Refinery Economics
This course introduces the economics of refining from various perspectives. The course is designed to help participants at every level of the energy and financial infrastructure gain a more detailed understanding of the economics of a refinery.
Are you in the energy industry or do you work in a related industry that relies on energy (i.e. financial trading)? If so now is the time to expand the depth of your knowledge.
This critical online program introduces many topics that are of special interest to the energy and energy-related community. The program is filled with an extraordinary amount of valuable information for those who want to understand the economics of a refinery, how to interpret the economics, and how to use them for operational, hedging decision and speculative decisions.
Topics covered include:
- Cost of refining construction.
- Detail of all of the operating costs.
- Fixed and variable costs.
- Refinery margin calculations.
- Refinery optimization using linear programming models.
- Calculation of netbacks.
- Interpreting netbacks.
- Crack spread calculations.
- Interpreting crack spreads.
- Using crack spreads from various perspectives.