Can Oil Refiners Adjust to a Greater Supply of Shale Oil?

Walid Matar and Rami Shabaneh
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Rami Shabaneh: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: The advent of American shale oil and its prospects for continued production growth have raised concerns about whether oil refineries can handle the increasingly lighter crude oil supply. To provide a perspective on this issue, we run a global oil refining model for the years from 2017 to 2030. The model’s objective is to maximize refining industry profits in eight global regions, taking into account around 100 grades of crude oil.

Keywords: Crude oil; Oil refining; Optimization model; Shale oil (search for similar items in EconPapers)
Pages: 33
Date: 2021-01-06
New Economics Papers: this item is included in nep-cwa and nep-ene
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https://www.kapsarc.org/research/publications/can- ... supply-of-shale-oil/ First version, 2021

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2020-dp27

DOI: 10.30573/KS--2020-DP27

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