Markets generally obsess over the direction of crude oil’s price. Yet the value of the black stuff only really reveals itself in the refining process. Few of us can do much with a barrel of crude. But turn that into petrol or jet fuel and then we are really going places. Transport accounts for well over half of the consumption of oil. Refining helps produce industrial chemicals as well.
市场通常对原油价格的走向感到困扰。然而，原油的价值只有在提炼过程中才能真正显现出来。我们中很少有人能用一桶原油做很多事情。但将其转化为汽油或航空燃料，我们就能大有作为。交通运输占石油消耗量的一半以上。炼油也有助于生产工业化学品。
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