ANP Audiência Pública#20 – 2018

Palestrante Platts: Bruno MartinsGerente de Relacionamento com o Mercado - Brasil

3 de outubro, 2018

Private & Confidential

Índice

Introdução à Platts

Fundamentos de avaliação de preço

Metodologia definida, relevância do tempo, transparência

Participação robusta e crível no mercado

Formação de preço do Golfo dos EUA em ambiente transparente

P&R

Private & Confidential

Platts – Introdução

Somos a principal fornecedora independente de informações e preços de referência para os

mercados de commodities e energia. Clientes

em mais de 150 países contam com nossa

competência em notícias, preços e

análises para oferecer maistransparência e eficiência aos mercados.

Fundamentos de avaliações de preçoIngredientes Essenciais

Metodologia Robusta

Transparência

Preço como uma função do tempo

Normas de Negociação Internacional

Aceitação e participação do mercado

Private & Confidential

Private & Confidential

Metodologia Transparente – O ResultadoFundamenta o Desenvolvimento de Mercado

Aumentara confiança nos

benchmarks de

preços

Incentivaro comportamento

responsável

Simplificara participação no

processo de avaliação

de preços

Estabelecerinformações de alta

qualidade para a

tomada de decisões

O objetivode uma

metodologia transparente

Private & Confidential

Precificação Global e Relevância do TempoRegistro Horário do Market on Close

Petróleo brutodos EUA/produtos

Petróleo brutoda Europa/produtos

Petróleo bruto doOriente Médio/

produtos

Petróleo brutoda Ásia/produtos

Singapura16:30

Dubai12:30

Londres16:30

Nova York14:30

Houston13:30

Private & Confidential

A H Meyer & CIE AG

A/S Global Risk Management Ltd

ABN Amro Bank, NV

Addax Energy, S.A.

ADM International Sarl

Aegean Bunkering (USA) LLC

Aegean Bunkering Singapore Pte Ltd

Aegean Marine Petroleum SA

Aegean NWE NV.

Aegean Petroleum International Inc

Afco Energy Pte Ltd

AGRITRADE ENERGY PTE LTD

AIC Limited

Alcodis SA

Allston Capital LLC

Ambrian Energy GmbH

AOT Holding Ltd

AOT Holding AG

Apache North Sea Ltd

Apex Oil Company, Inc.

Arcadia Petroleum Ltd.

Archer Daniels Midland Company

Asia Commodities and Shipping Limited

Astra Oil Co Pte Ltd

Astra Oil Company LLC

Atlantic Trading & Marketing, Inc.

Augusta Energy SA

B.K. Sales Corporation

Banca IMI SPA

Banco Santander, S.A.

Baoharvest Holding Limited

Barclays Bank plc

BASF Intertrade Ag

BB Energy (Asia) Pte Ltd

BB Energy Gulf DMCC

BB Energy Trading Limited

Belgische Olie Maatschappij NV

Belgomine NV

BioUrja Trading, LLC

Blue Ocean Associates Ltd

BNP Paribas

BOCI Commodities & Futures Ltd

BOCI Global Commodities Limited

Bominflot Bunker Oil Corp

BP Europa SE - BP Nederland

BP Oil International Ltd

BP Products North America Inc.

BP Singapore Pte. Ltd

BRAHMAN PURE ALPHA PTE. LTD

BRIGHTOIL PETROLEUM (S'PORE) PTE LTD

Brightoil Petroleum International Pte Ltd

Buckeye Energy Services LLC

Bunge London Limited

Cadoil Trading SA.

Cargill Incorporated; Petroleum Trading

Cargill International S.A.

Cargill International SA - World Trading

Cargill International Trading Pte Ltd

Castleton Commodities Merchant Asia Co. Pte. Ltd.

Castleton Commodities Merchant Trading L.P.

Cenovus Energy US LLC

Cepsa Trading S.A.U.

Chemium International Corp.

Chemoil Energy Limited

Chemoil Middle East DMCC

Chevron B.V.

Chevron Global Trading Limited as agent for Chevron Products UK Limited

Chevron Marine Products LLC

Chevron Products Antilles Ltd.

Chevron Products Company a division of Chevron U.S.A. Inc.

