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Adam Samson 8/3/2020, 1:30:17 PM Refiner Marathon sinks to loss as US fuel demand dries up Derek Brower and Myles McCormick Marathon Petroleum Corp, the US’s biggest independent refiner, reported an adjusted loss of $868m in the first quarter, down from a $1.2bn profit a year ago, as demand for fuel in the world’s largest market remained depressed due to the coronavirus pandemic. The company, which on Sunday announced its plan to sell its Speedway retail unit to Seven & i in a $21bn all-cash deal, also reiterated its intention to “indefinitely idle” its Gallup and Martinez refineries and potentially...
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