Dec 16 (Reuters) - U.S. refiner Phillips 66 on

Monday forecast slightly lower spending in 2025, as it expects

decreased disbursement in its core refining segment.

U.S. refining margins are expected to stabilize next year,

according to data from the Energy Information Administration,

backed by an uptick in industrial demand and refinery closures,

including Phillips 66's Los Angeles area plant.

The company forecast refining segment spending of $822

million, compared with $1.07 billion in expected expenditure for

the unit in 2024.

The company expects its overall expenditure to be $2.1

billion next year, compared with the $2.2 billion it had

projected for 2024.