Oil & Money 2015 Chair: John van Schaik - New York Bureau Chief Energy Intelligence Speaker: Marcel van Poecke - Chairman AtlasInvest Philippe Sauquet - President, Refining & Chemicals Total

1. #OM2015#OM2015
Golden Age (the sequel)
-10
-5
0
+5
+10
+15
2008 2009 2010 2011 2012 2013 2014 2015
Trends for Key Refining Margins
Mars USG FCC
Brent NWE CC
Oman Singapore HC
($/bbl)

2. #OM2015
Global Refinery Closures Since 2008
NORTH AMERICA
1.8 million b/d
GRAND TOTAL 6.1 MILLION B/D
EUROPE
2.7 million b/d
ASIA
1.6 million b/d

3. #OM2015
Benefiting the most in crude runs:
non-OECD refiners
35
36
37
38
39
40
41
42
43
2012 2013 2014 2015
(million b/d)
oecd non-oecd