BMI：原油过剩使得全球成品油供应维持高位

据道琼斯6月29日消息，BMI研究公司称，持续的全球原油供应过剩已经导致炼油利润疲软，尽管原油价格较低，但是欧洲和美国的平均炼油利润率低于去年同期。不过该研究机构称：“赢利的疲软并未导致加工量的显著放缓，因为在油价低迷之际，下游业务依然是综合型公司一个主要的收入来源。这一趋势继续支撑我们有关原油供应过剩正传导形成燃油过剩的观点。”该机构同时指出过去18个月较高的炼油开工率已经导致美国石油产品库存接近纪录水平，同时中国的汽油库存也位于数年高位。

唐绍红摘译自道琼斯

原文如下：

Crude Glut Keeping Global Oil Products at High Level - BMI

[Dow Jones] The lingering global glut of crude has weakened refining margins, says BMI Research, noting that despite cheap crude prices, refining margins in Europe and the U.S. are averaging lower compared with the same period last year. "However, weaker margins have not substantially slowed throughput, as the downstream remains a key revenue generator for integrated companies while oil prices are weak. This trend continues to support our view of crude glut being refined into a fuels glut," the agency says, noting the high refinery utilization rate in the last 18 months has left U.S. petroleum stocks near record levels while gasoline stocks in China are also at a multiyear high.