Phillips 66 CFO Highlights Impact of Increased Venezuelan Heavy Crude Supply
Kevin Mitchell notes that additional Venezuelan oil would boost overall market supply, particularly of heavy crude grades used in specific refining processes.
Summary
No Summary provided as the original text is short
Terms & Concepts
Heavy Crude: A type of crude oil that is dense and viscous, often requiring specialized refining techniques to produce usable fuels.
Crude Supply: The amount of crude oil available in global markets, influencing prices and refining operations.