Speakers
  • DEREK SAMMANN
    Senior Managing Director,
    Global Head of Commodities Markets CME

  • Victor Yang
    Senior Analyst
    JLC International

  • Russell Robertson
    Chief Commercial Officer
    GME

  • Yu Xie
    Chief Editor
    JLC International

  • Benjamin Tang
    Director, Commodities at Sea
    S&P Global

Background

As the world faces intensifying geopolitical tensions, increasing trade protectionism and slow economic recovery, Asia will remain the biggest driver for global oil demand growth in 2025. Meanwhile, the focus is still on China demand as the country accelerates its energy transition to cleaner fuels and keeps pushing forward with its industrial upgrade.

Despite immense uncertainties worldwide, including the foreign policies of the U.S., China has aimed for stable GDP growth for 2025, promising supportive strong policies.

Will this push up China’s oil demand? Has its fuel demand peaked? Where does the potential lie?

JLC and GME are pleased to share with you our insights into the latest developments and prospects for china’s oil industry at JLC 13th Oil Seminar in Singapore on 9th April 2025.

The Seminar is for

Oil traders, investors,
market intelligence managers

Investment banks, risk managers
and finance managers/advisors

Crude oil practitioners who
want to know more
about China’s oil Market

Key Benefits of Attending
  • Network with peers
    in the industry
  • Stay updated with the latest policy
    and dynamics in China’s oil market
  • Deepen your understanding of
    government policy
Seminar Agenda
9:00 am

Registration (Please bring along your business card)

9:30 am

Opening Remarks

China Oil and Refining Session

09:40 am

Changing Environments Call for Adaptation and Upgrade

• SOEs’ Refinery Upgrade and Adjustments to Production

• Strengthening Regulations over China’s Oil Market

• To be or not to be- Survival of Independent Refiners

Speaker: Victor Yang, Senior Analyst, JLC International
10:05 am

Questions and Answers

Middle East Session

10:10 am

Crude and Refined Products Derivatives Pricing Mechanisms

• The rise of Middle East Derivatives.

• The expansion of global benchmarks into regional pricing.

• Future Derivative pricing opportunities as regional trade flows develop.

Speaker: Russell Robertson, Chief Commercial Officer, GME
10:35 am

Questions and Answers

10:40 am

Coffee break

China Naphtha and Biofuel Session

11:00 am

China’s Naphtha Demand on the Rise

• Prospects for China’s Naphtha Demand and Supply

• China’s Naphtha Consumption by Sector

• Prospects for Olefins and Aromatics

China’s Biofuels See Great Potential amid Emission Targets

• Applications of Biofuels in line with governing policies

• Feedstock Production Capacity for Biofuels

• Prospects for China’s Biofuels Industrial Chain

Speaker: Yu Xie, Chief Editor, JLC International
11:25 am

Questions and Answers

Panel Discussion

11:30 am

Chinese Private Refiners amid Energy Transition and Geopolitics

Speaker:
Victor Yang, Senior Analyst, JLC International
Benjamin Tang, Director, Commodities at Sea, S&P Global
Russell Robertson, Chief Commercial Officer, GME
About JLC

At JLC, our purpose is simple—We empower market participants.

With twenty years of endeavor in China’s bulk commodity market, we are proud to offer our premium services in data intelligence, real-time business information, industry analysis, custom reports, market research and consultation, conference & training, pricing solutions and risk management to 1.38 million customers worldwide.

Headquartered in Beijing with branches in Shanghai, Guangzhou, Jinan, Zibo, Yantai, and Singapore, JLC has a professional team of hundreds of insightful analysts and research fellows providing data and intelligent application services with the help of technologies including big data and artificial intelligence. Our strong database comprising global spot commodity prices, derivative prices, data on market fundamentals, industry data and macroeconomic data covers hundreds of products in over a dozen industries such as oil, natural gas, chemicals, hydrogen, steel, plastic, rubber, polyurethane, chemical fertilizers, chemical fiber and coating materials.

Apart from companies in the above-mentioned industries, we also have long-standing customers ranging from financial institutions and government associations to research institutes. With our services, they have strengthened the ability in market analysis, prediction, business decision-making and risk control, all enabling them to trade with higher efficiency and profitability.

As a leader in comprehensive, digitalized and intelligent service in China’s bulk commodity market, JLC has been an established partner of the National Development and Reform Commission (NDRC) for the latter’s price monitoring, and has been listed among Beijing’s first batch of pilot companies for innovative application of big data. We also collaborate closely with S&P Global Commodity Insights, Refinitiv, Bloomberg, and the Singapore Exchange Ltd (SGX).

Inspired by the core values, our team takes the initiative, stands the tests, breaks new ground and strives for excellence. Dedicated to making commodity trading more efficient, JLC is committed to establishing itself as a world-class provider of comprehensive, digitalized and intelligent service in the industry.

About GME

The Premier International Commodity Exchange in the Middle East

Formerly known as DME (Dubai Mercantile Exchange), GME (Gulf Mercantile Exchange) has a distinguished history of providing robust and reliable commodity trading solutions. DME was founded with the vision of creating Internationally accessible derivatives markets for Middle East commodities.

Launched in June 2007 as a joint venture between Dubai Holding, Oman Investment Authority, and CME Group, DME aimed to bring fair and transparent price discovery and efficient risk management to the East of Suez. The Oman Crude Oil Futures Contract (DME Oman) became its flagship contract, providing the most transparent crude oil benchmark for the region and the largest physically delivered crude contract in the world and over 3 Billion Barrels Delivered through the exchange mechanism with 21 Billion Barrels Traded.

On inception of the DME Oman Crude contract the Oman National Oil Company (Ministry of Oil and Gas in 2007) adopted the DME price discovery mechanism as the basis for pricing all its Oil exports to Asia (East of Suez)

This price National level recognition of DME was followed by Dubai Department of Petroleum Affairs (2009), Saudi Aramco (2018), Bahrain Petroleum Company (2018), and Kuwait Petroleum Corporation (2020) all committing to use the benchmark in their pricing formula with their Asia customers.

In 2024, The Saudi Tadawul Group (STG) acquired a third strategic stake in DME. This acquisition marked a significant milestone in the exchange’s evolution, prompting its rebranding to the Gulf Mercantile Exchange (GME) and recognition of its Middle East markets expertise to drive a 10 year plan to build commodity markets in the Kingdom of Saudi Araia and across the GCC.

GME is strategically located within the Dubai International Financial Center (DIFC), a financial free zone dedicated to promoting financial services within the UAE. The exchange is regulated by the Dubai Financial Services Authority.

In partnership with CME Group shareholder, GME products are listed and executed on the CME Globex matching engine and cleared via by CME Clearing. CME is regulated by the U.S. Commodity Futures Trading Commission (CFTC) and is recognized by the DFSA.

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