The world is struggling to keep up with the growing demand for oil products. The refining sector is running close to maximum capacity throughout the entire year. The result has been many unscheduled problems causing wide swings in prices. It is therefore, a requirement to be knowledgeable about what the economic impact is to the refinery, speculator as well as the supply analyst who is buying all the crude for the refinery and selling the off-take. The economics of this sector can be broken into four interesting and very important segments.

You will leave this course with a solid and immediately useful understanding of:

- Basic refinery economics
- Economic Optimization/LP Model
- Netback economics
- Financial Instruments - Crack Spreads.

This is one of EMI's premier online courses into the world of refining economics. You will be exposed to the various economic calculations around a refinery as well as which sector of the industry is using which type of economic analysis. You will understand the pure economics of a refinery as well as alternative economic calculations that are used to optimize the refinery operations as well as feedstock acquisitions.