at that rate

[Introduction to] September oil refining industry profit of about 400 million, in September before the whole industry a net loss of only $ 1.17 billion, with two major oil companies in September before losing $ 64.5 billion difference huge, raises questions. Report from (reporter Zhong Jingjing) development and Reform Commission revealed yesterday, according to September oil refining industry profits, profits of about $ 400 million. However be refining industry annual crude oil priceOverall high impact September before a net loss of $ 1.17 billion. Even 4 months after its first profit yesterday, China Petroleum and chemical industry Federation (Federation of petrochemical) also revealed that this is oil refining sector for 4 consecutive months following the loss of earnings for the first time. According to the refining industry development and Reform Commission has previously disclosed according to the refining industry 7.2 billion yuan in profits in the first half, then 7Month one-month loss of $ 4.8 billion, in addition in August before refining industry losses of $ 1.84 billion, which could calculate that the August monthly amount to $ 4.24 billion. After development and Reform Commission said, "May refining industry from profits to losses, year highs out June 7 August losses had eased. "This judgement, oil refining industry 5Months of losing money, but earnings have continued to hold up well. Guosen securities yesterday also reported in the third quarter, under the influence of factors such as the European and American debt crises, international oil price shocks downward. Oil prices expected to remain volatile downward pattern swtor power leveling, oil refining margins will continue to improve. 24th WTI oil prices close 95.85 USD, the price has more than the US $ MayPrices fell by nearly 20 dollars. Other refinery 63.33 billion profit? From the perspective of development and Reform Commission disclosure of data, in September before refining industry as a whole a net loss of $ 1.17 billion, this data and the two largest oil companies huge September $ 64.5 billion oil refinery losses before the data is very different from. Prior to this, PetroChina and Sinopec's results showed that refining losses the first three quarters, respectivelyA $ 41.5 billion and $ 23.09 billion for a total of $ 64.5 billion. Industry-wide losses are only two major oil companies to the amount of 1.8%. It is understood that the development and Reform Commission, data from the Bureau of statistics for data gap is so great, Petrochemical Association appeals against reporters, apparently other refiners ' hedge earnings of two major oil companies refining losses.He said that refineries in the country more than more than 340, although two major oil company refinery losses, but some local refineries remained profitable, industry-wide losses overall is very low. On this statement, have expressed doubts the industry, saying the two major oil company refinery in September before huge losses $ 64.5 billion, and $ 1.17 billion industry-wide losses only, at that rate the old republic power leveling, other oil refineryEnterprises should first 9-month earnings amounted to $ 63.33 billion, the result is a bit hard to believe. Yesterday, reporters asked the national development and Reform Commission on this issue, at the time the closing did not receive reply. And the industry also means that, for the country to refining and profitability of the enterprise, it is difficult to have a comprehensive set of statistics. Explanation to explain a refining and flexible production result in profit for refining profitLee, while the two loss-making weird like, Petrochemical Association of people concerned believe that when a loss occurs in oil refining, the two major oil companies even losses to continue production for, while local refineries are more flexible and can arrange production according to market circumstances, earnings and more time to produce losses when produced, it can be profitable. Explain two low cost lead smelting profitAnalyst Liao Kaishun analysis of trade information, smelting raw materials with the exception of two major oil companies outside the internal redeployment of a small amount of crude oil, mainly imported fuel oil, as well as poor quality diesel, costs are relatively lower, so most refineries to be able to profit, total profit might be better. Explain 32 single large clamping enterprise data loss issues in this regard, also quoted market analystsLosses are two major oil companies own "do", company to higher crude oil prices recorded do natural cause the oil refining sector losses. ����However this claim with some in the industry is not authorized, and said domestic crude oil prices would have to achieve and international synchronization, it is common knowledge that, even if it is their own business must also be settled according to international oil prices. 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