Investment in the petroleum industry is heavily exposed to various risks due to their capital-intensive nature, high initial investment, and long-lived and highly specific asset. Risk assessment methods should consider the analysis and effect of key risks on profitability indicators of such...

Ghana's Tema Oil Refinery (TOR) has a capacity of 45,000 barrels per day. TOR had a total debt portfolio of $320 million by 2003. So far, the public has paid a total of $700 million under the Debt Recovery (TOR) Fund Act of 2003 (Act 624). The Act required that the tax only be used to pay out...

These days, China’s exports of petroleum products are rapidly growing. The country has seen a decline in the growth of domestic demand for petroleum products as it adapts to the new normal, where less rapid growth is projected. At the same time, its refining capacity already outpaces domestic...

We examine the effect of air quality regulation on the productivity of some of the most heavily regulated manufacturing plants in the United States, the oil refineries of the Los Angeles (South Coast) Air Basin. We use direct measures of local air pollution regulation in this region to estimate...

The present study makes an attempt to provide an insight into the comparative financial performance between two selected oil refineries in India. It also makes an endeavour to observe and test the inter-firm comparison. The objective is to analyse and discuss whether there is any significant...

This paper uses a new data source to analyze the choice of organizational form of retail gasoline stations. In recent years, gasoline stations have tended to be less likely to be owned and operated by a lessee dealer and more likely to be owned and operated by the refiner. Critics have alleged...

The US refining industry is a leading producer of sulfur oxide and nitrogen oxide emissions. As a result of the Clean Air Act, it has been subject to a host of environmental regulations that prescribe the production processes firms can employ and limits their emissions based on the permits they...

The rapid rise in the price of crude oil between 2004 and the summer of 2006 are the subject of debate. This paper investigates the factors that might have contributed to the oil price increase in addition to demand and supply for crude oil, by expanding a model for crude oil prices to include...

"In this highly original work, historian Chelsea Schields illuminates how the contested management of sex and race transformed the Caribbean into a crucial site in the global oil economy. By the mid-twentieth century, the Dutch islands of Curaçao and Aruba housed the world's largest oil...

The crude oil -- Crude oil distillation -- Thermal conversion processes -- Catalytic conversion processes -- Hydroprocessing technologies -- Lubricating production refineries -- Refining configurations -- Hydrogen production -- Caustic treating processes -- Environmental processes -- A new...

The net effect of vertical integration on consumer welfare depends on the magnitude of the price reductions resulting from the elimination of double marginalization at the integrated firm and the price increases resulting from higher input prices charged to un-integrated competitors. In this...

This study aimed to analyze changes in the inefficiency of Malaysian palm oil refineries using DEA window analysis method over the period 1996 to 2009. We investigated the effects of different factors on inefficiency of Malaysian palm oil refineries. Based on empirical results, the effect of all...

The Kilian and Murphy (2014) structural vector autoregressive model has become the workhorse model for the analysis of oil markets. I explore various refinements and extensions of this model, including the effects of (1) correcting an error in the measure of global real economic activity, (2)...

The capture theory of regulation concludes that regulatory agencies tend to be captured by the firms they are regulating. This paper tests the capture theory in the recent environment of nuanced agency regulation by the administrative state, focusing on the U.S. oil refining industry. Regulation...

We analyze a petroleum refinery's procurement strategy, explaining how risk management affects optimal sourcing from long-term, spot, and swap contracts. We use time series analysis to model the interaction between petroleum prices, transportation costs, and gross product worth. These models are...

The zooplankton community structure of Ekerekana/Okari Creek in Okrika, South-South Nigeria had been studied for two months, February and August 2014 representing wet and dry months. Surface water for physico-chemical and zooplankton samples, were collected in 4 stations for analysis,...

A multiproduct portfolio hedge ratio strategy for oil futures is investigated using a multivariate GARCH model based on dynamic conditional correlation and an error correction model (DCC-ECM-MVGARCH). By considering the characteristics of refiner profits from crack spread and the mutual...

Chapter 1. History of Crude Oil Refining -- Chapter 2. Operations Inside a Crude Oil Refinery -- Chapter 3. How Much Crude Oil Should an Oil Exporting Country Produce Annually for Export?- Chapter 4. Clustering Problems in Offshore Drilling of Crude Oil Wells -- Chapter 5. A Product Mix...