U.S. refiner Marathon Petroleum Corp reported a smaller adjusted loss for the first quarter on Tuesday, from the previous three-month period, as the mass rollout of COVID-19 vaccines helped drive a rebound in fuel demand. Source: Industry Insights

Operators of U.S. Midwest refiners, including BP, Marathon Petroleum Corp and Cenovus, are hiring lower-cost subcontractors to handle massive, months-long maintenance projects, setting aside longtime unionized workers, six sources familiar with the projects told Reuters. Source: Industry Insights

In recent trading, shares of Marathon Petroleum Corp. (Symbol: MPC) have crossed above the average analyst 12-month target price of $54.36, changing hands for $55.44/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade Source: Industry Insights

Thirteen U.S. oil refineries released the cancer-causing chemical benzene in concentrations that exceeded federal limits last year, three more than in 2019, according to government data published by the green group Environmental Integrity Project on Wednesday. Source: Industry Insights

Thirteen U.S. oil refineries released the cancer-causing chemical benzene in concentrations that exceeded federal limits last year, three more than in 2019, according to government data published by the green group Environmental Integrity Project on Wednesday. Source: Industry Insights

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (Symbol: MPC), where a total of 23,953 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to Source: Industry Insights

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Energy Select Sector SPDR— Fund (Symbol: XLE) where we have detected an approximate $62.2 million dollar outflow — that’s a 0.3% decrease Source: Industry Insights

Unfortunately, investing is risky – companies can and do go bankrupt. On the other hand, if you find a high quality business to buy (at the right price) you can more than double your money! For example, the Marathon Petroleum Corporation (NYSE:MPC) share price has soared 101% Source: Industry Insights

The Nasdaq index looked set to open lower on Monday as big technology stocks retreated ahead of first-quarter results later this week, while investors awaited clarity on a new tax plan from President Joe Biden. Source: Industry Insights

Inadequate safety standards at Marathon Petroleum’s St. Paul Park refinery in Minnesota have caused avoidable hydrocarbon and chemical releases that pose a threat to the community, a local worker advocacy group said in a report on Sunday, as a lockout of unionized plant workers extends into its third month. Source: Industry Insights