Estimating the economic impacts of any regulation on the petroleum refining industry requires a good understanding of how finished petroleum products are Analysis on Hydrogen Economics Focusing on. Automobile Fuel Production in Oil Refinery. Yasuaki Kawakami. *. Harumi Hirai. *. 1. Background and objectives . Dec 14, 2012 Unknowns about the future growth rate of the world economy, the price of crude oil, government regulations, as well as the economics of The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Oil refineries are also accounted for in this work, since they fall within the application field In any case, it rarely makes economic sense to go to great lengths to Download scientific diagram | Crude oil refinery economics from publication: Biobased Chemicals and Bioplastics: Finding the Right Policy Balance | As OECD
The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.
Aug 3, 2013 The national refinery capacity is roughly 16.7 million barrels per day. from PricewaterhouseCoopers' report, "The Economic Impacts of the Oil II. Basic Refinery Economics In many businesses, profits or losses result primarily from the difference between the cost of inputs and the price of out-puts. In order to have a competitive edge, a business must make higher-value products using lower-cost inputs than competitors. In the oil refining business, the cost of inputs What it really measures is whether the refinery will make money at the margin – i.e., whether an additional barrel of crude oil purchased upstream will yield sufficient revenues from saleable products downstream. In reality, existing refineries must consider their refining costs in addition to just the cost of crude oil. The overall economics or viability of a refinery depends on the interaction of three key elements: the choice of crude oil used (crude slates), the complexity of the refining equipment (refinery configuration) and the desired type and quality of products produced (product slate). The program begins with a detailed discussion of crude oil and products, including commercial transactions, which may have a large impact on refinery economics. The presentation then moves into the refinery to explore the effects of crude oil type on refining yields and to examine the interactions between crude oil selection and refinery
The overall economics or viability of a refinery depends on the interaction of three key elements: the choice of crude oil used (crude slates), the complexity of the refining equipment (refinery configuration) and the desired type and quality of products produced (product slate).
Case studies: crude oil arbitrage, Fluid Catalytic Cracking (FCC) unit margin. REFINERY BLENDING SIMULATION. Case study: managing the blending operation of a refinery taking into account the economic and technical (product specifications, capacities, etc.) constraints. OPTIMIZATION OF REFINING OPERATIONS - LINEAR PROGRAMMING Crack spreads are essentially the economics of refining a barrel of crude oil into its constituent products and can be used as a proxy to gauge demand for various distillates. The Economics of Petroleum Refining: Understanding the business of processing crude oil into fuels and other value added products Mr. Krishnan is a Senior Consultant in the Oil, Midstream, Downstream and Chemicals team in Asia. He has more than 12 years of experience in the petroleum refining and palm oil industries. His consulting project experience includes market entry studies, refinery modeling, refinery competitive analysis and economic modeling.