustin Edwards,
Head of Fuel Oil Procurement, Euronav

Rustin Edwards has been over 20 years in the Fuel oil and Maritime industry. He has been with Euronav for over 1 year to monitor and manage the fuel oil procurement of their fleet. Prior to this he was leading the IMO 2020 work stream at Macquarie Commodities Trading. Prior to that he was the global head of fuel and feedstocks trading at Cargill, managing the fuel oil exposure for the company. HE was employed by Chevron Products Company for 7 years, 5 years in Houston as part of the Chevron Marine Products group and 2 years in London. Prior to joining Chevron, Rustin worked as a supply coordinator and analyst for Amerada Hess corporation, performing supply logistics for their refinery system and terminal network. HE worked for 2 years in Saint Croix as a port captain, managing the terminal port operations. He has sailed on ocean tankers, from ULCC to coast wise handy tankers, achieving the rank of Master Mariner, Unlimited tonnage.

SpeakerMark Smith,
Loss Prevention Executive, North Group

Mark joined North of England P&I Loss prevention department in September 2013 in the. Mark previously worked as a Fleet Superintendent for Maersk, a Technical Superintendent for Paccship UK Ltd and spent time as an engineer at sea with P&O Nedlloyd. Mark is involved with all aspects of loss prevention including guiding Members, writing publications and hosting webinars with a recent focus on decarbonisation in shipping.

Mark is part of North’s decarbonisation working group and also deals with enquiries on bunker quality and disputes.

SpeakerRob McLeod,
Head of Risk Solutions, Hartree

Rob McLeod leads Hartree’s Global Risk Solutions group, sharing advice and insight to customers across all industry sectors on energy price risk – from bunker fuel and diesel to natural gas, emissions and beyond – and providing hedging tools to help manage that risk. Over the past 14 years, Rob has built a leading franchise in risk management across the energy sphere – structuring solutions to exactly fit clients’ needs, whether as standalone derivatives or embedded into physical supply. Prior to joining Hartree, Rob worked in energy at UBS. He holds a BSC in Economics from the University of Bristol.

SpeakerAlex Karalis,
Shipping & New Fuels Lead, Pennine Energy Group

Alex Karalis leads the shipping & new fuels desk at Pennine Energy where he is responsible for implementing targeted strategies along the low & zero carbon fuels and carbon savings certificates value chain. He also co-leads the sustainability focus group for the Marine Fuels Alliance; a non-for-profit organisation which sets out to address the complex challenges that physical bunker suppliers face.

Prior to joining Pennine Energy, Alex held various roles with Trafigura and ArrowResources AG. He holds a BSc in Maritime Business and Maritime Law from the University of Plymouth and an MSc in Shipping, Trade, and Finance from Cass Business School.

SpeakerChris Chatterton,
COO, Methanol Institute

Mr. Chatterton joined the Methanol Institute in February 2015, managing MI’s CIS, Asia Pacific and Middle East operations. Over the past 20 years, Mr. Chatterton has worked at the executive level across the energy, shipping, automobile, renewables and chemical sectors, where he has been responsible for creating strategy, fundraising, restructuring, crisis management and operations for both start-ups and multinationals.

After launching a successful business incubator in Kazakhstan, circa 1994, Chris discovered a passion for educating, connecting and guiding like-minded entrepreneurs. Since then, he has led several energy and agricultural organizations to successful IPOs in addition to numerous cross-border private placements in the EU, Asia, Middle East and CIS and is active in the start-up space as a founder, thought leader and investor. Mr. Chatterton is fluent in Russian and holds an EMBA from HEC Paris.

SpeakerSilvia Favasuli,
Team Leader, Voluntary Carbon Markets, S&P Global Commodity Insights

Silvia Favasuli is Team Leader, Voluntary Carbon Markets at S&P Global Commodities Insights. Prior to this, Silvia covered the European gas markets at S&P Global and reported about gas infrastructure projects for the Interfax News Agency. Silvia holds a Master in Journalism from the University of Milan. She is a student of Economics at Birkbeck University in London.

SpeakerAnna-Maria Fotinou,
Senior Credit Risk Manager, Island Oil (Holdings) Limited

Anna-Maria Fotinou has been with Island Oil group since 2014 starting with the position of Business Development & Credit and the last two years as Senior Credit Risk Manager. The Island Oil group, being already 30 years in the bunker industry provides both international trading services and physical supply in the East Med and the Black Sea via a fleet of ten bunker barges. Anna-Maria is responsible for handling the group’s client portfolio, developing relations with suppliers as well as tackling compliance issues arising from those trades. Previous experience included bunker credit agency, international transport & logistics and the banking sectors, and studies in the International Shipping and Finance fields.

