Crude-wise Indifference Values for All Refineries
This section calculates indifference values of the selected crude across multiple refinery configurations.
The demo version includes five standardised configurations — Hydro-Skimming, FCC-Visbreaking, Hydrocracker-Visbreaking, FCC-Coking, and Hydrocracker-Coking — with representative refinery cases in Asia, Northwest Europe, and the USGC.
In the full commercial model, most major global refineries are represented. To optimise computation time, refineries are evaluated in batches, and the final output presents indifference values for all refineries ranked in descending order.
Our Crude Oil Price Differentials – Methodology section outlines the framework used to assess price differentials of various crudes to their respective marker crudes, and to derive region-specific product price sets. The framework allows users to modify key default assumptions to understand sensitivity to market conditions.
The demo applications presented here use a consistent set of default assumptions, broadly representative of long-term market trends, to derive crude indifference values. For demonstration purposes, optimisation results are pre-run under these representative market conditions to ensure instantaneous display and smooth user experience. In the Commercial Model, the price differentials methodology is fully integrated with the crude indifference valuation framework, and full dynamic optimisation is performed using refinery-specific configurations and user-defined market inputs.