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Phillips 66 Expects Soaring Fuel Margins to Last Into 2027

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Phillips 66 Expects Soaring Fuel Margins to Last Into 2027 Fuel-makers enjoying skyrocketing profits will likely keep reaping standout margins through the next quarter and beyond, according to an executive from a top US refiner. The impacts of supply disruptions from the war in Iran look set to weigh on markets for fuels such as gasoline and diesel through 2027, said Brian Mandell, executive vice president of marketing and commercial at Phillips 66, on an earnings call Wednesday.

Phillips 66 Expects Soaring Fuel Margins to Last Into 2027 Fuel-makers enjoying skyrocketing profits will likely keep reaping standout margins through the next quarter and beyond, according to an executive from a top US refiner. The impacts of supply disruptions from the war in Iran look set to weigh on markets for fuels such as gasoline and diesel through 2027, said Brian Mandell, executive vice president of marketing and commercial at Phillips 66, on an earnings call Wednesday.
Phillips (ORG) US (LOCATION) Iran (LOCATION) Brian Mandell (PERSON) Phillips 66 (ORG)
Originally published by Bloomberg Markets Read original →