Current refining margins are not high but have moved off their recent lows and look reasonably healthy from a longer term perspective.

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。

youdao

Global refining margins have improved significantly in recent weeks which should support strong demand for crude and lend some strength to both spot prices and spreads in the short term.

全球炼厂利润率近几周大幅上升，这应该可以在短期内支撑强劲的原油需求，提振现货价格及价差。

youdao

While refining margins for making diesel and other distillates have continued to deteriorate this has been more than offset by a sharp improvement in gasoline prices and margins.

虽然生产柴油及其他馏分油的精炼利润率继续下滑，但完全被汽油价格和利润率的大幅提升所抵消。

youdao

However, net earnings from downstream operations could potentially suffer because of low refining margins.

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If increased operating costs lowers refining margins, then it could possibly justify the haircut in stock value.

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Despite tight gasoline supplies and record refining margins, no new refinery has been built in America for 20 years.

FORBES