MPC News and Press, Marathon Petroleum Corporation From 05/27/22

--News Direct-- The Detroit refinery hosted a Small Business Saturday event in April to highlight local vendors in the community and help stimulate the local economy. This community fair was part of the refinery’s second annual Fueling Detroit Event Series. Nearly 300 residen...

Shortly following Russia's invasion of Ukraine, commodity strategists and investors worked feverishly to forecast the impact of sanctions and self-sanctioning activity on global energy supplies. Estimates ranged from no impact to a ~3.0mb/d loss in global oil production; however, recent data ...

Regulations mandate US oil refiners do not blend low-cost products like butane into the gasoline pool during summer, as the blended components increase smog. However, the Biden Administration is reportedly considering a suspension of the mandate, in a move that could lead to lower prices at t...

Over the weekend, Saudi's energy minister told the Financial Times that the Kingdom plans to "work out an agreement with OPEC+ .. which includes Russia." Since Russia's invasion of Ukraine, Saudi has been consistent in messaging that the cartel "should not play politics" and that managing oil...

The White House has become increasingly aware of the "worrisome decline" in diesel inventories in the Northeast. According to sources cited by CNN, the White House is considering a release of strategic stockpiles to combat the crisis. Given the reduction in East-coast diesel inventories of ~4...

Much ink has been spilled over the companies and sectors benefitting most from the pandemic. Behavioral changes stemming from health concerns, paired with historic fiscal and monetary stimulus, fueled share price performance for many perceived "pandemic winners." Salesforce (CRM) replaced Exx...

The US Department of Transportation reported Thursday that total miles driven in the US surpassed pre-pandemic levels. Americans drove 277.4b miles in March, up from 272.4b miles during the same month in 2019 (+1.8%), and up from 269.4b miles in March 2021 (+3.0%). Prices at the pump made all...

--News Direct-- View additional multimedia and more ESG storytelling from Marathon Petroleum Corporation on 3blmedia.com View source version on newsdirect.com: https://newsdirect.com/news/marathon-petroleum-and-mplx-gandp-earn-2021-cn-safe-handling-award-664550834

Bioenergy, a form of renewable energy derived from organic materials (or biomass), will play a pivotal role in helping the world achieve net-zero emissions by 2050. The main federal policy to support the US biofuels market is the renewable fuel standard (RFS), which requires refiners ...

The White House is planning a meeting between the crown prince of Saudi Arabia, Mohammed bin Salman, and President Biden. Biden had previously referred to the Prince as "the pariah" and said he has "no redeeming social value;" statements which likely led to Saudi declining an invitation to sp...