Unipec-Argus Joint Forum

US crude exports: Emerging opportunities for trade & pricing
Unipec-Argus Joint Forum

US crude exports: Emerging opportunities for trade & pricing

US crude is proving more competitive than expected to Asia-Pacific in the wake of the lifting of Washington’s ban on crude exports. Refiners in Thailand, Singapore, Australia, China, South Korea and Japan are now regular buyers of light sweet Permian WTI and Eagle Ford crude and condensate, while medium sour grades from the UG Gulf coast and Canadian heavy sours may start to find their way to Asia’s most complex refineries in India and beyond.

Exports are to accelerate on the back of Opec production cuts, as US shale production returns to growth in a higher price environment. A stronger Dubai benchmark will also render shipments of Atlantic basin crude to East-of-Suez destinations more competitive, making US grades regulars among Asian refiners’ slates. China’s desire to diversify beyond its already varied crude sources is driving refiners like Sinopec to the exciting new frontier of North American crude.

From a pricing perspective, the US Gulf coast is well placed to become the global center for crude benchmarks because of its ample liquidity and the transparency that Argus brings. As pipeline and export infrastructure expands, Texas and Louisiana are replacing the declining North Sea as the world’s prime location for oil price formation because of their promising potential for expansion and growth.

What opportunities are there for you?

For the first time we bring North American suppliers together with Asian consumers to discuss the future of these exciting new flows. Experts will also address freight, storage and the potential effects of a Trump administration on US crude production, transport and export infrastructure.
US crude exports are increasingly finding their way to the fast-growing Asia-Pacific market, and this trend is set to accelerate should prices recover as a result of OPEC’s renewed attempts to manage supply. Shipments have even defied periods of poor arbitrage economics, bolstered by refiners’ appetite to diversify and secure supplies from sources that until recently were beyond their reach.

What opportunities are there for you?

This Unipec-Argus joint forum for the first time brings North American suppliers together with Asian consumers to discuss the future of these exciting new flows. Experts will also address freight, storage and the potential effects of a Trump administration on US crude production, transport and export infrastructure.



Key topics:
  • Asia-Pacific’s appetite for North American crude: the new frontier
  • Prospects for US crude exports under the Trump administration
  • US Gulf coast as the center of global physical oil trading and pricing
  • Impact of US crude exports on oil benchmarks
  • Linking the North American and Asia-Pacific pricing structures: WTI-Dubai EFS
Speakers and speaking companies:

The Unipec-Argus crude forum brings together top level decision makers from producers, midstream and trading companies and refiners in a top line combination of speakers and topics that include:

Unipec - Asia-Pacific’s appetite for North American crude: the new frontier
Chen Bo, President


Goldman Sachs (J. Aron) - Topic to be confirmed
Qin Xiao, Head of Asia Commodities Trading


Freepoint Commodities - US Gulf coast infrastructure and trade
David Messer, CEO


Occidental Petroleum - Prospects of US crude production and exports


Argus Media The global reach of US crude pricing
Jeff Kralowetz, Vice President, US Crude Market Specialist


Chicago Mercantile Exchange (CME): Round the clock liquidity: WTI futures during Asian trading hours
Nicolas Dupuis, Senior Director, Energy Products

Date: 28 March 2017
Time: 9:00 am - 1:00 pm (registration starts at 8:30 AM)
Venue: Ritz Carlton, Singapore
Forum Details

Date: 28 March 2017
Time: 9:00 AM - 1:00 PM (registration starts at 8:00 AM)
Venue: Ritz Carlton, Singapore



Registration Form