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Marathon to increase U.S. crude consumption in fourth quarter
October 26, 2017 / 2:53 PM / a month ago

Marathon to increase U.S. crude consumption in fourth quarter

NEW YORK (Reuters) - Marathon Petroleum Corp plans to process significantly more U.S. domestic crude in the fourth quarter compared to last year as the domestic discount versus global crude widens, the company said in its earnings call on Thursday.

The Ohio-based company said 26 percent of its 1.925 million barrel-per-day throughput in the fourth quarter will be domestic crude, up from 18 percent a year ago.

Reporting By Jarrett Renshaw; Editing by Chizu Nomiyama

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