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Marathon Petroleum (NYSE:MPC) stated it has extinguished a fire at its 578K bbl/day Garyville refinery in Louisiana, which exploded into flames at ~9:30 this morning native time; 5 folks have been injured within the explosion and hearth, in response to Reuters.
It’s not but recognized if any damages have been vital sufficient to halt processing models on the advanced, however the incident may threaten to reduce fuel supplies and raise pump prices; greater than 10% of refining capability within the area already is idle for repairs and different upkeep work, Bloomberg stories.
Marathon Petroleum shares just lately rose to three-year highs after beating Q4 earnings estimates and building up its stock buyback program.
