A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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The Evolution of Global Benchmarks: New Pricing Trends in International Oil Markets
3 October 2019
14:00—15:15

The search continues for the best pricing mechanisms for international oil grades. The amount of oil available for calculating the North Sea Brent Crude is dropping, and trading liquidity at the North Sea ports is decreasing. Production peaks at most oil fields are behind us, and ever more light oil is being imported to Europe from around the world. The issue of the stability and quality of various oil grades is ever more pertinent. The basic methods for calculating the North Sea Dated (Argus Media) and Brent Crude (S&P Global Platts) indices have undergone changes. These indices serve as a benchmark price for most European oil company contracts with consumers. Pricing agencies calculate spot market quotations for physical deliveries, and this market then forms the basis for derivative exchange instruments, including futures. What changes to trading can we expect in the coming years, given the new approaches to pricing? What are the trends and prospects for growth in the international and Russian crude oil markets?


Date
03.10.2019
Forum
Russian Energy Week
Started at
14:00—15:15
Conference hall
Manege, –2nd floor, conference hall B
Analytics on the topic