SpeakerJoel Hanley,
Global Director, Crude & Fuel Oil Markets, S&P Global Commodity Insights

Joel Hanley is Global Director, Crude & Fuel Oil Markets at S&P Global Commodity Insights. In this role, Joel is responsible for price assessments and market coverage for crude oil and fuel oil around the world. This coverage includes major pricing benchmarks such as Dated Brent, Platts Dubai, and 0.5% sulfur marine fuel. Joel joined Platts in 2002, reporting on the crude oil markets of the North Sea, West Africa, Russia and the Middle East, becoming managing editor of the desk in 2006. He also served as Global Oil Training Manager and, until 2020, Head of EMEA Oil Markets. Joel hosts the weekly Platts Oil Market Podcast and is a regular interviewee on global news channels. Joel holds an honours degree in Russian and Information Technology from The University of Exeter.

SpeakerAnastasia Zania,
Freight Analyst, S&P Global Commodity Insights

Anastasia joined S&P Global Commodity Insights in 2021 as a Freight Analyst. Prior to joining S&P Global Anastasia spent six years analysing the crude and products tanker markets as a Tanker Analyst at Howe Robinson Partners and Galbraiths. She has also completed a number of shipping related internships ranging from chartering and operations to shipping equity analysis at Halkidon Shipping Corporation, Navios Shipmanagement and Axia Ventures Group. Anastasia holds an MSc in International Shipping and Finance from ICMA Centre, University of Reading and a BSc in Economics from the University of Sussex.

SpeakerAndrew Scorer,
Freight Analytics Lead, S&P Global Commodity Insights

Andrew is passionate about the maritime industry and focused on the development of freight rate forecasts and capturing volatile patterns and trends of freight rates, trade flows and market dynamics. With a solid background in shipping, Andrew has worked in yacht, Royal Navy and shipbroking. Andrew has a wife and two daughters and loves to escape into nature on his mountain bike or trail shoes. He is a Liveryman of the Worshipful Company of Shipwrights.

SpeakerSpencer Welch,
Vice President, Oil Markets & Downstream, S&P Global Commodity Insights

His current regional leadership role includes advising clients across a wide range of oil markets and downstream issues; offering techno-economic and strategic business advice on responding to structural changes in the industry; building new investment cases or assisting in the valuation of potential acquisition targets. He previously led global short-term oil market analysis. He has managed a number of large consulting project, include national strategy projects. He brings more than 25 years of downstream technical, operational and economic experience to his role at S&P Global Commodity Insights. Mr. Welch held posts with independent oil refiner, Petroplus at Coryton Refinery, UK, prior to joining S&P Global Commodity Insights in 2011. During 13 years with BP at a variety of locations, he held downstream roles, including refinery process engineering, production planning and operations management. During that time, he developed specialist knowledge in reforming, isomerization and hydro-processing, and he gained a broad knowledge of most other refinery processes and linear programming, he also has fuel storage project management experience. Mr. Welch holds a Bachelor of Engineering (B.Eng.) from Loughborough University, UK, and the Master of Science (M.Sc.) Engineering Management degree from Bristol University, UK.

SpeakerPaul Hickin,
Associate Editorial Director, European & African Oil News & Analysis, S&P Global Commodity Insights

Paul Hickin is Director, EMEA Oil, at S&P Global Commodity Insights.

Paul joined what was then Platts in 2015 and heads up EMEA oil and shipping content. He also runs what was formerly Bunkerworld globally. He has worked at Fitch Ratings, the Wall Street Journal and Dow Jones Newswires. He has also worked as an economist. Paul holds a Masters degree in Social and Political Philosophy from The University of Sussex and a Bachelors degree in Business Studies from City University.

SpeakerHenry Curra,
Global Head of Research, Braemar

Henry Curra is global head of research for Braemar, a leading international shipbroker and provider of expert advice on shipping investment, chartering and shipping risk management. Henry has over 30 years’ experience in chartering and investment markets. From 2004 he ran the research activities of ACM Shipping prior to its merger with Braemar in 2014. Before ACM he spent 4 years as a tanker market analyst with Poten & Partners in New York. Previously he worked as a commodity analyst and journalist with Fairplay (now IHS Markit) in London and Maritime Direct in New York, and for the tanker chartering arm of a Greek shipowner. Henry is a regular presenter on commercial shipping markets at industry conferences / forums. He has a degree in International Studies and French from the University of Birmingham, UK.

