该公司上季度炼油利润全面提高。
Refining margins improved nearly across the board last quarter.
目前的炼油利润率不高，但已弹离近期低点，而且从较长远角度来看也是相当稳健的。
Current refining margins are not high but have moved off their recent lows and look reasonably healthy from a longer term perspective.
与上一季度相比，整个集团公司超低的成本能够大大抵消较低的石油和天然气价格及炼油利润带来的影响。
Compared with the previous quarter, lower costs throughout the Group more than offset the impact of significantly weaker oil and gas prices and refining margins.
“所有这些多余的储量会使得全球的炼油利润至少在5到6年内一直处于压力下”，Wood Mackenzie咨询公司的FrancisOsborne这么认为。
All this extra capacity will keep global refining margins under pressure for at least another five or six years, believes Francis Osborne of Wood Mackenzie, a consultancy.
而且，尽管美国和欧洲的炼油行业利润增长缓慢，但这项业务在其他地区可能反而是优势。
Also, profit growth in refining may be slow in the U.S. and Europe, but having that ability can be an advantage in other places.
炼油的利润，曾一度达到4.5美元一桶，现在却跌落至以前的十分之一且仍在继续下跌。
Refining margins, having touched $4.50 a barrel, are down to one-tenth of that and still falling.
柴油所带来的利润不足以冲抵燃油的损失，造成一些重油炼油厂无利可图。
That makes processing heavy oil unprofitable for some refineries, since the gains from diesel are outweighed by losses on fuel oil.
但炼油的微薄利润并不妨碍新兴经济中的石油公司收购精炼厂。
But refineries' weak margins are not deterring oil firms from emerging economies from buying them.
但昭和壳牌将其赚钱能力依据大好的炼油业务的利润让位给太阳能业务是个赌注。
But funneling profit from still-cash-rich oil refining into Showa Shell's solar operations is a gamble.
炼油生产企业是流程工业的典型代表，激烈的市场竞争使炼油企业提高利润和减小成本的压力越来越大。
Refinery production enterprise is a typical representative of process industry, which meets the growing pressure of improving profits and reducing cost from market competition.
而且，尽管汽油消费比去年同期下降了2%，但由于炼油企业一味追求高额的利润，汽油库存依然逆市增加。
Likewise, gasoline inventories are building counter-cyclically as refiners chase stubbornly high cracking margins and consumption runs at -2% year-over-year.
炼油商将原油转化为汽油的花费大约每升3-4分钱，而汽油零售价则取决于纽约期货交易市场的汽油交易批发价、税收、以及销售利润。
While it takes 3 -4 cents per litre for refiners to convert from crude to gasoline, retail gas prices are based on the wholesale cost of gasoline price at NYMEX, taxes, and the retail margin.
炼油商将原油转化为汽油的花费大约每升3-4分钱，而汽油零售价则取决于纽约期货交易市场的汽油交易批发价、税收、以及销售利润。
While it takes 3 -4 cents per litre for refiners to convert from crude to gasoline, retail gas prices are based on the wholesale cost of gasoline price at NYMEX, taxes, and the retail margin.
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