Chevron Singapore Pte. Ltd

Chevron U.S.A. Inc. (Singapore Branch)

Chimbusco Pan Nation Holdings (HK) Limited

CHIMBUSCO Pan Nation Petro-Chemical Co. Ltd

China Aviation Oil (Singapore) Corp Ltd.

China Marine Bunker (PetroChina) Co., Ltd

China National Building Materials Supply Chain Co., Ltd

China National United Oil Corporation

Chinaoil (Hongkong) Corporation Ltd

Chinaoil (Singapore) Int'l Pte Ltd

CHS Inc

Chuang Xin (China) Group Ltd

Citibank, N.A.

CITIC Metal (HK) Ltd

Citigroup Energy Inc

Citus Trading Pte. Ltd.

Coastal Oil Singapore Pte Ltd

Cockett Marine Oil (Asia) Pte Ltd

Coffeyville Resources Refining & Marketing

Commerzbank AG

Commonwealth Bank of Australia

Concord Energy Pte Ltd.

Concord Fortune Group

ConocoPhillips (U.K.) Limited

ConocoPhillips Petroleum Company U.K. Limited

Consort Bunkers PTE LTD

Continental Minerals Company Limited

Copersucar Trading AVV

Cosmo Oil Co Ltd

Credit Agricole Corporate & Investment Bank London Branch

Credit Suisse Energy LLC

CropEnergies Bioethanol GmbH

Czarnikow Group Ltd

Daelim Corporation Singapore Branch

Daewoo International Corp

Daitoh Trading Co., Ltd

Davison Petroleum Supply LLC [DPS]

DBS Bank Ltd

DCP NGL Services, LLC

Delta Air Lines, Inc

DLH Fuel Company mbH

Dow Europe GmbH

DS - Mineralol GmbH

Eco-Energy, LLC

ELTM, LP

Emirates National Oil Company (Singapore) Private Limited

Engelhart CTP (US) LLC

Engie Global Markets

ENI Trading & Shipping Inc.

ENI Trading and Shipping SpA

Enjet, LLC

ENOC Services (UK) Limited

Enterprise Products Operating LLC

Epsilon Trading, LLC

ERG SpA

Essar Oil UK Limited

Ethanol Products LLC, dba POET Ethanol Products

ExxonMobil Sales and Supply, LLC

Falcon Resources Limited

Feoso Oil Ltd

FinCo Supply & Trading BV

First Resources (HK) Development Limited

Flint Hills Resources, LP

Flontrano Trading Limited

Freepoint Commodities LLC

Freepoint Commodities Oil Trading GMBH

Freepoint Commodities Singapore Pte. Ltd.

Fritz Meyer AG

Galaxy Energy International Ltd.

Galtrade Ltd

Gazprom Marketing & Trading Limited

Gazprom Marketing & Trading Singapore Pte Ltd

Gazprom Marketing & Trading Switzerland AG

George E. Warren Corp

Gilops Group S.A.

Ginga Petroleum (Singapore) Pte Ltd

Glencore Commodities Ltd.

Glencore Energy UK Ltd

Glencore Grain BV

Glencore Ltd.

Glencore Singapore Pte Ltd

Global Companies LLC

GP&W Inc. dba Center Oil Company

Gracewood International Limited

Grand Petrochemical Company Limited

Greenergy Fuels Ltd

Grupa Lotos SA

GS Aromatics (Qingdao) Chemical Co Ltd

GS Caltex Corporation

GS Caltex Singapore Pte Ltd

GS Global Corp.

Gulf Oil Limited Partnership

Gulf Oil Netherlands BV

Gulf Petrochem FZC

Gulf Petrochem Pte Ltd

Gulf Petrol Supplies LLC (Bunkers)

Gunvor SA

Gunvor Singapore Pte. Ltd.

Hanwa Co., Ltd

Hanwha International (S) Pte Ltd

Hartree Partners (UK) Limited

Hartree Partners (UK) Limited as agents for Hartree Partners, LP

Hartree Partners, LP

Harvest Energy Ltd

Hendon Energy Pte Ltd

Hengli Petrochemical (Dalian) Co. Ltd

Hin Leong Trading (Pte) Ltd

Holt Global Group International AG

Holt Global Ltd

Hongkong Hongwei Holding Group Co. Ltd.

Hyundai Corporation

Hyundai Corporation Singapore Pte Ltd

Hyundai Cosmo Petrochemical Co., Ltd.

Hyundai Oil Singapore Pte. Ltd.