SpeakerAnnika Bartels,
Head of Research Department, Galbraiths

Born and raised in Germany, Annika started her career in shipping in 1998 with a containership owner in Hamburg. She moved to London in 2001 where she joined the dry cargo department at Galbraiths as a dry cargo broker.

Annika left Galbraiths after working there for several years to study for a degree (BA Chinese, MA Chinese Studies at SOAS, London) before returning to shipping in 2009.

After having worked as a dry cargo broker, again at a London broking house, Annika re-joined Galbraith’s in 2012, to work in the research department. She has been Head of Research since 2014 and graduated with an MBA in Shipping & Logistics at the Copenhagen Business School in 2021.

SpeakerDeb Ryan,
Head of Low Carbon Commodities, S&P Global Commodity Insights

Deb Ryan is the Head of Low Carbon Commodities for S&P Global Commodity Insights, a division of S&P Global and the leading provider of information and benchmarks for the energy and commodities markets.

Based in Denver, Deb leads the Low Carbon Commodities team, which focuses on analytics that underpin carbon and methane emissions, as well as the market mechanisms for carbon and low carbon commodities.

Deb brings almost 20 years of upstream oil industry experience, having worked for as a Petroleum Engineer for both oil and gas operators, and in consulting.

Deb is a Professional Engineer in Colorado and Texas with a Bachelor degree in Chemical Engineering and Masters degree in Petroleum Engineering, both from Curtin University in Australia, and an MBA from Penn State, US. Deb serves on the International Board of the Society of Petroleum Engineers (SPE) and previously served as the Treasurer for the Women’s Energy Network Foundation.

SpeakerKenny Maclean,
Chief Operating Officer, Peninsula

Joined Peninsula in 2010. Came to Peninsula as an experienced corporate banker and helped establish core finance and insurance relationships in his early years with Peninsula. Responsible for management of Peninsula's Credit & Analysis and Marketing & Communication functions. Member of the board driving the strategic direction of Peninsula.

SpeakerMary Tiernan,
Associate Editor, Residual Fuels, S&P Global Commodity Insights

Mary Tiernan has been an associate editor in the fuel oil team at S&P Global Platts since June 2021. With a background in politics, economics and sociology, Mary has also brought her experience in legal journalism and communication to the role. Mary has been covering bunker, fuel oil and feedstock markets since joining S&P Global.


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Position your business in expert company, distinct from your competitors. At the S&P Global Commodity Insights Barcelona Bunker Fuel 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: Jon Fleming on +44 7815 019864 or [email protected].


Standard Rate
Register by December 01, 2022
Groups *
Register 4 delegates, get one free    

Rates are in USD and are not inclusive of local taxes or VAT. EMEA Region event terms and conditions apply.

* See FAQs for details on registering at this special rate.

View full event terms and conditions

Click here to view the full event terms and conditions, then use the drop-down menu to select the applicable event category.


The Barcelona Bunker Fuel Conference will be held on December 1-2, 2022 at the Novotel Barcelona City in Spain.

Your conference registration does not include accommodation.

Hotel Details:
Novotel Barcelona City
Avinguda Diagonal, 201
08018 Barcelona
Tel: +34 933 26 24 99

** Please note: S&P Global Commodity Insights is not associated with any third-party reservation agents. Making any reservations through a third party may put your credit at risk of a compromise. To make your reservation, please contact the hotel directly.

News & Insights

Get the latest event updates and news from S&P Global Commodity Insights.


How do I register?

We offer easy ways to register: online, by phone, and by email.

Email: [email protected]
Phone: +44 (0)20 7176 6111

I am no longer able attend. May I send someone else in my place?

If you’re not able to attend, we’re happy to transfer your registration to a member of your organization at no cost, up to 2 business days in advance of the event. Requests must be received in writing via email to [email protected] on or before Tuesday, November 29, 2022, and are subject to approval.

What if I need to cancel my registration?

If you're not able to attend or send a colleague in your place, we accept cancellations and provide refunds if received in writing to [email protected] at least 30 days before the event. In the event of non-attendance, the full invoice fee will be payable.

Are there sponsorship opportunities?

Yes, we offer a variety of standard and tailor-made sponsorship opportunities to fit your marketing and business-to-business needs—and your budget. Please reach out directly to the Business Development Manager for this event:

Jon Fleming
Email: [email protected]

Are press passes available?

Yes, we allow accredited media writing on behalf of major industry publications to cover the event at no charge. Please reach out to the contact below for press pass approval.

Alex Baird
Email: [email protected]

What are the event registration and attendance terms and conditions?