Magellan Midstream Partners LP News

By Peter Graham One aspect of the federal belt-tightening in recent months has been the fact that the bio fuels industry is not sure it can trust the federal government to meet its promises.

Magellan Midstream was upgraded by equities research analysts at Ladenburg Thalmann from a "neutral" rating to a "buy" rating in a research note issued to investors on Wednesday.

Magellan Midstream Partners LP plans to begin by 2013 its project to ship oil from increasingly productive south Texas fields to the refining belt along the U.S. Gulf Coast despite lacking enough shipper interest to fill the line, the company said Tuesday.

Magellan Midstream 's stock had its "neutral" rating reiterated by Zacks Investment Research in a research report issued to clients and investors on Monday.

The company's principal business activities include transportation, storage, and distribution of refined petroleum products.

Magellan Midstream 's stock had its "buy" rating reiterated by research analysts at Wunderlich in a report issued on Friday.

As previously announced, Magellan is in the process of reversing and converting its pipeline from Crane, Texas to Houston for crude oil service.

A gasoline distribution company is apologizing for mistakenly providing gas stations in eastern Iowa with a blend containing a small amount of ethanol.

A gasoline distribution company is apologizing for mistakenly providing gas stations in eastern Iowa with a blend containing a small amount of ethanol.

The nation's largest ethanol producer is putting its plan to build a dedicated ethanol pipeline on hold because of the lack of prospect for a federal loan guarantee.