HOUSTON (Reuters) -Houston-based oil producer Hilcorp is evaluating Phillips 66's refinery in Alliance, Louisiana, for conversion into an oil export terminal, said four sources familiar with the matter, a move that would eliminate it as a source of motor fuels. Hilcorp, the largest privately owned U.S. oil producer, with operations from Alaska to Pennsylvania to Texas, did not reply to questions about its interest in the facility, which occupies 2,400 acres along the Mississippi River. Phillips 66 declined to comment on a buyer's possible visit to the refinery this week.
Tempur Sealy, Blue Bird, Valero Energy, PBF Energy and Phillips 66 highlighted as Zacks Bull and Bear of the Day
It's time to keep an eye on oil refiners since the biofuel blending requirements could possibly get substantially lowered. Valero (VLO), PBF Energy (PBF) and Phillips 66 (PSX) are well poised to gain.