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Wednesday, March 20, 2013
Phillips 66 Signs Deals to Boost Oil Deliveries by Pipe, Rail
Bloomberg: Phillips 66 (PSX) will increase deliveries of cheaper crudes to its refineries nationwide by as much as 130,000 barrels a day under three transportation deals and a new investment. The steps announced by the company today are the latest in a series of moves by Phillips to take advantage of rising North American oil production, following rail-car and tanker-ship orders and a 50,000-barrel-a-day deal with Global Partners LP. (GLP) "It solidifies the idea that if you're a refinery bringing in...
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