Marathon Petroleum Corp, the largest U.S. oil refiner, said it would lay off about 2,050 employees, or 12% of its workforce, at its U.S. operations, excluding Speedway, as the COVID-19 pandemic crushed global demand for motor fuels. Source: Industry Insights

Marathon Petroleum Corp’s oil-refining unit is cutting at least 6% of its staff, according to people familiar with the matter, demonstrating the depth of declining fuel demand during the pandemic. Source: Industry Insights

Oil prices extended losses on Wednesday on worries that rising coronavirus cases heading into the northern winter would lead to further restrictions on activity and curb demand for fuel. Source: Industry Insights

Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens. Source: Industry Insights

Marathon Petroleum Corp, the largest U.S. oil refiner, on Tuesday began cutting employees at its U.S. operations as the COVID-19 pandemic further narrowed global demand for motor fuels, people familiar with plant operations said. Source: Industry Insights

The following are the top rated Energy stocks according to Validea’s Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growt Source: Industry Insights

The S&P 500 Index (SNPINDEX: ^GSPC) has been doing its best yo-yo impression over the past week. Today’s close was almost 1.8% lower, giving up almost 60 points after gaining 67 points, or 2%, yesterday. It’s the fourth session in the past five market days that the index, Source: Industry Insights