The Ohio-based refiner has indefinitely idled Gallup and Martinez refineries.
Deal with 7-Eleven owners includes 15-year supply agreement.
Given the uncertainty on the depth of the recession, the MPC will have to remain accommodative in its stance and deliver another rate cut of around 25 bps.
Signs of increased deal activity are lifting the market as investors look ahead to more earnings reports from big U.S. companies.
Ahead of the Bank of England's monetary policy meeting on Thursday, the former Governor advises against further money printing
Stock futures were higher as Congress negotiates the next relief package and Eli Lilly announces late-stage trial for Covid-19 drug.
2020 was supposed to be the year of higher refining margins due to a strong economy and the new IMO-2020 rules for cleaner maritime emissions.
The stocks making the biggest moves in premarket trading include ADT, Google, Clorox, Eli Lilly, Marathon Petroleum, and more.

Recap: MPLX Q2 Earnings

11:42am, Monday, 03'rd Aug 2020
Shares of MPLX (NYSE:MPLX) rose 1.1% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 5.45% over the past year to $0.58, which beat the estimate
U.S. stock-index futures on Monday trade modestly higher after wavering in early action in the first trading day in August, with wrangling in Washington over...
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Marathon Petroleum Corp. undefined, fresh from the sale of its gas stations to the owners of the 7-Eleven convenience store chain for $21 billion in the...
Reported net income attributable to MPLX of $648 million and adjusted EBITDA attributable to MPLX of $1.2 billion
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