Platts 10th Anniversary European Refining Summit

Platts 10th Anniversary European Refining Summit
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Sep 29, 2016 08:00 AM to
Sep 30, 2016 05:20 PM

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Review the past, understand the present and discuss the future for European Refining. When we started the conference back in 2007, the global "golden age" of record refining profits was very much in full swing. We saw growing consumption for all refined products, a raft of new projects planned, stable oil prices and diesel the new king of the barrel. A good time indeed for European refiners. Margins were good. How things changed. The industry's brief golden age of high margins swiftly gave way to a protracted period of adjustment and decline following the economic crash of 2008. European refiners began fighting the perfect storm of overcapacity, weakening demand, stronger more efficient competition and increasingly stringent and regionally centric sustainability goals. They needed to adapt to remain profitable. We saw players come and go, mothballed refineries throughout the region and trade flows evolve. Margins were not so good. Today, the European refining sector seems to be enjoying a much-needed reprieve following a period of favourable macroeconomic conditions and the 50% decline in crude oil feedstock costs. Margins have been better and the sector is smiling again. In fact, 2015 has even been described as a ‘mini-golden age' for European refining. But has this continued in 2016 and what does the future hold for the industry? Join us at the 10th anniversary European Refining Summit 2016 where the sector and its dependents come together to review the past, understand the present and discuss the future for this important industry. How long will the reprieve last? Register today and gain practical insight into the global refining environment, product and price shifts and legislative developments, whilst unearthing strategies for increased refinery responsiveness, efficiency and flexibility from those at the forefront. Find out more at www.platts.com/eurorefining

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The Hotel, Boulevard de Waterloo 38 , Brussels, 1000, Belgium
+44 (0)20 7173 6300
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