Marathon to Shut Third-Largest US Oil Refinery After Storage Tank Fire
- Garyville plant has suffered three fires in less than a year
- Diesel futures settled at seven-month high on Friday
This article is for subscribers only.
Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank.
The fire at the Garyville refinery in south Louisiana was contained but ongoing late Friday afternoon, according to Marathon spokespeople. It’s the third blaze to strike the plant in less than a year. Parish officials have ordered residents within a two-mile radius to evacuate.