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美国第二大炼油巨头CEO乐观预期:明年全球炼油产能将出现短缺

The CEO of the second largest oil refining giant in the USA is optimistic: there will be a shortage of global refining capacity next year.

Zhitong Finance ·  Sep 5 08:09

The second largest refinery in the United States, Phillips 66, is preparing to welcome a "positive" refining market next year, as the fuel manufacturing capacity to meet global demand is insufficient.

According to the Zhitong Finance APP, Phillips 66 (PSX.US), the second largest refinery in the United States, is preparing to welcome a "positive" refining market next year, as the fuel manufacturing capacity to meet global demand is insufficient.

Phillips 66 CEO Mark Lashier said in an interview on Wednesday that refining profit margins are high enough to encourage US refineries to continue operations, while weaker competitors in other parts of the world are shutting down their factories. He estimates that global refining capacity will be reduced by up to 0.7 million barrels per day next year.

"The United States has become very competitive in refining," Lashier said, "We are capable of competing in the global market."

Meanwhile, Lashier stated that the transportation fuel supply from refineries in the US market remains strong this year, while demand is steady to weak.

Despite the construction of many new large-scale refineries around the world, which indicates that the golden profit period for refineries may be waning, Lashier still made the above prediction.

The translation is provided by third-party software.


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