Post Tagged with: "Covic-19 lockdowns"

Marathon Petroleum cuts spending by $1.4 billion as virus saps fuel demand

Marathon Petroleum cuts spending by $1.4 billion as virus saps fuel demand

Reuters

U.S. oil refiner Marathon Petroleum Corp (MPC.N) on Tuesday cut spending by 30% and detailed other measures to reduce costs, as widespread lockdowns to curb the spread of the COVID-19 pandemic pummel demand for oil and gas.…

May 5, 2020 - 9:00 am — Closing Bell Story‎, Commodity Pricing, Corporate Governance, Crude Oil News, Energy News
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