The world's only Middle Distillates conference

 
 
All eyes are on Jet Fuel as the market considers whether demand will ever recover to pre-pandemic levels in Europe. A lot rests on the fate of Jet Fuel as refineries continues to blend it back into the Middle Distillates pool effecting the demand of Diesel. However, the oversupply of Diesel is not the only consequence as doing this also changes the Crude slate. With this in mind, how is the forward crack spread expected to develop in 2022?

Momentum for Gasoline may be picking up as the demand for road travel increases at the expense of air travel. A key consideration for this pick up is the arbitrage opportunities for Gasoline exports out of Europe in particular to the US. As refineries look to optimise the current crack spread, will they turn to light Distillate products as such helping to meet the demand for Gasoline?

At a time when, the Mediterranean needs to get their hand on more Gasoline and Diesel, Asia has too much and Russia considers banning Gasoline exports, we assemble the world’s leading traders, wholesalers, refiners, financial players, and end users. Join us as we address key questions surrounding the recovery of Jet Fuel demand and the impact this has on Diesel supply; uncover trends surrounding driving and sustainability and its effect on transport fuels; place a spotlight on European Middle Distillates cracks in light of Crude Oil prices and ask what this means for refinery production and, take a look at the outlook for supply and demand in North-West Europe and the Mediterranean considering Asia and US Golf Coast Arbitrage routes.
 

Why attend?

• Addressing key questions surrounding the recovery of Jet Fuel demand and the impact this has on the supply of Diesel

• Hear the latest trends and developments surrounding Middle Distillate pricing, trading, and risk

• Exploring refinery production, inventory and downtime strategy with consideration to COVID-19 demand, distillate cracks and margin

• Examining trends linked to decarbonization and COVID-19 in transport and its impact on transport fuels

• View the outlook for Middle Distillate supply and demand in Russia, Middle-East and Asia
 

Can't travel to the conference?

As well as offering you the opportunity to meet with delegates face-to-face, we will also host the event online. This means that regardless of your travel circumstances you will be able to stream all the sessions online, chat with other delegates and ask your questions to the speakers via our virtual platform. Even if travel restrictions prohibit you from attending, you can still enjoy the great insights on show.
 
Your virtual pass will include:
• Access to the virtual platform and all live and on-demand session broadcasts on 27-28 January
• Convenient access and view the event from anywhere through your mobile, tablet and computer
• 1 months post event on-demand access to the virtual platform
• Easy to use networking tools to connect with the audience through the virtual environment
 
 

    Early Bird Rate (ends December 10):
    $1,399 in-person / $599 online

    Full Rate:
    $1,799 in-person / $749 online


    3 for 2 offer available (in-person delegates only)

    Duration: two days



    Who attends?

    • Middle Distillates traders
     Terminal, ports and Logistics companies
     European refiners
     International oil majors
     Large scale fuel buyers
     Ship operators
     Regulators and governments
     International finance
     
     
    Collocated with:

    European Oil & Energy Storage Conference

    S&P Global Platts European Oil & Energy Storage Conference brings together the region’s leading storage providers and terminal operators, international oil companies, analysts, banks and regulators to explore the challenges, opportunities, and future outlook for the oil storage industry.
     

Agenda

Thursday, January 27, 2022
  • 08.30 AM Continental breakfast 
  • 09.00 AM Chair's welcoming remarksFrancesco Di Salvo, Associate Editorial Director, S&P Global Platts
     
Opening address: Top headlines in Middle Distillates for refiners and traders in 2022
  • 09.10 AM Explore the state of play for Middle Distillates
    • Key uncertainty factors for Middle Distillate demand and implications for European refining
    • Is COVID-19 still a key influencer of Middle Distillate demand?
    • Availability of high sulphur products in the transport industry
    • Renewable fuels in transport under the fit for 55 package
    Marco Schiavetti, Chief Commercial Officer, SARAS
     
