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Abstract

The advent of American shale oil and its prospects for continued production growth have raised concerns about whether oil refineries can handle the increasingly lighter crude oil supply. To provide a perspective on this issue, we run a global oil refining model for the years from 2017 to 2030. The model’s objective is to maximize refining industry profits in eight global regions, taking into account around 100 grades of crude oil.

Authors

Walid Matar

Research Fellow Walid works on developing energy system models. He developed the following components of the KAPSARC Energy Model (KEM): electric power… Walid works on developing energy system models. He developed the following components of the KAPSARC Energy Model (KEM): electric power generation, electricity transmission, oil refining, petrochemicals and fertilizers, and cement production. He is currently working on a bottom-up residential electricity use framework that merges microeconomics with the physical laws governing electricity use.

Expertise

  • Modeling energy systems
  • Electricity Prices
  • Energy Efficiency and The Interdisciplinary Connection Between Energy Economics and Engineering

Publications See all Walid Matar’s publications

Rami Shabaneh

Senior Research Associate Rami Shabaneh is a senior research associate with a focus on global gas and liquids markets. Rami has over 13… Rami Shabaneh is a senior research associate with a focus on global gas and liquids markets. Rami has over 13 years of research and industry experience analyzing energy markets and energy policy. Before joining KAPSARC, Rami worked at Cenovus Energy as a market fundamentals analyst, providing analytic support on specific issues affecting North American gas, natural gas liquids and condensate markets. His work informed the company’s hedging strategies. Before working at Cenovus Energy, Rami spent three years as an integral member of the fuels and power research team at the Canadian Energy Research Institute. He holds an M.Sc. in sustainable energy development from the University of Calgary.  

Expertise

  • Oil and Gas Markets
  • Petrochemicals
  • Hydrogen

Publications See all Rami Shabaneh’s publications

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