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According to Bloomberg sources, Pemex is planning to up domestic refinery runs by 200-300kb/d in 2022 Having stabilized upstream volumes, with production increasing in 2020 for the first time since at least 2004, Pemex may be turning its focus to the downstream business The Company had planne...
JPMorgan analyst Gresh appears to be biding time with his refinery ratings, as he is now overweight the three largest, most diverse refiners ((NYSE:VLO), (NYSE:MPC), (NYSE:PSX)) and underweight the smallest, pure-play refiners ((NYSE:CVI), (NYSE:DK), (NYSE:PBF)) With the sector trading below ...
--News Direct-- Leaders from Marathon Petroleum’s Garyville refinery announced a second round of community investment grants to support the ongoing relief and rebuilding efforts in St. John the Baptist Parish, home to the Garyville refinery. Just days after Hurricane Ida caus...
I screened the holdings of the Vanguard Value ETF for stocks whose P/E ratios, prices relative to 1 Year Targets, EPS growth rates, and dividend growth Rates make them appealing. Only 23 of the ETF's 347 holdings passed these screens. Many of those that did were strongly cyclical or a...
--News Direct-- MADISON, Wis., December 2, 2021 /3BL Media/ - Virent contributed to an aviation industry first, as United Airlines flew an aircraft full of passengers using 100% sustainable aviation fuel (SAF) in one engine and petroleum-based jet fuel in the other. Virent, a Marat...
Monthly update of the Dividend Champions List. 75 companies declared higher dividends in the past month, with an average increase of 8.55% over their previous payouts. Eight new Contenders, and two new Challengers. For further details see: Dividend Champions For December...
Deputy Energy Secretary Turk out with comments at the Reuters Next conference, indicating the Biden White House is continuing to study a possible reinstatement of the crude oil export ban Refiners, including Valero (NYSE:VLO), Marathon (NYSE:MPC), PBF (NYSE:PBF), and Delek (NYSE:DK) are outpe...
WTI and Brent crude oil benchmarks both plunge more than 10% as a newly discovered coronavirus strain sparks fears over the global economic recovery and the potential effects on travel and oil demand. U.S. crude for January delivery (CL1:COM) -11.5% to $69.32/bbl for its biggest drop sin...
The recently announced Strategic Petroleum Reserve ("SPR") release shows the White House doubling down on its view that oil prices will fall in 2022 32m of the 50m barrel release will come as an "exchange" of barrels, whereby participants will receive barrels today in exchange for an ob...
MPLX maintains a high quality asset base and has the backing of Marathon Petroleum as its key customer. It has seen pipeline volume growth, and is benefiting from higher NGL prices. Meanwhile, MPLX maintains a strong balance sheet. Management is focused on share buybacks and the d...
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Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region PR Newswire AUSTIN, Texas , July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE: M...
An emergency food pantry in Dickinson, North Dakota, recently got help in meeting local needs after issuing a public call for assistance via social media. The Association to Meet Emergency Needs pantry needed to replenish its supply shelves, prompting support from Marathon Petroleum's Dick...
NORTHAMPTON, MA / ACCESSWIRE / July 16, 2024 / Marathon Petroleum Corporation The Port of Long Beach, California, is supporting an effort to reduce debris in the port with devices that collect trash from the surface of the water. Marathon Pipe Line installed two electric trash skimmers ...