Magellan Midstream Partners LP News

Magellan Midstream Partners LP may build a pipeline extension connecting its network to its terminals in central Arkansas, where the imminent shutdown of a separate distillate pipeline has raised serious concerns about supply in the state.

U.S. Midwest gasoline tumbled for a fifth day, reaching the narrowest premium to New York futures in two weeks, on speculation that demand is weakening as regional shortages ease.

The recent surge in gasoline prices in Oklahoma could curb Memorial Day travel somewhat, but many state residents still are expected to plan trips for the holiday, a new report says.

Double Eagle Pipeline LLC has begun moving Eagle Ford condensate from Three Rivers, Texas, to Magellan Midstream Partners LP's ( The startup of the condensate pipeline is part of a $150 million project that includes 140 miles of new 12-inch pipeline that connects to an existing Kinder Morgan 50-mile, 14- and 16-inch pipeline.

Light, sweet crude in Houston has weakened to a bigger discount to oil in Louisiana and to international benchmark Brent because of shipping constraints.

The firm currently has an "outperform" rating on the stock. A number of other analysts have also recently weighed in on MMP.

The firm currently has a "hold" rating on the stock. Several other analysts have also recently commented on the stock.

Magellan Midstream issued an update on its FY13 earnings guidance on Thursday morning.

Magellan Midstream Partners LP said its reported release of an unspecified substance into a waterway at Franklin Park in Cook County, Illinois did not occur on company property and its terminals and pipelines were not affected.

Marathon Oil Corp. executive Wade D. Hutchings has been added to the board of directors for the Oklahoma Energy Resources Board.

The board of directors of Magellan Midstream Partners LP has increased the partnership's quarterly cash distribution to 50.75 cents per unit for the period Jan.

"After reviewing the facts of this case and testimony from all sides of the issue, Governor Fallin determined that Mr.

Magellan Midstream declared a quarterly dividend on Thursday, April 25th, Stock Ratings Network reports.

Diesel prices are surging in the U.S. Midwest as farmers prepare to plant a record amount of crops this season, eating into below-average fuel supplies.