Model Scenarios for Any Refinery Globally
Global refiners are navigating a perfect storm: crude oversupply is flooding markets, refinery outages are disrupting operations, and margin volatility is squeezing profits. As the balance shifts, strategic agility is no longer optional — it’s essential.
Refining Scenario Manager (RSM) delivers near real-time insights and scenario modelling to optimize trading and refinery operations. With RSM, you can simulate everything from crude pricing to unit-level utilization, uncovering opportunities to enhance efficiency, and gain a competitive edge.
Enabled by Aspen Tech’s Unified PIMS software and integrated with Commodity Insight’s high-quality refinery data, RSM is a robust scenario management capability, adaptable to any refinery configuration. Its cloud-based platform, accessible via Platts Connect, ensures near real-time data.
“Our team works on generating
long-term price scenarios which
are used by downstream
performance analysts to
benchmark our portfolio
performance.”
European Oil Major
“We are responsible for
measuring financial
performance of our assets, and
don’t currently have a way of
comparing our refineries to our
peers”
State Oil Company
“I need to understand how
margins are affected by oil
price movements in near real
time as possible so I can make
better trading decisions”
Middle Eastern Petrochemical
Company
“We plan our crude purchases in
3-month cycles based on demand
data we receive from our HQ. This
tool would allow us to validate the
results of our internal LP models to
select optimal grades”
Multinational Conglomerate
Dynamic refining scenario management capability, enabling the creation and execution of up to 15 user-configured scenarios for a selected refinery and time period. Simple user interface on Platts Connect illustrating Commodity Insight’s base data for selected refineries — with the ability to input and override parameters relating to:
Refinery capacity/utilisation data — granular to the unit level (includes 50+ downstream unit capacities including catalytic crackers, hydrocrackers, cokers, reformers, alkylation, hydrotreaters, lube units, asphalt units, etc)
Crude selection (from a library of 125+ crude slates).
Crude blends
Crude pricing
Crude transportation costs
Product pricing
Scenario results are generated with Commodity Insight’s in-depth refinery models and databases integrated with AspenTech’s world-leading Unified PIMS engine; delivered in near real-time onto Platts Connect.
>90% of global refinery capacity covered.
Scenario outputs provide clarity on:
Refinery-level profitability metrics: up to 15 key financial metrics reported including cash cost to produce light products (CCLP) and net/gross margin estimates.
Refinery throughput.
Refinery-level operating metrics: up to 43 refined products reported.
Marginal crude values.
Scenario data covers 5 years history and 10 years forecast; selected on a quarterly basis.
Scenario data is fully configurable/saveable/downloadable on Platts Connect.
