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CC-01-149 INTEGRATING MARKET OPPORTUNITIES WITH REFINING CAPABILITIES TO MAXIMIZE ASSET VALUE

Darrell Rangnow And Jack Davis Aspentech Houston, Texas

Format:
Electronic (digital download/no shipping)

Associate Member, International Member, Petrochemical Member, Refining Member - $0.00
Government, NonMember - $25.00

Description:

Commodity - Over the last 30 years, petroleum and its products have become commodity markets. This has allowed speculators to buy and sell petroleum and its products through futures or swaps marketswithout owning physical assets. Cyclical - Petroleum markets have investment cycles. During periods of over-investment, the markets approach variable cost recovery. During under-investment periods, petroleum markets approach full investment economics. These commodity cycles whipsaw earnings, cash flow, and capital programs, as well as stock prices. Highly competitive - The physical markets for petroleum are generally transparent and liquid across the supply chain. Liquidity and transparency reduce the barriers to entry into the market, which encourages purchasing or selling products at various points along the supply chain. The ability to enter and exit the supply chain combined with the use of financial instruments or physical forward markets, dramatically increases business complexity and competitive intensity.

Product Details:

Product ID: CC-01-149
Publication Year: 2001