PSX News and Press, Phillips 66 From 03/17/22

The stock market has been experiencing high volatility due to surging inflation, the Ukraine-Russia war, and multiple interest rate increases planned by the Fed this year. So, investors looking to side-step the market’s volatility could be well served by betting on high dividend-yieldi...

OVERLAND PARK, KS / ACCESSWIRE / March 16, 2022 / TortoiseEcofin today released additional information regarding the Ecofin Global Digital Payments Infrastructure Index quarterly rebalance for the first quarter of 2022. In addition to the announced changes on March 11, 2022, QIWI Plc will be...

Russia's war in Ukraine revealed several vulnerabilities in global energy markets. The diesel supply has not been a major focus in the press; however, self-sanctioning has reverberated through diesel commodity markets. Shortly following invasion, the price of diesel in Europe spiked to a $50+...

Marathon (NYSE:MPC) (NYSE:MPLX) has resumed flows on its Ozark pipeline in Illinois Wednesday, and the pipe is flowing at ~330kb/d or ~90% of nameplate capacity, following a leak reported late last week. The pipe links Cushing to the Philips (NYSE:PSX) and Cenovus (NYSE:CVE) Wood Ri...

Report describes how the company is preparing for the future by strengthening its culture, building a diverse talent pipeline and evolving its benefits Phillips 66 (NYSE: PSX) today published its 2021 Human Capital Management Report, a comprehensive look at the companyȁ...

Refiners were hit particularly hard in a day that saw oil and gas related stocks post broad losses, as Valero Energy (VLO -6.8%) racked up the biggest loss of the entire S&P 500, with Phillips 66 (PSX -3.7%) and Marathon Petroleum (MPC -2.9%) also down sharply along with crude oil prices....

Two out of the three new deals announced last week were potential deals in the works. Google is paying $5.4 billion to acquire Mandiant. Four SPAC Business Combinations terminated last week. For further details see: Merger Arbitrage Mondays: Google Acquires Cybersecurity...

Following news over the weekend that Russia and Ukraine were nearing a diplomatic agreement, the broader energy complex sold off Monday morning. WTI (NYSEARCA:USO) was lower by ~$8, while the sector (NYSEARCA:XLE) sold off ~4% in early trading. Tellurian (NYSE:TELL) led the way lower, followe...

Over the weekend, Iran claimed responsibility for a missile attack near the US consulate in Iraq, Ukrainian and Russian negotiators pointed to diplomatic progress, several governors called for a Federal gas tax holiday, Boris Johnson set plans to visit Saudi in hopes of advancing oil supply t...

OVERLAND PARK, KS / ACCESSWIRE / March 11, 2022 / TortoiseEcofin today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the first quarter of 2022. Following the close of trading on March 18, 2022, the indices will be rebalanced and as...