Upstream Oil & Gas
Crude oil markets are characterised by a wide diversity of crude streams, varying significantly in quality, composition, and processing behaviour. While crudes are often broadly classified as light/sweet or heavy/sour, such labels are insufficient for assessing their true suitability for specific refinery configurations
The analytical focus in this area is on systematically assessing the processing affinity of different crude oils to a given refinery configuration, based on detailed crude characteristics rather than headline classifications.
The approach is grounded in:
Detailed crude assay properties
Processing unit constraints and yields
Product slate implications under given refinery configurations
Using a stylised linear programming framework, representative crude oils can be evaluated against a standardised refinery configuration to understand relative processing suitability and value contribution.
For illustrative purposes, publicly available crude assays from open sources are used. The emphasis is on demonstrating the analytical logic and methodology, not on exhaustive coverage of all global crudes.
The same framework can be extended, where required, to incorporate client-specific crude assays and refinery data, enabling tailored assessments without reliance on proprietary third-party datasets.
Illustrative explorations
Selected analytical explorations may be added over time to illustrate the application of this framework under representative assumptions.