  • 09.30 AM Examine the refining outlook: The potential for growth and the challenging road ahead
    • The current refining landscape and expectations for 2022: Downtimes, maintenance and shutdowns
    • The current state: How domestic refinery runs have been low but gradually increasing
    • How refineries are overcoming the challenge of low margins
Interplay between the demand of Jet Fuel, Diesel and Gasoline in light of COVID-19
  • 09.50 AM Two fold blow: Will Jet Fuel demand ever recover to pre-pandemic levels in Europe?
    • Predicting Jet Fuel recovery in the context of COVID-19 restrictions and the push to renewable aviation
    • Reflect on Jet Fuel demand as restrictions relax
    • Examining European air traffic to get a picture on the growth of aviation in Europe
    • How the price of Jet Fuel has lowered as weaker Crude Oil prices have filtered through the kerosene market
    Nicole Leonard, Head of EMEA Custom Solutions, Custom Analytics and Consulting Services, S&P Global Platts
  • 10.20 AM Networking
  • 10.50 AM Panel discussion: The weakest link in the Diesel market: A look at challenges on the supply side
    • Addressing how jet is the critical factor keeping Diesel long and the pressure Jet Fuel is placing on Diesel
    • Why refiners are keeping a higher yield of Diesel compared to Jet Fuel by blending it in the Diesel pool
    • Analyzing stocks and reflect on whether we are still working through stock accrues during the pandemic
    • How the Crude slate changes when jet goes back into Diesel
    Martijn Rats, Managing Director, Equity Research, Morgan Stanley
  • 11:35 AM Addressing the driving versus flying trend in the era of COVID and what this means for Gasoline
    • Examine the upward trajectory of Gasoline levels as COVID linked restrictions are eased
    • Assessing the demand for road travel at the expense of air travel
    • Price trajectory of Gasoline throughout the pandemic and how outright prices reflect the Crude Oil complex
    • Impact of Gasoline demand across the globe on Europe
    • Consider arbitrage opportunities for Gasoline exports out of Europe specifically to US from Europe
    Neil Watt, Head of Analytics, BB Energy
Distillate pricing, trading, and risk
  • 12:05 PM Gasoil: a versatile benchmark
  • 12:35 PM Lunch
  • 13:35 PM Panel discussion: Latest trends and developments within middle distillates trading
    • Review the challenges for the middle distillates community in 2022
    • How have traditional trade flows been disrupted for distillate products over the past year?
    • Trade flows, political landscape and disruption
    Vladimir Langhamer, Managing Director, OMV Supply & Trading
    Pedro Nobre, Head of Products Trading, GALP
    Vasiliy Volkov, Global Head of Middle Distillates Trading, Litasco
    Mateusz Kajdzik, Middle Distillates Trader, PKN Orlen
Refining in an changing climate: Distillate cracks, Crude prices and refinery inventory
  • 14:20 PM Look in the rearview mirror at Crude Oil prices
    • Addressing the value of Crude Oil given its relationship with Middle Distillates
    • Why Gasoline flat prices are closely tracking the value in Crude Oil
    • Impact of the delta variant on Crude Oil prices and expectation surrounding future refined demand
    • Examining Crude swings
  • 14:50 PM Predicting the forward curve for refinery margin
    • Low refinery margin due to Middle Distillate supply and demand
    • Depression surrounding Middle Distillates, and what this means for refinery margin
    • Developments surrounding COVID-19 and the pressure on blending margins
    • Evaluate competition coming in from the Middle East
    • How hedging of airline and transport would push the cracks spread and improve refinery margins
  • 15:20 PM Networking
  • 15:50 PM Panel discussion: Understanding the challenges ahead for refineries: Refinery production and inventory
    • Comparing the different products and inventories and how refineries are optimizing production
    • How refineries are adjusting to the usage of Jet Fuel: How is this expected to change with time?
    • Are refineries running at capacity and turning to light Distillate products?
    • Would refineries be optimizing Gasoline to offset Crude backwardation?
    • Nigerian Crude versus Angolan Crude considering one gives more Gasoline Crude
    Michal Paszkowski, Upstream Research Expert, Grupa LOTOS S.A.
    Gergely Toth, Senior Oil Industry Expert, MOL Group
  • 16:35 PM Calculating the rate of depletion and the rate of stock building for Middle Distillates in 2022
    • Reflect on how tank storage and cabin storage has been full during 2020
    • Importance of releasing barrels ahead of time to avoid holding unnecessary volumes
    • Impact of stock building on Middle Distillate pricing
  • 17:05 PM Chair's concluding remarks Francesco Di Salvo, Associate Editorial Director, S&P Global Platts
  • 17:15 PM End of Day One
Friday, January 28, 2022
  • 08:45 AM Continental breakfast
  • 09:00 AM Chair's welcoming remarksFrancesco Di Salvo, Associate Editorial Director, S&P Global Platts
Explore trends linked to decarbonization and COVID-19 in transport and its impact on transport fuels
  • 09:10 AM How automotive trends can be used to project decarbonization in transport in the next five years
    • Forecasting the lifespan for Diesel using trends emerging in Western Europe surrounding electric cars
    • Analyzing buying habits surrounding German Diesel cars and where they are being exported
    • Will Diesel survive and are electric cars the certain future?
    Al Bedwell, Director, Global Powertrain, LMC Automotive
  • 09.40 AM Leaders discuss: What is the fuel of the future for the aviation sector?
    The leaders of industry come together to answer key questions surounding sustainable aviation fuel such as what will be future fuel for aviation, what is expected of the next five to ten years, what is the roadmap for decarbonization and how are refineries gearing up towards sustainable aviation fuel?
    Michael Fiedler-Panajotopoulos, Director, Government Affairs, Renewable Energy Group
    Jonathan Wood, Vice President, Neste
    Valentin Batteiger, Lead Alternative Fuels, Bauhaus Luftfahrt e.V.
  • 10:10 AM Review Middle Distillate consumption coming from shipping in a post-IMO 2020 world
    • IMO impact on bunker fuel: How are you blending to meet the Sulphur specification?
    • Reflect on COVID-19 disrupted the IMO 2020: Will IMO still influence the market once COVID passes?
    • Exploring blending dynamics and whether there is a place for high sulphur products
    Michael de Boeck, Director, United Bunkers
  • 10:55 AM Networking
  • 11.25 AM How refineries are contributing towards a cleaner future
    • How are refineries adjusting to low carbon pathways towards 2050
    • Consider the long term production plan from refineries and the world gears up for clean transport
    • How are refineries gearing up towards sustainable aviation?
Around the world with Middle Distillates
  • 11.45 AM Panel discussion: Around the world with Middle Distillates: Russia, Middle East and Asia
    • Outlook for Russia, Middle East and Asia’s downstream industry
    • Infrastructure developments and evolving trade flows in the regions
    • The state of refinery upgrades in Russia and competing refineries in Middle-East
    • Examine the Asian arbitrage route and see how much is coming to Europe
    • Compare the Middle Distillate price difference in Asia and Europe and the insight this provides on recovery
    Ahmed Mehdi, Research Fellow, Oxford Institute for Energy Studies
  • 12.40PM Chair’s concluding remarks Francesco Di Salvo, Associate Editorial Director, S&P Global Platts
  • 12.50PM End of Conference



