The hottest oil refining industry has been losing

  • Detail

The oil refining industry has suffered losses for ten months in a row, and it is expected that the oil price will continue to fall in the third quarter.

the ups and downs of international oil prices and the weakening of demand are still prolonging the loss line caused to the oil refining industry. The economic operation report of the petroleum and chemical industry in the first half of this year released by the China Federation of petroleum and chemical industries shows that in the first five months of this year, the cumulative losses of the oil refining industry exceeded 166 million yuan, which will always have a harmful impact on plastics of some kind. 6 It has set up 16 offices in key cities such as Shenyang, Changchun, Beijing, Guangzhou, Wenzhou, Shenzhen, Xi'an, Chengdu, Zhengzhou, Changsha, Taiyuan, Wuhan, etc., which are gradually expanding

The report shows that the output value of the petrochemical industry increased by only 9.5% in the second quarter of this year, the lowest since the fourth quarter of 2009. It is noteworthy that the oil refining industry has been in a state of loss since last August. The analysis of the report points out that the long-term losses of the oil refining industry will have a serious adverse impact on the development of the entire industry

the ups and downs of international oil prices in the first half of this year, the slowdown of world economic growth, sluggish demand and worrying prospects are the main reasons for the sharp ups and downs of international oil prices, especially in the second quarter. In July this year, domestic refined oil products fell for the first time for three consecutive times. However, recently, the international oil price turned up by clicking on the reset price, and the window of price rise this weekend is about to open. The agency pointed out that whether the world economy can stabilize in the third quarter and restore people's confidence in the market will have a decisive impact on oil prices in the second half of the year. It is expected that the international oil price will continue to decline in the third quarter, and the average spot price may be between $90 and $100/barrel, about 5% lower than that in the second quarter. Compared with the third quarter, the oil price in the fourth quarter will rise significantly, and the annual average price will be roughly the same as that of the previous year or slightly higher

note: the reprinted content is indicated with the source. The reprint is for the purpose of establishing a strict manufacturing access threshold to transmit more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI