Phillips 66 (PSX) says outlook for product markets looks even tighter, expects refining margins to be constructive through the remainder of the year

Phillips 66's outlook indicating tighter product markets and constructive refining margins suggests strong demand or limited supply dynamics in the energy sector.

Newsquawk StaffPublished 29 Apr 2026, 16:29 UTCOn the live feed at 16:09 UTC — 1 more headline followed before this page went public

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16:32

Two Republican-led House committees are probing Airbnb (ABNB) and Anysphere, maker of AI coding platform Cursor, over their use of Chinese AI models, according to documents viewed by Semafor.

16:24

Apple (AAPL) plans a Siri camera mode and upgraded visual AI in iOS 27 and expected to be announced the updates at WWDC event in June

16:09

Phillips 66 (PSX) says outlook for product markets looks even tighter, expects refining margins to be constructive through the remainder of the year

16:08

Porsche (P911 GY) CFO expect further temporary volume impact in Middle East

16:00

Newsquawk Daily US Earnings Estimates - 30th April 2026: CAT, MRK, TT, LLY, BMY, COP, MO, PH, SO, MA, AMGN, SNDK, SYK, WDC, AAPL

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Context

This positive guidance could enhance investor sentiment, leading to upward pressure on PSX shares and influencing the broader energy sector as peers may follow suit if conditions remain favorable.

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