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04.09.25 - 23:51
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XETR: NEW INSTRUMENT AVAILABLE - 05.09.2025 - US7185461040 (XETRA)
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Das Instrument R66 US7185461040 PHILLIPS 66 DL-,01 EQUITY hat seinen ersten Handelstag am 05.09.2025: CONTINUOUS TRADING WITH AUCTIONS, PAG NAM0, SettlCurr EUR, CCP Y
The instrument R66 US7185461040 PHILLIPS 66 DL-,01 EQUITY has its first trading date on 05.09.2025: CONTINUOUS TRADING WITH AUCTIONS, PAG NAM0, SettlCurr EUR, CCP Y...
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29.08.25 - 03:57
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California Faces High Pump Prices As Phillips 66 Shuts LA Refinery (ZeroHedge)
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California Faces High Pump Prices As Phillips 66 Shuts LA Refinery
By Julianne Geiger of OilPrice.com
Phillips 66 will begin shutting down its 139,000 bpd Los Angeles-area refinery as soon as next week, sources told Reuters, moving forward on a closure plan announced last year. Units at the plant will idle in phases through Q4 2025, with the facility permanently offline by year-end.
The decision isn't a surprise—Phillips 66 said in October it would exit the site, citing “market dynamics.” But it comes with fallout: about 600 employees and 300 contractors will lose their jobs by December, with only a handful reassigned to the company's marine terminal. The company insists it will support workers through the transition, though local officials remain worried about the economic hit.
California, meanwhile, is staring at a bigger problem. Between Phillips 66's LA facility and Valero's Benicia refinery, scheduled to close in 2026, the state is set to lose roughly 17% of its refining capacit...
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