MPC News and Press, Marathon Petroleum Corporation From 07/06/22

Crude oil futures extended their losses on Wednesday following yesterday's brutal selloff, with Brent futures now joining WTI in dipping below $100/bbl amid ongoing worries about a recession that would hurt energy demand. August WTI crude ( CL1:COM ) -3.2% at $96.27/bb...

India announced restrictions on gasoline and diesel exports Friday, in a move that could further tighten global oil product markets. The country exported 1.4mb/d of gasoline and diesel in May, and the government would like to see more product sold into the domestic market. The new syste...

Short-term market outlook through 2023. Long-term market outlook through 2050. Growth in natural gas liquids v. no growth in petroleum use. Results in need for NGL infrastructure and oversupply of petroleum infrastructure. An NGL DIY portfolio has advantages over KYN, but ...

KYN is the largest energy infrastructure closed-end fund of $1.5 billion. Its long-term return has been low and maximum drawdown high. It aims to position for the energy transition. But the largest allocations include petroleum. A natural gas liquids-centric portfolio woul...

--News Direct-- Using the internet is a routine part of life across most of the U.S., but not in the 79905 ZIP code of El Paso, Texas. This section of the city faces a technology gap, or digital divide, which refers to limited broadband internet access because of a lack of availability ...

MPLX is one of our favorite midstream equities at its current price. Valuation range: $35 to $43. Price target: $39, which is 36.8% higher than the current unit price. For further details see: MPLX: Buy This 10% Yield At A Steep Discount To Value

PBF is a large independent US oil refiner. Its share price ROR has lagged its peer group for poor profitability. It lost money in Q1'22 despite higher refinery margins. But market fundamentals are supportive and crack spread futures are at record highs. The Company should ...

Shares of energy companies fell sharply on Thursday, again sitting at the bottom of the S&P 500 leaderboard, as signs of slowing consumption sent oil prices sliding to six-week lows. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) closed -3.7%, slumping 25% from its peak in early June an...

Energy Secretary Jennifer Granholm met with executives from Exxon (XOM), Chevron (CVX), Shell (SHEL) and Marathon (MPC) Thursday to discuss a response to elevated prices at the pump. According to the Wall Street Journal, executives and policy makers showed a genuine interest in finding s...

In a letter to the President Thursday, four Democrat Senators urged Biden to utilize "the full range of authorities at your disposal, including those under the National Emergencies Act and the Defense Production Act. This includes your authority to limit oil exports under 42 U.S.S. 6212a." Th...