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Phillips 66 expects OPEC to extend production cuts at May meeting
April 28, 2017 / 4:54 PM / 7 months ago

Phillips 66 expects OPEC to extend production cuts at May meeting

HOUSTON (Reuters) - Phillips 66 (PSX.N) expects the Organization of Petroleum Exporting Countries to agree to extend crude oil production cuts at the organization’s May 25 meeting, Chief Executive Greg Garland said in a Friday morning conference call.

“I think our base case assumes that there’s extension in May in terms of OPEC,” Garland while discussing the outlook for crude oil supplies during a conference call with Wall Street analysts to discuss first quarter earnings.

Reporting by Erwin Seba; Editing by Chizu Nomiyama

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