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Past Opportunity Crudes Proceedings

The Opportunity Crudes Conference Series consists of biennial meetings of experts from some of the world's most active organizations in extracting, transporting and refining price-advantaged opportunity crudes.

5th Opportunity Crudes Conference 2016:

A “Perfect Storm” in Refining—Volatile Market, Changing Crudes, Shifting Product Slate & Tightening Fuel Standards

The Opportunity Crudes Conference Series consists of biennial meetings of experts from some of the world's most active organizations in extracting, transporting and refining price-advantaged opportunity crudes. The oil market in 2016 and beyond is rather different from when we held the previous meeting in September 2014, as the oil market had started a prolonged period of price rout because of glutted oil supplies, mostly attributed to high output by US shale producers. More recently, the oil glut has turned into a fuel glut, hitting refining margins and leaving the market without clear direction.

Nowadays, refiners are facing a compound of challenges in a perfect storm, which may linger for a while. At our most recent meeting in October 2016, participants learned solutions from international oil strategists and technology experts, and shared ideas with colleagues from around the world. The theme of this celebrated biennial event was "Effective Ways to Evaluate, Prepare, and Process Changing Crudes to Meet Shifting Product Slate."

Crude price fluctuations have prompted refiners to look for bargains in the spot market. Unfortunately, changing crude types more frequently and increased blending of different crudes together are creating a lot of problems. The problems go beyond crude-refinery mismatch as "improper" blending to make look-alike crudes can produce feedstocks with dumbbell qualities and generate undesirable product mix. Drastic changes in crude and blend properties can also lead to reliability concerns, lower energy efficiency, poor catalyst performance, and even safety problems. Furthermore, increasingly stringent fuel specs such as Tier III and Renewable Fuel Standard (RFS) in the US, and Euro 5 (and even 6, 7) in other parts of the world are exacerbating the hardship for many refiners at the time of fuel gluts and poor refining margins.

There were five major sessions:

  1. Global Crude Outlooks – Impacts and Implications for Refiners
  2. Insights and Unique Perspectives on Oil Trading & Exports/Imports
  3. Effective Blending Strategies & Use of Internet of Things (IoT) to Improve Profitability
  4. Crude Management to Avoid Pitfalls of Changing Feedstocks
  5. Technology Flexibility to Meet Shifting Product Slate

The Opportunity Crudes conference is designed for refinery professionals, oil traders and buyers, and technology providers.

How to attendees benefit?

Well-focused event

The biennial meeting gathers industry people interested in processing price-advantaged crudes. Conference topics are selected to reflect current interests, including global crude markets and supply logistics, oil trading, crude quality analyses, assay management and blending, refinery planning and economics, crude scheduling, fouling and corrosion controls, residue and heavy oil upgrading, and light tight oil processing.

Learning from the experts

Our high-caliber speakers are well-known for their business insights and technology expertise. Their presentations provide the latest technology and operational advancements using case studies and actual plant experiences. You'll have an opportunity to consult the speakers directly, exchange ideas with fellow attendees face-to-face.

Opportunities of networking beyond local

Our attendees come from all around the world (including Belgium, France, Hungary, India, Israel, Japan, Norway, Russia, Turkey, and United Kingdom). The meeting gives you global perspectives and a chance to keep in touch with current colleagues and establish new contacts during receptions, group luncheons, and refreshment breaks.

This biennial event is well-known in the industry. Over 94.5% of attendees in the previous four Opportunity Crudes Conferences rated their overall experiences as good or excellent.

View more details about the conferences:

2016 Opportunity Crudes conference (A complete set of conference papers is available for purchase.)

2014 Opportunity Crudes conference (A complete set of conference papers is available for purchase.)

2012 Opportunity Crudes conference (A complete set of conference papers is available for purchase.)

2010 Opportunity Crudes conference (A complete set of conference papers is available for purchase.)

2008 Opportunity Crudes conference (A complete set of conference papers is available for purchase.)


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