The Zhitong Finance App learned that Phillips 66 (PSX.US) executives, one of the US oil and gas giants, recently said that refined fuel producers, which are enjoying a sharp rise in profits, are likely to continue to obtain unusually strong profit margins in the next quarter and beyond. Currently, the global refining boom is still on an upward trajectory. Its essence is a “supply gap for refined oil products” rather than simply a high crude oil price-driven boom. Refinery utilization, cracking price differences, energy export demand, and cash flow growth rates are simultaneously strengthening, and the operating performance of individual energy companies has exceeded expectations by chance.

The Zhitong Finance App learned that Phillips 66 (PSX.US) executives, one of the US oil and gas giants, recently said that refined fuel producers, which are enjoying a sharp rise in profits, are likely to continue to obtain unusually strong profit margins in the next quarter and beyond. Currently, the global refining boom is still on an upward trajectory. Its essence is a “supply gap for refined oil products” rather than simply a high crude oil price-driven boom. Refinery utilization, cracking price differences, energy export demand, and cash flow growth rates are simultaneously strengthening, and the operating performance of individual energy companies has exceeded expectations by chance.