Refining market outlook to 2050

Thank you for downloading our whitepaper, 'The future of refining: What lies ahead to 2050?' This analysis, powered by our Refining System Model, explores future demand scenarios and their impact on the refining industry.

Refining System Model

The Refining System Model is a web-based tool designed to help companies like Repsol anticipate and adapt to evolving crude and product markets. With shifting demand, regulatory changes and the rise of biofuels, refining economics are more complex than ever.

Our model provides a bottom-up analysis of the global refining system, incorporating granular data on refinery configurations, capacities, yields and crude grades. It also integrates refining economics with investment cycles, trade patterns, and price forecasts. By factoring in regional market developments, emerging technologies, carbon policies and infrastructure developments, the model delivers a complete market outlook.

Support Repsol’s investment decisions by customizing scenarios through 2050 to:

  • Forecast refining margins, utilization and product pricing
  • Assess refinery performance under different market conditions
  • Identify where new refining capacity is needed or where rationalization will occur
  • Analyze regional balances and trade shifts
  • Understand biofuel supply impact and future emissions policies

Stay ahead of market shifts with data-driven insights.