Leading U.S. Refiner: Expect Tight Gasoline And Diesel Supply This Summer ...Middle East

Gasoline and diesel supplies will be tight this summer, according to U.S. oil refiner Phillips 66. At the same Goldman Sachs Global Energy and Clean Technology Conference in Miami where Pioneer Natural Resources CEO predicted that the Saudis wouldn’t let the Brent barrel stay around $75, Phillips 66 vice president warned that the world has already seen a loss of 4.7 million bpd in refining processing capacity. “Last summer, we saw demand back close to 2019 levels and saw margins, frankly, I didn’t think we’d see and hadn’t…

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