Phillips 66 posts wider-than-expected loss on pandemic hit

Phillips 66 posts wider-than-expected loss on pandemic hit
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01.02.2021

MOSCOW (MRC) -- Phillips 66 reported a wider-than-expected loss on Friday, as rising oil prices and lower fuel demand hit the US refiner's marketing and specialties business, reported Reuters.While crude prices rallied more than 20% in the last quarter, driven by optimism over the development of COVID-19 vaccines, refiners struggled with uneven demand for fuel and related products as fres

Full article at mrcplast.com

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