據道瓊斯9月12日消息，花旗預計，全球煉油行業的盈利能力可能會持續承壓，直至年底，甚至明年上半年。花旗表示，煉油行業利潤率面臨壓力的原因是，預計未來幾年供應將大幅增加，而新冠病毒疫情大流行可能導致需求疲軟持續。花旗表示，近幾個季度，全球多數煉油企業的煉油毛利大幅下降，以當前價格計算，亞洲企業幾乎無法實現盈虧平衡。它預測，短期內這種溫和的趨勢將持續下去。該公司表示:“我們認為，煉油利潤在年底甚至在2021年上半年都不會出現有意義的反彈。”

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.