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StocExpo, 29 June-1 July 2021, Antwerp

Mark Waddington is confirmed as a speaker at the tank storage industry’s leading event this year, run by Tank Storage magazine in Belgium.

Thought leaders from across the world will gather alongside exhibitors and visitors to discuss the future of the bulk storage industry. More information on the event can be found here:


Petrospot MEBC, January

Mark Waddington was a keynote speaker in Session One at the Middle East Bunkering Convention on Tuesday 26 January, providing an overview on ‘Middle East energy and global bunker supply developments for the 2020s: post-IMO 2020, mid-pandemic and pre-IMO 2050.  

Based on new research from Channoil Consulting, in association with Gibson Shipbrokers, Mark’s paper suggests that the short-term outlook for shipping could be a ‘lower carbon’ one rather than full-on decarbonisation. The recently-published paper investigates the context of decarbonisation in the maritime sector, takes a reality check on the fuelling options and likely short-term solutions, and examines fuel economics for the likely short-term options.  Read the full report here Ship Energy 26 January 2021

Paper: Renewable Energy, June 2020

A look at the Oil and Gas markets and the future for Renewable Energy

Experts in the field of fossil fuels, Channoil has for many years been advising companies and governments all over the world on the economic use of these fuels. Until recently, our consultancy service has mainly been in the fields of refining, storing, handling, marketing and pricing. However, as the world proceeds towards a zero-carbon economy, the future for the downstream oil industry is changing and we are repositioning ourselves as providers of advice on a holistic energy model.  This paper outlines our thinking and approach. Download the full document here Renewable Energy

Tank Storage Webinar: Thursday 18 June

Opening the conversation in this important industry webinar, Charles Daly discussed ‘The oil industry post Covid-19’ and how the plummeting oil price has impacted the global storage market. Participants from all over the world gained insight into storage challenges thrown up by the Covid-19 pandemic.  An extended Q&A session moderated by Patrick Kulsen, Managing Director of Global Insight, followed the presentations.  The full programme included:

The oil industry post COVID-19’ by Charles Daly, Chairman, Channoil Consulting

Floating storage and changes to trade flows’ by Jay Maroo, Senior Market Analyst, Vortexa

‘Investing in oil storage post COVID-19 and in the age of decarbonisation’ by Martin Krastev, Executive Director, DC Advisory.

For a copy of Daly’s presentation click here: Post Covid 19 in Downstream oil – Charles Daly – 18 June 2020


Training: Oil Trading & Risk Management in a Covid-19 environment

Covid-19 has turned the world of Oil Trading and Risk Management upside down.

How are you managing your oil trading and risks business today? What should you be doing now in a world in lockdown and economic crisis?

We’re offering a new, interactive online training programme with live sessions running over two mornings – Tuesday 30 June and Thursday 2 July 2020 – designed to help you manage the new global oil trading landscape as it emerges.  Book now to secure your place. Click the link for more information and registration details: i


Opinion: The Oil Patch post-Covid-19

“I always told myself never forecast anything beyond two years, as you never know what ‘crocodile’ is around the corner …” begins a new opinion piece from Charles Daly.  After more than 50 years in the industry, Charles turns his expert opinion to what’s going on in the downstream oil industry.  Read the full article here: The Oil Patch post Covid-19

StocExpo Europe, Rotterdam 10-12 March 2020

Charles Daly was a guest speaker at StocExpo Europe where exhibitors and visitors met to discuss the future of the bulk storage industry.

The focus of this year’s high-level event focused on sustainability at the Terminal as well as innovation.   Charles presented his paper on The need for power storage, alternatives for carbon reduction and how this might impact on traditional storage installations to delegates and thought leaders from across the world.   A copy of his presentation can be found here: Climate Change – by Charles Daly – Channoil – StockExpo – Mar 2020

Channoil-sponsored Cass Business School IP Week event, February 2020

Above l to r: Dermot Campbell, Usama Barwani and Charles Daly

During last week’s International Petroleum Week 2020 in London, Channoil Consulting sponsored an Alumni networking event at Cass Business School.

The development of Cass’s MSc postgraduate degree in Energy, Trade & Finance was initiated by Channoil  in 2004 and the Oil & Energy Trading Module of the course continues to be taught by Channoil, 16 years later.

A short panel session was introduced by Dermot Campbell, Channoil CEO and featured speakers Charles Daly, Channoil Executive Chairman and Usama Barwani, CEO of Petrogas E&P LLC and Board Member of Arcapita Bank BSC.  Usama is a Cass MSc ET&F degree  graduate from the class of 2005.  The panel focus was on careers in the rapidly-changing energy industry over the coming decades and was followed by drinks and networking.

The event was attended by current and past Cass students as well as Channoil clients and Associates.



Channoil’s Energy, Trade & Finance module at Cass Business School, London

Photo: Richard Johnstone delivering a lecture in early February.  

Now in its 16th consecutive year, the winter 2020 semester has seen the highest-ever number of students registered for the Channoil-taught Oil and Energy Trading Module, part of Cass Business School’s MSc postgraduate degree in Energy, Trade and Finance.   Students undergo thorough training in oil and gas trading and economics in lectures prepared and delivered by Channoil staff and associates which include a rigorous trading simulation exercise lasting three weeks.

Part of the City University, Cass is ranked among Europe’s leading business schools and in the global elite of business schools that hold the gold standard of ‘triple-crown’ accreditation.  Working closely with Cass, Channoil initiated the development of a Master of Science (MSc) degree in Energy, Trade and Finance in 2004.

Past alumni have made successful careers with governments and major oil and trading companies, including  BP, Shell, Total, Lukoil, TNK-BP, Vitol and Trafigura.

In late 2019, the course was accredited by the prestigious Global Association of Risk Professionals (GARP). GARP is an industry-leading professional association dedicated to preparing individuals and organisations to make better informed risk decisions. The status is granted to top institutions whose degree content incorporates at least 70% of GARP’s Energy Risk Professional (ERP) Body of Knowledge, the first leading and global designation for energy professionals


Daily Telegraph Letters, 9 January

Top billing on The Daily Telegraph Letters page of 9 January was given to a letter from Channoil’s Executive Chairman, Charles Daly, responding to an article featured in the newspaper three days earlier on clean energy.  In his letter, Charles makes the point that technology exists to store wind, solar and even tidal power and once an adequate return on capital can be assured, infrastructure funds would readily invest.  The letter also heads up the online version that day.  Read more