14 October - 16 October 2018
Miami, Florida

Argus Fuel Oil Summit

Cruise Ship Tour and Opening Cocktail Reception

Start End
  • 09:45
  • -
  • 15:30
  • Royal Caribbean Allure of the Sea cruise ship engine room tour

(Update- September 17, 2018: The Royal Caribbean Allure of the Sea cruise ship engine room tour is now sold out. Please contact us should you have any questions)

9:45 - 10:15: Registration, continental breakfast and complimentary mimosas provided in the lobby of the W Hotel

10:15 - 11:00: Transportation to and boarding of Allure of the Seas: Passport or a government issued ID card/driver’s license AND a notarized birth certificate from a state agency required for boarding

11:00 - 14:45: Royal Caribbean engine room, galley and other key areas tour as well as networking luncheon and open bar aboard the Allure of the Sea

- Conference room discussion: Hear details on fueling and operating a cruise ship from the Royal Caribbean Environmental Officer and Chief Engineer prior to touring the ship.
On-board tour: Follow the Royal Caribbean Environmental Officer and Chief Engineer as they discuss the pertinent information on a private guided tour throughout the engine control room, galley and other key areas exploring
Networking lunch and open bar on-board at Chops Grille

14:45 - 15:30: Transportation back to the lobby of the W Hotel

  • 17:00
  • -
  • 19:00
  • Welcome cocktail reception and casino night
Sit down with new contacts and try your luck at blackjack, craps and poker for a chance to win some great prizes!
(Open to conference attendees only)
 

 

 

Day 1

Start End
  • 08:00
  • -
  • 09:00
  • Registration and networking breakfast
  • 09:00
  • -
  • 09:05
  • Chairman's opening announcements John Demopoulos - ‎Vice President, North American Refined Products, Argus
  • 09:05
  • -
  • 10:00
  • Keynote presentation: 2020 details, compliance considerations and anticipated market shifts Carlos Torres - Global Head of Physical Group Operations, Bunker Holding, former Global Head of Marine Fuels, BP
- What is known about 2020
- Demand – General overview of what customers are or have announced to be doing in preparation for 2020
- Supply - General overview of what refiners and physical suppliers are or will be doing
- VLSFO Blended fuels – concerns around stability and compatibility
- Compliance – latest views and actions to help mitigate the risk
  • 10:00
  • -
  • 10:30
  • Presentation: Crude market overview Michael Cohen - Head of Energy Markets Research, Barclays Capital
- Hear an overview of the global oil market fundamentals and geopolitical issues in the short and medium term
- Assess anticipated US production and exports up to and through 2020
- Share analysis on the demand and product price implications of the IMO 2020 regulation
  • 10:30
  • -
  • 11:00
  • Morning networking break
  • 11:00
  • -
  • 12:30
  • Session 1: Refinery considerations and shifts in spreads
Light-heavy spreads:
- Analyze the impact will the new regulations have for refiners and oil producers
- Assess with spreads widening, the benefit to refiners who have coking capacity; and the impacts on simple and cracking refiners
- Outline the many uncertainties as we approach the deadline

Ed Arnold, Senior Consultant, Argus

The refining world today:
- Understand who, what and where Motiva is in this fuel oil space
- Explore the implications for refiners who buy coker feed, cat feed and high sulfur distillate feedstocks
- Assess specification requirements for those feeds and analyze how they differ from normal “bunker fuels”

Rick Marriner, Trading Manager, Motiva

Refiner’s perspective - The impact on supply and demand up to and through IMO 2020:
- Understand demand fluctuations for bunker fuel and other products as a result of the upcoming spec change
- Evaluate IMO impact on crude quality differentials
- Analyze a timeline for the gradual shifts in market factors as well as short term and long term scenarios for refinery economics

Joseph Israel - President and CEO, Par Petroleum LLC
  • 12:30
  • -
  • 13:00
  • Networking lunch
  • 13:00
  • -
  • 17:00
  • Optional afternoon activity of attendee's choice
 

Route A: Conference workshop- Marpol VI – Requirements, risks, opportunities, planning and likely effects

Route B: John Gleber memorial golf outing
(Additional registration required. $395) (Additional registration required- $155)
 - Understand the options for refiners and traders regarding the International Maritime Organization’s (IMO) sulfur regulation deadline.
- Explore the opportunities for more dynamic refiners and details around how blending options will change
- Assess how flexible refiners are to switch crudes and how will these restrictions continue to impact blending as we approach and pass 2020
- Evaluate light-heavy spread’s impact on the timing of the spreads market for both crude and products and who will take the high sulfur resid that cannot be converted


Edward Arnold, Senior Consultant, Argus Consulting Services

‎Stephen Jones, Senior Vice President, Business Development, Argus
Come out and join us for 18 holes of golf at the Miami Beach Golf Club. Shotgun start is set for 1:00pm. 

This event honors the memory of Mr. John Gleber who was an industry expert, conference committee member and trusted advisor of this program for many years. 

Transportation and lunch provided: Bus departs at 12:45 for a 13:15 tee time. Pick-up and drop off at hotel lobby
 

 

 

  • 18:00
  • -
  • 20:00
  • Evening cocktail reception
(Open to conference attendees only)

Day 2

Start End
  • 08:00
  • -
  • 09:00
  • Registration and networking breakfast
  • 09:00
  • -
  • 09:05
  • Chairperson's day 1 recap and golf awards John Demopoulos - ‎Vice President, North American Refined Products, Argus
  • 09:05
  • -
  • 10:30
  • Session 2: Considerations on the water

The impact on shipowners:
- Hear a shippers view on the anticipated changes in supply and changing trade flows resulting from IMO 2020 implementation
- Assess how the bunker market is ramping up for the regulatory changes and analyze questions on compliance, enforcement, penalties and other unknowns
- Analyze key considerations for the global freight market including LNG, scrubbers and other new points of discussion

George Mangos, Principal, Interunity

Supply and demand impacts on bottom of the barrel:
- Scrubbers and their effect on residual fuel oil demand
- LNG for bunkering
- Future greenhouse gas emissions regulations on shipping
- Shipowner and suppliers views on using exotic blends of 0.5% and ULSD

Stefka Wechsler, Marine Fuel and Fuel Oil Price Analyst, Argus

Port expansions and terminal operations- Anticipated impacts of the Marpol regulation:
- Understand how the fuel spec change will impact port operations
- Explore potential details on availability for ULSD and bunker fuel
- Analyze how terminals will have to evolve along with the market and the overall impact on fuel availability

Eric Smith, Vice President & Chief Commercial Officer, Hendry Marine Industries, Inc.

  • 10:30
  • -
  • 11:00
  • Morning networking break
  • 11:00
  • -
  • 11:30
  • Presentation: Corollary commodities up to and through 2020 JR Owens - Trader, Warner Petroleum Corporation

Understand how much heavy resid will be used in the asphalt market
- Assess changes in supply for VGO, carbon black and slurry
- Analyze how this will impact other commodities including petcoke

  • 11:30
  • -
  • 12:30
  • Interactive panel discussion: Waves of change in the maritime bunker market

- Nicholas Dazzo, VP - Derivatives, Koch Supply & Trading
- William Cline, Bunker Trader, Dan-Bunkering
- Dr. Ian Ralby, Founder & CEO, I.R. Consilium, Maritime Crime Expert, Nonresident Senior Fellow, The Atlantic Council
- John Demopoulos, Vice President, North American Refined Products, Argus

  • 12:30
  • -
  • 12:35
  • Chairperson's closing comments and conclusion of event John Demopoulos - Vice President, North American Refined Products, Argus