Key numbers

23%

Traders

15%

Fuel Suppliers

12%

Ports/Terminals

10%

Oil Companies

8%

Refiners

Speakers

Speaker Marco Schiavetti
Chief Commercial Officer, SARAS

He graduated with a degree in Management Engineering from the Polytechnic University of Milan.

He joined the Saras Group in 1993 after a brief experience in Olivetti S.p.A., playing increasing roles over the years in the trading and financial field. Until 2003 he held the position of Corporate Finance Manager and in 2006 he was Investor Relations Manager.

From 2008 to 2016 he was Supply & Trading Director with responsibilities overarching the entire Supply Chain.

In 2015 Mr. Schiavetti was appointed Saras Trading SA CEO and in 2018 was appointed Chief Commercial Officer of Saras.


Speaker Ahmed Mehdi
Research Fellow, Oxford Institute for Energy Studies

Ahmed Mehdi is a Visiting Research Fellow at the Oxford Institute for Energy Studies (OIES) where his work focuses on oil market fundamentals, Middle East oil and product pricing, and the geopolitics of energy markets. Alongside his role at OIES, Ahmed is Chief Analyst at Renaissance Energy Advisors, a specialist energy consulting firm which advises some of the world's leading IOCs and trading houses. Ahmed previously acted as an advisor to BHP Petroleum and has worked in the deals advisory team for PricewaterhouseCoopers (PwC) in London. Ahmed regularly writes and comments for the media, including the New York Times, Financial Times, Bloomberg, Foreign Affairs, Petroleum Economist, S&P Global Platts and Middle East Economic Survey (MEES). Ahmed was educated at the University of Oxford and University College London.


Speaker Al Bedwell
Director, Global Powertrain, LMC Automotive

 


Speaker Michal Paszkowski
Upstream Research Expert, Grupa LOTOS S.A.

 


Speaker Jonathan Wood
Vice President, Neste

 


Speaker Martijn Rats
Managing Director, Equity Research, Morgan Stanley

 


Speaker Michael Fiedler-Panajotopoulos
Director, Government Affairs, Renewable Energy Group

 


Speaker Vasiliy Volkov
Global Head of Middle Distillates Trading, Litasco

 


Speaker Mateusz Kajdzik
Middle Distillates Trader, PKN Orlen

 


Speaker Valentin Batteiger
Lead Alternative Fuels, Bauhaus Luftfahrt e.V.

 


Speaker Neil Watt
Head of Analytics, BB Energy

 


Speaker Nicole Leonard
Head of EMEA Custom Solutions, Custom Analytics and Consulting Services, S&P Global Platts

Ms. Leonard manages Platts Analytics cross-commodity analytics and client engagement, showcasing Platts Analytics integrated outlook on the interdependency of commodities and the fundamentals and trends that drive individual commodity markets. She has held senior analyst positions on Platts Analytics’ crude oil, NGL, and natural gas teams and managed countless Custom Analytics bespoke projects, during which time she contributed to various reports, built relevant and durable quantitative models, and facilitated the expansion of crude and product analysis at Platts Analytics. Ms. Leonard provides commodity market updates to over 100 S&P Global clients per year, and showcases Platts Analytics’ analysis at over a dozen conferences, annual meetings, and forums per year.


