WTI weak in the long run, Marathon says

摘要

Rising US crude output will ensure that midcontinent refiners enjoy more advantageous margins for longer than many experts expect, Marathon Petroleum chief executive Gary Heminger says. Rising output from the Bakken shale formation in North Dakota and from Canada has kept refiners in the midcontinent well supplied with cheap, landlocked crude linked to US marker WTI. WTI has been at a discount of $13/bl to Atlantic basin benchmark North Sea Dated in May.