Phillips 66 Gives Notice of Canadian Crude Force Majeure
Phillips 66 issued notice of force majeure on Canadian crude deliveries due to interruptions in third-party oil production in Canada’s oil sands, according to trading sources.
Phillips 66 delivers crude through pipelines and operates refineries. The refineries are expected to secure oil from other sources, according to a person familiar with the plant’s operations.
Source: www.reuters.com