Why US Diesel Prices Could Stay High Even If Oil Tumbles: A Global Refinery Shortage
US diesel prices hover near record highs as a global refinery shortage persists. Here's why pump prices may stay high even if oil tumbles after Hormuz reopens.
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Goldman Sachs Maintains Buy on Marathon Petroleum, Raises Price Target to $472
Goldman Sachs analyst Neil Mehta maintains Marathon Petroleum (NYSE:MPC) with a Buy and raises the price target from $376 to $472.
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Shares of oil and gas refining and marketing companies are trading higher after reports suggesting that multiple U.S. industry associations sent a letter to President Trump warning of serious market risks from a proposed 90-ban on diesel exports.
Dozens Of U.S. Oil Refining And Business Groups Urge Trump To Reject Any Effort To Impose Ban On Diesel Exports
- Reuters Citing Letter
Shares of oil and gas refining and marketing companies are trading lower after reports suggesting the Trump administration is considering implementation of a 90-day ban on diesel exports, which would lower domestic prices and refining margins.