花旗：全球煉油盈利能力在明年上半年前或維持低迷

據(jù)道瓊斯9月12日消息，花旗預(yù)計(jì)，全球煉油行業(yè)的盈利能力可能會(huì)持續(xù)承壓，直至年底，甚至明年上半年。花旗表示，煉油行業(yè)利潤(rùn)率面臨壓力的原因是，預(yù)計(jì)未來(lái)幾年供應(yīng)將大幅增加，而新冠病毒疫情大流行可能導(dǎo)致需求疲軟持續(xù)?；ㄆ毂硎?，近幾個(gè)季度，全球多數(shù)煉油企業(yè)的煉油毛利大幅下降，以當(dāng)前價(jià)格計(jì)算，亞洲企業(yè)幾乎無(wú)法實(shí)現(xiàn)盈虧平衡。它預(yù)測(cè)，短期內(nèi)這種溫和的趨勢(shì)將持續(xù)下去。該公司表示:“我們認(rèn)為，煉油利潤(rùn)在年底甚至在2021年上半年都不會(huì)出現(xiàn)有意義的反彈?！?/span>

張春曉 摘譯自 道瓊斯

原文如下：

Oil Refining Industry Profitability May Remain Weak Into 1H 2021

The crude oil refining industry's profitability will likely remain under pressure globally through year-end, or even 1H next year, Citi expects. The margin pressure is a result of significant supply additions expected in the coming years and potentially prolonged demand weakness due to the pandemic, Citi says. Most refiners' gross refining margins have sharply fallen in recent quarters globally, with Asian firms barely breaking even at current prices, Citi says. It projects the muted trend to drag on in the near term. "We do not see meaningful GRM rebound into year-end or even 1H21," it says.