Go West: Nigerian oil skirts U.S. shale boom in journey to California [Reuters]
Marathon Oil Corporation (MRO)
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Source: Reuters
Go West: Nigerian oil skirts U.S. shale boom in journey to California LONDON/LAGOS (Reuters) - Nigeria’s oil, displaced by U.S. shale, has found an unlikely new outlet this year: the coast of the continental United States that is farthest from the African country’s shores. The shale boom has upended the global market, turning the United States from a keen buyer of Nigerian oil to an aggressive competitor. But no pipelines easily connect the shale hub at the Permian basin, located in Texas and New Mexico, to the West Coast, driving the latter to look to Nigeria to quench its thirst for crude. Early this year, Californian refineries began loading up on Nigerian oil – taking cargoes of Qua Iboe, Bonga, Erha, Forcados and others, according to traders and Refinitiv Eikon data. (Graphic: Nigerian oil to U.S. West Coast, here The more than 6 million barrels that the U.S. West Coast imported from Nigeria between April and August this year was almost four times higher than the amount for all o
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News
- Marathon Oil Corporation Announces Pricing of Offering of $600 Million of Senior Notes Due 2029 and $600 Million of Senior Notes Due 2034PR Newswire
- Marathon Oil Co. (NYSE: MRO) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $26.50 to $30.00. They now have a "neutral" rating on the stock.MarketBeat
- Marathon Oil: Strong Setup For 2024 [Seeking Alpha]Seeking Alpha
- Marathon Oil (MRO) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Marathon Oil (MRO) Up 13.4% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 2/21/24 - Beat
MRO
Sec Filings
- 3/28/24 - Form 4
- 3/28/24 - Form PRE
- 3/28/24 - Form 8-K
- MRO's page on the SEC website