MPC News and Press, Marathon Petroleum Corporation From 06/14/22

--News Direct-- Marathon Petroleum’s Transport and Rail (T&R) organization has announced two new partnerships with the Women in Trucking Association (WIT) and the Women in Trucking Foundation . Leaders recognize that industry associations that connect us with qualifie...

BMO initiated coverage of the "big 3" US refiners Tuesday, capturing all the well-understood themes in the sector. Rebounding demand, paired with reduced supply has resulted in elevated margins -- BMO sees the large-cap refiners trading at 6.2x 2022 earnings. The bank notes that "valuation is...

Wells Fargo analyst Roger Read has been bullish on the refining sector since late 2021; with Tuesday's upgrade of PBF (PBF) the analyst is now buy-rated on every US refiner under coverage. In a note Tuesday, Wells updated Q2 estimates, showing just how impactful current margins could be ...

In April, despite increased refining runs and reduced domestic demand, China saw oil product exports collapse year on year. May trade data, published Thursday, showed a continued reduction in exports, down 40% year on year and ~15% month on month:  Although reduced exports are sure to im...

This is an intersection of some expanded coverage I am doing on energy, as well as dividend-paying stocks. I used Stock Rover to screen all energy stocks on major American exchanges to find about 100 energy companies paying dividends, most were high risk. I am not excited about oi...

The stock of Phillips 66 has been left in the dust by its larger refining peers Valero and Marathon. Yet the lack of global refining capacity is just as much a positive catalyst for PSX, and PSX's two refineries in Europe are ideally positioned. Given the current macro environment...

--News Direct-- “This is the worst it has ever been,” said Gwendolyn Bernard, a lifelong resident of St. John the Baptist Parish in Louisiana. Her home, one of seemingly too many to count, suffered extensive damage due to Hurricane Ida’s intense winds and the unprec...

There's a lack of adequate refining capacity because of refinery closures due to COVID-19, natural disasters, and the economic reality of the last few years. As a result, refiners are now in an excellent position to profit from crack spreads that have blown out - especially for diesel...

Europe has announced measures to phase out Russian oil (USO) imports in 2022; however, the impact on global supply and demand could be limited, as seaborne exports re-route to other markets. Importantly, Europe also plans to ban distillate imports (heating oil, diesel, jet fuel); a much more ...

Crude oil prices pushed past $120/bbl to their highest levels in three months on Monday after Saudi Arabia raised the official selling price of its Arab light crude to Asia, but eased lower by the close of trading. "Energy traders are confident this oil market will remain tight given the shor...