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.
Stocks · News reference
Jefferies Downgrades Marathon Petroleum to Hold, Announces $413 Price Target
Jefferies analyst Lloyd Byrne downgrades Marathon Petroleum (NYSE:MPC) from Buy to Hold and announces $413 price target.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
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.