Magellan Midstream Partners LP
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Energy : Oil, Gas & Consumable Fuels | Mid Cap Value
Company profile

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

Closing Price
$44.53
Day's Change
-0.81 (-1.79%)
Bid
--
Ask
--
B/A Size
--
Day's High
45.57
Day's Low
44.35
Volume
(Light)
Volume:
780,123

10-day average volume:
1,009,619
780,123

Global Times editor tweets China could retaliate for Huawei move

7:22 am ET May 15, 2020 (MarketWatch)
Print

Global Times editor Hu Xijin, who is perceived to have close ties to the Chinese government, said China may retaliate if the U.S. prevents microchip shipments to Huawei. "Based on what I know, if the US further blocks key technology supply to Huawei, China will activate the "unreliable entity list", restrict or investigate US companies such as Qualcomm (QCOM), Cisco (CSCO) and Apple (AAPL), and suspend the purchase of Boeing (BA) airplanes," he said over Twitter (https://twitter.com/HuXijin_GT/status/1261250635371909120). Futures on the Dow Jones Industrial Average were recently down 176 points after having been higher in the morning. Reuters reported earlier that the U.S. was moving to block chip sales to Huawei.

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 15, 2020 07:22 ET (11:22 GMT)

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