Phillips 66 is a diversified energy manufacturing and logistics company that focuses on the refining, transportation, and marketing of petroleum products. The company operates a network of refineries that produce a wide range of fuels and petrochemical products, contributing to the energy supply chain. Additionally, Phillips 66 is involved in the development of midstream and downstream activities, including the transportation of crude oil and refined products through pipelines and terminals. The company's operations emphasize safety, reliability, and environmental stewardship as they meet the energy needs of their customers while fostering innovation in energy technologies. Read More
Phillips 66 (NYSE: PSX) today announced a robust $2.4 billion capital budget for 2026, signaling a strategic commitment to both the expansion of its core operations and the diligent maintenance of its existing asset base. This significant financial outlay, unveiled on December 15, 2025, positions the energy giant to
Phillips 66 (NYSE: PSX) today announced its 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining capital and $1.3 billion for growth capital.
Global commodity markets are currently experiencing a significant "great divergence" as of December 2025, with a clear split between declining energy prices and robust growth in metals. Brent Crude oil and European natural gas are at the forefront of this energy downturn, facing substantial downward pressure driven by an abundance
Global energy markets are experiencing a profound divergence as 2025 draws to a close, with crude oil prices enduring a significant and sustained decline, while natural gas demonstrates remarkable resilience and growth. This stark contrast, driven by a complex interplay of oversupply, evolving demand, and accelerating energy transition dynamics, is
Crude oil prices saw an upward swing on Wednesday, December 3, 2025, as high-stakes talks in Moscow between U.S. envoys and Russian President Vladimir Putin concluded without a breakthrough on a peace deal for Ukraine. Despite a five-hour meeting described as "very useful" by the Kremlin, no compromise was
The global oil market is experiencing a delicate balance of forces as OPEC+ recently concluded a pivotal meeting, opting to maintain its current oil production levels for the first quarter of 2026. This decision, finalized around December 1, 2025, has sent ripples through the market, sparking an initial, albeit modest,
The global refined products market has witnessed a significant shift, marked by the resurgence of Low Sulphur Gasoil (LSGO) crack spreads climbing back above the critical $30 per barrel threshold. This notable ascent, observed from late 2024 through September 2025, signals a period of robust profitability for refiners and underscores
As late 2025 draws to a close, a notable shift has emerged in the global commodity markets, with gold, silver, and oil prices experiencing a significant retreat from their earlier peaks. This downturn is primarily fueled by a potent combination of widespread investor profit-taking after substantial rallies, the increasing allure
Phillips 66 (NYSE: PSX) today announced it has closed the sale of a 65 percent interest in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of Energy Equation Partners and Stonepeak. Phillips 66 will retain a 35 percent non-operated interest in the new joint venture company which will hold the retail marketing business.
The global oil market is currently gripped by a pervasive bearish sentiment, as traders increasingly position themselves for an anticipated and significant oil glut expected to dominate market dynamics through 2026 and potentially beyond. This outlook is deeply informed by a confluence of surging global supply and moderating demand, with
As millions of Americans prepare to hit the roads for the Thanksgiving holiday in 2025, a significant and welcome trend has emerged: national and regional gasoline prices are hovering at levels not seen in nearly four years. This substantial drop in fuel costs offers a tangible financial reprieve for holiday
JP Morgan has issued a stark long-term outlook for the global crude oil market, predicting that Brent crude prices could plummet to the $30s per barrel by the end of fiscal year 2027. This bearish forecast is primarily driven by an anticipated persistent global supply glut far exceeding demand growth.
XCF Global signed a renewable fuel deal with global energy and commodities group BGN Int. under which the two companies will enhance the sustainable aviation fuel supply chain.
November 18, 2025 – The global oil market is currently navigating a complex and often contradictory landscape, characterized by an overarching sentiment of impending oversupply, yet punctuated by sharp, short-lived price spikes stemming from persistent geopolitical tensions. As of November 2025, benchmark crude prices are under significant downward pressure, with West
Global oil prices have recently experienced a significant downturn, with both Brent and West Texas Intermediate (WTI) crude futures falling to multi-week lows. This sharp dip is largely a consequence of resurfacing concerns over weakening global demand, set against a backdrop of a persistent oversupply and a broader global economic