ICAP Energy Pte Limited

Idemitsu International (Asia) Pte Ltd

Idemitsu Kosan Co.,Ltd

Ineos Commercial Services UK Ltd

Ineos Europe AG

Ineos Phenol AG

ING Bank N.V.

Inpex Corp

Integra Petrochemicals Pte Ltd

Interchem Pte Ltd

InterChem USA Inc.

International Energy Group Pte Ltd

Interpetrol SA

IPC (USA), Inc

IPC Europe Ltd

IPG Ltd

Itochu Corporation

ITOCHU ENEX CO,. LTD.

Itochu Petroleum Co., (Singapore) Pte. Ltd

Itochu Singapore Pte Ltd

J. Aron & Company

JPMorgan Chase Bank

Jupiter Dyechem Pvt Ltd

JX Nippon Oil & Energy Corporation

Kamei Corporation

Kanematsu Corporation [KNMTSU]

Kangqi International Pte Ltd

KazMunayGas Trading AG [...]

Kempar Energy Pte Ltd [...]

Kempler & Co., Inc.

KG Gekol Mineralolhandelsgesellschaft mbH

KIB Energy Pte Ltd

Kinergy Marketing LLC

Klesch Petroleum SA

KLM Royal Dutch Airlines

Koch Commodities Europe Limited

Koch Refining International Pte Ltd

Koch Supply & Trading SARL

Koch Supply & Trading, LP

Kolmar Americas, Inc.

Kolmar Group AG

Kolmar Singapore Pte. Ltd.

KTB Oil Corporation [KTBOIL]

Kuo Oil (S) Pte Ltd.

Lansing Ethanol Services LLC

Lantmannen Agroetanol AB

LG International Corporation

Licorne Petroleum Nederland B.V.

Litasco SA

Louis Dreyfus Commodities Ethanol Merchandising LLC

Louis Dreyfus Company Suisse S.A.

Lukoil Asia Pacific Pte Ltd.

Lukoil Pan Americas LLC

Lyondell Chemie Nederland BV

Mabanaft Deutschland GmbH & Co. KG

Mabanaft GmbH & Co KG

Mabanaft International GmbH & Co. KG

Mabanaft Ltd

Mabanaft Pte Ltd

Macquarie Bank Limited (London Branch)

Macquarie Energy North America Trading, Inc.

Maersk A/S

Maersk Energy Marketing A/S

Maersk Line A/S [.]

Maersk Oil Trading Inc.

Maersk Tankers A/S [.]

Marubeni Corp

Marubeni Energy Corporation

Marubeni International Petroleum (S) Pte Ltd

Marubeni Petroleum Co., Ltd.

MCE Limited

MENA Energy DMCC

Mercuria Energy Trading Inc.

Mercuria Energy Trading Pte Ltd

Mercuria Energy Trading SA

Merrill Lynch Commodities (Europe) Limited

Merrill Lynch Commodities, Inc.

Midas NSSG International Pte Ltd

MIECO, Inc. - Houston

Minerva Bunkers Pte Ltd

Mitsubishi Corporation

Mitsubishi UFJ Securities International plc

MITSUI & CO , LTD.

Mitsui & Co Petroleum Ltd.

Mitsui & Co. Deutschland GmbH

Mitsui & Co. Energy Trading Singapore Pte. Ltd.

Mitsui Bussan Commodities Ltd.

Mitsui Oil Asia Hong Kong Limited

Mitsuuroko Energy Force Co., Ltd

Mocoh SA

MOL Commodity and Trading Kft.

Monjasa Inc

Morgan Stanley Capital Group, Inc.

Motiva Enterprises LLC

MRI Group PTE Ltd.

Murex LLC

Murphy Oil USA, Inc.

Musket Corp.

Naftomar Shipping and Trading Co Ltd Inc of Panama

Nakagawa Bussan

Natixis SA

Neste (Suisse) S.A.

Neste Oyj

NIC Holding Corp.

Noble Americas Corp

Noble Clean Fuels Limited

Noble Petro Inc [NPETI]

Nomura International plc

North European Oil Trade Oy

Novum Energy Trading Inc.

NuStar Energy L.P.

NuStar Supply & Trading LLC

Oak Capital LLP

Ocean Energy Pte Ltd

Oel Pool AG

Oil Search Limited

Oilchart International NV

Oman Trading International (Singapore) Pte. Ltd.

