摘要
Sinopec, Asia’s largest refiner, hasn’t really benefited from recent declines in global crude oil prices, because its refining costs still far exceed domestic oil product prices. China caps
Sinopec, Asia＇s largest refiner, hasn＇t really benefited from recent declines in global crude oil prices, because its refining costs still far exceed domestic oil product prices. China caps refined oil product prices at relatively low levels by world standards. Sinopec said that although lower world prices would reduce import costs, global crude prices were still well above the break-even point of 80 U.S. dollars/bbl for Asia＇s largest oil refiner. Sinopec imports about 80 percent of the crude it refines.
