Phillips 66 highlights shipping control as key to energy supply at Baker Institute summit
PSX•Phillips 66 global trading chief Mark Senn outlined supply strategies at Rice University's Baker Institute energy summit, citing the company's 2-million-barrel-per-day refining system and control of a large portion of its delivery fleet.
1. Supply and shipping strategy
Mark Senn said Phillips 66's 2-million-barrel-per-day refining system offers flexibility as crude availability grows while Russian refinery disruptions and reduced Chinese exports tighten refined-product supply. He said control of a large portion of the company's delivery fleet helps maintain customer access as shipping routes lengthen, and emphasized disciplined market analysis as volatility makes traditional risk measures harder to interpret.