Oman Trading International Ltd

Omneo Trading AG

OMV Supply & Trading Limited

ONEOK Hydrocarbon LP

Onyx Commodities Limited

OPET International Ltd.

Pannonia Ethanol ZRT

Pearl Marine DMCC

PENINSULA PETROLEUM LTD

Peninsula Petroleum Panama, Inc

Pertamina Energy Services Pte Ltd

Pertamina Energy Trading Ltd

PETCO Trading labuan Company Ltd.

Petraco Oil Company LLP, London, Lugano Branch

Petraco Oil Company Ltd.

Petredec (Europe) Limited

Petredec International Pte. Ltd.

Petro China International Company Ltd

Petro Diamond Company Limited

Petro Diamond Company Limited

Petro Summit Pte Ltd

Petro-Diamond Co. Ltd (Hong Kong)

Petro-Diamond Singapore (PTE) Ltd

Petrobras America Inc

Petrobras Global Trading B.V.

Petrobras International Finance Company

Petrobras Singapore Private Limited

Petrochem Middle East FZE

PetroChina International (America), Inc.

PetroChina International (Hong Kong) Corp. Ltd.

PetroChina International (Singapore) Pte. Ltd.

Petrocom Energy Group, LLC

PetroIneos Trading Limited

Petronas Trading Corp Sdn Bhd

PetroSeraya Pte Ltd

PetroVietnam Trading Company Limited

Phillips 66 Company

Phillips 66 CS Limited

Phillips 66 International Trading Pte. Ltd.

Phillips 66 Limited

Poly Resources (Asia) Limited

Prax Petroleum Ltd

Preem AB

Preem Petroleum AB

PT Minerals Pte Ltd

PTT International Trading Pte Ltd.

PVM Oil Associates Pte Limited

Raffinerie Heide GmbH

Raizen Trading LLP

Raystar Corporation

Reliance Global Energy Services (Singapore) Pte Ltd

Reliance Industries (Middle East) DMCC

Reliance Industries Ltd.

Repsol Trading Singapore Pte Ltd

Repsol Trading USA Corp

Repsol Trading, S.A

RILUSA, Inc.

Rio Energy International, Inc.

Rolympus US Commodities Group LLC

Rosneft Trading SA

RPMG, Inc.

RWE Supply and Trading Asia-Pacific Pte Ltd

RWE Supply and Trading GmbH

S-Oil Corp

S.E.T. Select Energy GmbH

SABIC Petrochemical BV

Safmarine MPV N.V.

Sahara Energy Resource Limited

San Ai Oil Co., Ltd

Santoku Corporation

Santos Ltd.

Saras SpA

Saudi Aramco Products Trading Company

Sea Go Line A/S

Sentek Marine & Trading Pte Ltd

Shell International Eastern Trading Co.

Shell International Trading and Shipping Company Ltd. as managers for and

on behalf of Shell Trading International Limited [STASCO]

Shell Trading Rotterdam B.V.

Shell Trading US Company

Showa Shell Sekiyu K.K.

SHV Gas Supply & Risk Management

Sinanen Co. Ltd.

Singapore Petroleum Company Limited

Sinopec Chemical Commercial Holding (Hong Kong) Co., Ltd.

Sinopec Fuel Oil (Singapore) Pte Ltd

SINOPEC HONG KONG (PETROLEUM) COMPANY LIMITED

Sinopec Hong Kong (Singapore) Pte Ltd

Sinosteel Trading Co., Ltd

SJB Petroleum Products BV

SK Energy Americas Inc

SK Energy Europe Limited

SK Energy International Pte. Ltd.

SK Global Chemical Co Ltd

SK Networks Co Ltd

SMANN SA

Socar Trading S.A.

Socar Trading Singapore Pte Ltd

SOCAR Trading UK Limited

Societe Generale

Sojitz Corproation

Somitekno Ltd

Sonas Commodities Ltd

Sonas Commodities Ltd

Southernpec (Singapore) Pte Ltd

Soyuz Bunkering Group Europe BV

SPR Resources Pte Ltd

Standard Bank Plc

Standard Chartered Bank

Standard Sekiyu Osaka Hatsubaisho Co., Ltd

Starlite Capital Limited

Statoil ASA

Statoil Marketing & Trading (US) Inc.