Speaker Pedro Nobre
Head of Products Trading, GALP

 


Speaker Vladimir Langhamer
Managing Director, OMV Supply & Trading

Vladimir Langhamer is a downstream oil professional and leader with broad experience across crude oil & products trading and sales, crude & feedstock optimization, risk management and operations. Starting his career in 2006 with OMV. Vladimir has experience with developing a new LP based crude scheduling solution, has opened new sales channels for excess production of white and heavy products. Managing director of OMV’s trading office in Switzerland he has been leading teams of operations, risk, back office and finance professionals. After his return to Vienna, he has been managing a team tasked with optimization of crude & feedstock supply for OMV western refineries in Austria and Germany, connected inventory and price risk management, origination and emissions hedging. For the past 4 years Vladimir has transferred to London as Trading Director and recently as Managing Director of OMV’s crude oil / oil products trading office in London responsible for all front office, operations, market analysis and shipping activities of OMV Group.


Speaker Gergely Toth
Senior Oil Industry Expert, MOL Group

 


Speaker Francesco Di Salvo
Associate Editorial Director, S&P Global Platts

 


Pricing

The S&P Global Platts Middle Distillates Conference 2022 will take place Hilton Amsterdam on January 27-28, 2022 at 09:00 am - 13:00 pm CET.


Early Bird Rate
Register by December 10
Standard Rate
Register by January 27
In-person Delegate
$1,399
$1,799
Virtual Delegate
$599
$749

GROUP RATES:
Register 2 at any given rate and get a 3rd pass free (in-person delegates only)

Rates are in USD and are not inclusive of Netherlands tax rate of 21% for in-person delegates.



Commitment to Safety

The health and safety of our attendees are of utmost importance. S&P Global Platts will follow local Government guidelines during this event. Currently, we ask that all physical attendees provide visual proof of their vaccination at registration or proof of a negative lateral flow test. We ask that participants wear facemasks at all times during our events. We are continuously monitoring the situation and will adjust these guidelines as needed. We appreciate your cooperation as we work to keep everyone safe during these challenging times.

Protection
• We request visual proof of vaccination at registration or proof of a negative lateral flow test
• We ask that participants wear facemasks at all times during our event
• Participants are asked not to attend if feeling unwell and to participate virtually

Cleaning & Hygiene
• We will undertake enhanced cleaning before and during our events, working with our venue partners to attain the highest standards of cleanliness
• We will provide face masks, hand sanitizing stations, personal sanitizing materials, contactless registration and encourage all participants to regularly wash and disinfect their hands

Physical Distancing
• We request participants avoid physical contact, such as handshakes and embraces
• We will work to room capacity limits to ensure safe physical distancing
• We will maintain a density of participants in line with local government guidelines

We will continue to monitor government guidance to ensure the health and safety of all.

Venue


S&P Global Platts Annual Middle Distillates Conference will be held on January 27-28, 2022 at the Hilton Amsterdam in The Netherlands.

Your conference registration does not include accommodation. A limited number of rooms have been reserved for conference attendees at the Hilton Amsterdam at a discounted group rate.

Please note that these rates apply for the nights of January 24-27, 2022. The discounted room rate will be available until January 10, 2022 – or until the group block is sold-out, whichever comes first.
Room Rates:
Hilton Deluxe Room (single occupancy) – €229

Bedroom rates are quoted in Euros (€) and are inclusive of breakfast, excluding 7% city tax and excluding a tourism fee of € 3.00 per person/night.
Individuals can cancel their accommodation bookings up until 8 days prior to arrival.
 
To book your accommodation, please click here: https://www.hilton.com/en/attend-my-event/sandpglobalplatts2022/

** Please note: S&P Global Platts 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.
 



View full online event terms and conditions

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

Sponsorship

Position your business in expert company, distinct from your competitors. At S&P Global Platts Middle Distillates 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(0)7815 019864 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 Middle Distillates 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.

Contact us to start a conversation about your goals and how you can lead the pack as an event sponsor: Jon Fleming, Commercial Partnerships Manager, at +44(0)7815 019864 or [email protected].


FAQs

How do I register?

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

Online: Click here or click any of the "Register Now" buttons
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, January 25, 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, and do not want to retain access to the on-demand replay (included with registration), 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
Phone: +44(0)7815 019 864
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?