Phillips 66 Projects Continued Global Fuel Market Growth

Phillips 66, the second largest US oil refiner, foresees a continuous rise in global demand for motor fuels, despite the plateauing of gasoline usage in the US market. The company, known for its exports of gasoline, diesel, and jet fuel worldwide, is relying on an approximate 2% annual surge in global fuel demand, as stated by Chief Executive Officer Mark Lashier during a meeting with reporters on Tuesday.