WorksheetsMTSG
Total questions: 7
Worksheet time: 4mins
Classification of crude oil such as Heavy, Medium, Light, Extra Light can be determined by?
Sulphur
API
Pour Point
Total Acid Number
Name 3 refinery type in the world.
Topping, Cracking, Complex
Topping, Hydroskimming, Treating
Topping, Hydroskimming, Complex
Topping, Cracking, Treating
What type of refinery shown in the diagram above? What is X, and what is upgrading material shown as Y?
Topping, Naphtha, LPG
Topping, Naphtha, Gasoline
Hydroskimming, Naphtha, Gasoline
Complex, Naphtha, LSWR
Delayed Coker Unit (DCU) upgrades Vacuum Residue (VR) into higher material such as Distillates instead of Fuel Oil or Asphalt. What type of refining process does DCU fall under?
Catalytic Converstion
Thermal Conversion
What are the main crude oil pricing benchmarks?
Tapis, Oman, Brent
Dubai, West Texas Intermediate, Brent
Minas, Brent, Dar Blend
In April 2023, a Refinery in Asia intends to buy USA crude on Dubai price basis. However, the Producer only selling on ICE Brent price basis. Physical Buy Cost is ICE BrentApril 2023 + 1.50/bbl. Brent - Dubai Spread April 2023 is +1.95/bbl.
If the Refinery mitigates the price exposure via hedging ICE Brent to Dubai, what would be the crude final price in Dubai price basis?
DubaiApril 2023 - 0.45/bbl
DubaiApril 2023 + 3.45/bbl
The same Refinery, upon buying the physical crude from USA, has bearish view on the market. Based on their technical analyses and market intel, the Brent - Dubai spread for April 2023 might be narrowing (decrease). Provided that they have proper mandate, should they hedge (lock the spread) now or wait?
Wait
Hedge Now
