US oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than US$1bil, including debt, say sources.
Gas Malaysia Bhd will continue to take prudent measures to maintain its operational efficiency to remain competitive and seek opportunities to grow its business.
Portfolio investors anticipate petroleum prices will remain range bound in the short term so positioning is increasingly focused on expected changes in relative performance among the major crude and fuels contracts.