Phillips 66, Marathon cut imports as hurricanes, pandemic roil oil shipping November 15, 2020 The west-Atlantic hurricane season has had the worst impact on the offshore oil industry in at least 10 years with 40.9 million barrels of lost capacity compared to 9.3 million tons in 2019. Demand for refined oil in the U.S. has been falling during the pandemic. U.S. seaborne imports of crude... Read more →
Marathon’s import sprint may be ended by coronavirus, OPEC+ deal April 15, 2020 The U.S. oil industry has faced pressure both from a coronavirus-linked drop in demand for fuel as well as the Russia-Saudi Arabia price war. The latter has been resolved in part via the recent OPEC+ deal but the former continues to be a challenge. Marathon has reduced runs at its Gallup, NM r... Read more →
United States
中文