The refining industry faces significant challenges in sustaining profitability due to the unpredictable fluctuations in the global crude oil market, which are influenced by supply and demand. A surge in crude oil prices results in increased fuel costs, reduced travel by consumers, and, subsequently, a negative impact on the profitability of refineries.
An outline will be provided for each of the refinery areas affecting the refinery's profitability.
(M) Infrastructure Management
(C) Manufacturing Control
(O) Product Optimization
(R) Hydrocarbon Reconciliation