Maintenance at Phillips 66's (PSX +0.6%) 146K bbl/day refinery in Borger, Tex., is taking longer...

|About: Phillips 66 (PSX)|By:, SA News Editor

Maintenance at Phillips 66's (PSX +0.6%) 146K bbl/day refinery in Borger, Tex., is taking longer than expected but the company expects it to restart this weekend followed by a multi-day ramp-up period. The outage has been the major contributor to the recent blowout in WTI-Midland spreads; WTI-Midland is trading at ~$66/bbl, $20 below WTI-Cushing.