Volatile crude markets, shifting fuel demand, geopolitical disruptions, and evolving refinery economics have made strategic decision-making more complex than ever. The Refining Economics course provides a practical framework for understanding how refiners evaluate crude supply, market conditions, logistics, and investment opportunities to remain competitive in today’s global energy landscape.
Designed for both non-refiners and professionals who are new to the downstream industry, no technical background is required to understand the course material. The program is particularly valuable for finance, commercial, marketing, business development, and policy professionals who interact with refining or petroleum products and want to better understand the economic forces behind refinery operations. Likewise, refinery engineers and technical personnel will gain insight into how commercial considerations, market dynamics, and financial drivers influence operating and capital investment decisions.
Throughout the course, participants will connect refining fundamentals with real-world market events, learning how crude supply, refinery configuration, logistics, pricing, and global trade shape profitability and competitive positioning. Presentations will incorporate current world events (i.e., the war in Ukraine, potential disruptions to the Strait of Hormuz, shifting trade patterns, and changing fuel demand) to illustrate how refining companies adapt their strategies in increasingly dynamic and unpredictable energy markets.