Statoil Refining Denmark SA

Strong Petroleum Singapore Private Ltd.

Sucden Geneva SA

Sumitomo Corporation Global Commodities Ltd

Suncor Energy International Trading Limited

Sundial International Trading Co., Ltd

Sunoco, LLC.

Synergy Global Resources Pte Ltd

Taiyo Oil Co Ltd

Talmay Trading DMCC Republic

Tauber Oil Company

Tenergy Trading SA

Tereos Commodities France SAS

Tesoro Trading Company

The Redwood Group, LLC

Toptip Holding Pte. Ltd.

Total Petrochemicals and Refining SA/NV

Total Trading Asia Pte. LTD.

TOTSA Total Oil Trading SA

Toyo Energy Co. Ltd

Toyota Tsusho Petroleum Pte Ltd

Trafigura Derivatives Limited

Trafigura Pte Ltd.

Trafigura Trading LLC

Tramp Oil & Marine Chile

Transcor Oil Services SA

TransMontaigne Product Services LLC

Tricon Energy Ltd

Trinity International Resources Co.,Ltd

Trust Bridge Pte Ltd

Turkish Petroleum International Co Ltd

U.S. Oil - A Division of U.S. Venture, Inc

UniCredit Bank AG [UNICRDAG]

Unipec America, Inc

Unipec Asia Company Limited

Unipec Singapore Pte Ltd.

Unipec UK Company Ltd

V Marine Fuels B.V.

Valero Energy Ltd

Valero Energy Ltd

Valero Marketing & Supply Co.

Van Raak Distributie N.V.

Varo Energy Supply Trading B.V.

Vattenfall Energy Trading Netherlands N.V.

Vattenfall Energy Trading Netherlands NV

Vector Energy AG

VERBIO Vereinigte BioEnergie AG [...]

Vercer Capital Markets Trading Limited

Vilma Oil S.L.

Vilma Oil S.L. Las Rozas de Madrid Zug Branch

Vitol Asia Pte Ltd

Vitol Inc.

Vitol SA

Wanxiang Resources (Singapore) Pte Ltd

Westport Petroleum, Inc.

Wilhelm Hoyer GmbH & Co.KG

Williams Energy Resources LLC

Wilmar Trading Pte Ltd

Winson Oil Trading Pte Ltd.

WORLD FUEL SERVICES (SINGAPORE) PTE LTD

World Fuel Services Europe Ltd

World Fuel Services, Inc.

Woroco Management LLC

Xinsha International Pte. Ltd.

Yong Yu Global Pte Ltd [YongYu]

Zhejiang Yisheng Petrochemical Co. Ltd

Zhongjia Huachen Energy Co. Ltd.

PARTICIPANTES

MAIS DE

Participação no mercado: transparência baseada em múltiplos players

Private & Confidential

Coleta de dados

Repórteres coletam informações comerciais durante todo o dia

Ofertas de compra, ofertas de venda e transações transparentes

Como os dados são coletadosEntre os mercados mais transparentes do mundo

Private & Confidential

Um dia no Market On Close:27 de setembro de 2018, produtos da Costa do Golfo dos EUA

Mercado # de Participan-tes

Negócios Volume negociado

Ofertas Players

DestiladosUSGC

(diesel e jet)23 17

425.000

barris94

Astra Oil Trading, APEX,Total, BP, Castleton, Chevron, Enterprise Partners, Glencore, Gunvor, Koch, Lukoil, Mercuria, Motiva, Musket, Northville, Phillips 66, Pilot, Shell, Trafigura, TransMontaigne, Valero, Vitol, World Fuels Service

GasolinaUSGC

15 25625.000

barris55

Total, BP, Castleton, Chevron, Eni, Enterprise Partners, George E Warren, Gunvor, Lukoil, Phillips 66, Shell, Sunoco, Trafigura, TransMontaigne, Vitol

Private & Confidential

Precificação fundamentada por um processo transparente e dados robustosPlatts US Gulf Coast ULSD (diesel)

Resumo

• 17 ofertas de compra

• 20 ofertas de venda

• 13 negócios

• Volume total negociado325.000 barris

Antes do MOC

Atividade durante o Platts MOC

-5,10

-5,00

-4,90

-4,80

-4,70

-4,60

-4,50

-4,40

Exemplo: 27 de setembro de 2018

Private & Confidential

Private & Confidential

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