Bloomberg News

Marathon Gets 1 Million Barrels From U.S. Oil Reserve

August 31, 2012

(Corrects name of company in first paragraph.)

Marathon Petroleum Corp. (MPC:US) will borrow 1 million barrels of sweet crude oil from the U.S. Strategic Petroleum Reserve to resolve short-term supply impacts from Hurricane Isaac, the Energy Department said.

The loan, which is distinct from a release from the strategic inventories, will be provided in response to a request from Marathon under short-term contractual agreements, the agency said today in a statement. 

To contact the reporter on this story: Katarzyna Klimasinska in Washington at

To contact the editor responsible for this story: Jon Morgan at

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Companies Mentioned

  • MPC
    (Marathon Petroleum Corp)
    • $87.2 USD
    • 3.17
    • 3.64%
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