Marathon Petroleum expects elevated refining margins through at least mid-2027
MPC•Marathon Petroleum expects elevated refining margins through at least mid-2027 and record heavy Canadian crude processing in the fourth quarter. It also sees resilient global gasoline, diesel and jet demand and expects lighter turnaround activity in 2027.
1. Refining outlook
Marathon Petroleum said on a conference call that it expects elevated refining margins through at least mid-2027. The company also expects record heavy Canadian crude processing in the fourth quarter.
2. Demand and maintenance
Marathon sees resilient global demand for gasoline, diesel and jet fuel. It expects turnaround activities to be lighter in 2027.
