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 youre a refinery bringing in...