Platts 3rd Annual European Oil Storage conference February 28, 2010

The recent unprecedented volatility of crude oil prices and persistently wide contango in the oil market has prompted record demand for storage this year, with oil companies looking to profit not only by storing oil in tanks on land but also in tankers anchored offshore.

This phenomenon of floating storage in the crude market reached such an extent earlier this year that by May, some 10% of the global VLCC fleet had been taken out of the tanker market for this purpose.

Now, with crude inventories at around all-time highs across various global strategic locations, demand in the developed world still depressed and a contango still in place, it seems likely that a significant amount of oil will remain in storage for the time being.

Building on Platts market position, this conference, developed by the industry for the industry, will bring together terminal owners and operators from the major oil and chemical companies, as well as the independent sector, to discuss a range of critical issues facing companies in the oil storage value chain, whilst providing practical insights into the market moving forward.

Platts 3rd Annual European Oil Storage conference will provide its attendees with an unrivalled opportunity to:

• Hear market analysis and forecasting of future industry trends


• Identify growth segments and opportunities in the European oil storage industry


• Obtain the most up-to-date information on storage terminals in Europe


• Assess floating storage phenomenon


• Hear about development of new and existing storage projects


• Examine finance and investment challenges and opportunities


• Discover how to achieve operational excellence in oil terminals

Conference information provided by konferenciakalauz.hu

Official Website: http://www.platts.com/ConferenceDetail.aspx?xmlpath=2010/pc079/index.xml