US’ Marathon Petroleum to trim Q3 refinery runs as turnarounds increase

Marathon Petroleum will run at 94% capacity in the third quarter, down from 100% refinery utilization seen in Q2, because of more Q3 turnarounds at its 13 refineries, company executives said in their second-quarter results call Aug. 2. But positive market conditions for refiners that allowed Marathon Petroleum, the largest US refinery owner, to post $7.76 billion in refining earnings…