MPC · 10-Q · 2026Q3 · Full report

Market Demand Trends

Marathon Petroleum Corp · 2026-11-03 · Importance 37 · Surprise 32

Management reported stable demand for refined products in the third quarter of 2026, alongside higher product prices associated with global crude oil supply disruptions, particularly in the Middle East and Russia. Refined product sales volumes increased 247 thousand barrels per day year over year in the quarter. The company expects global demand growth to outpace the net impact of refining capacity additions and rationalizations through the end of the decade, supporting a constructive environment for U.S. refiners.

Key facts

• Marathon Petroleum expects global demand growth to outpace the net impact of refining capacity additions and rationalizations through the end of the decade. source
• Marathon Petroleum stated that demand growth, together with U.S. refining industry's structural advantages over the rest of the world, is expected to support a constructive environment for U.S. refiners. source
• Marathon Petroleum stated that demand for gasoline and distillate in most of its markets peaks during the May-through-September summer driving season and declines during fall and winter. source