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Oil prices have remained largely unchanged on Tuesday (26 March), following an increase the day before. Investors have different assessments of the impact of the loss of Russian oil refining capacity due to recent Ukrainian strikes.
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Marathon reported a rise in its oil and gas output to 404,000 barrels of oil equivalent per day (boepd) from 333,000 boepd in the previous year. This increase in production helped offset decline in crude prices, which fell from their 2022 peaks. Marathon said it U.S. average crude realized price fell to $77.28 per barrel in the reported quarter, from $84.29 per barrel, in previous year.
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