This article was written by Claudio Lubis. It appeared first on the Bloomberg Terminal. The capacity of the global oil refining sector contracted by 350,000 barrels per day in the second quarter of ...

Phillips 66 (PSX) -0.8% in early trading Monday after unveiling a $2.4 billion capital budget for 2026, slightly above its forecast for the current year, focusing growth capital in its natural gas ...

Phillips 66 aims to expand midstream and refining projects with a $2.6-million 2026 capital budget that includes $1.1 billion for sustaining capital and $1.3 billion for growth capital. In the ...