Marathon Petroleum CEO Expecting Flat 2018 Demand

The transcript discusses recent MPLX transactions, including cash flow and IDR rights exchange, and outlines a capital return program with increased dividends and share buybacks. It highlights investment opportunities in refining, midstream, and retail sectors, noting strong demand and favorable market conditions. Labor costs are rising, particularly in retail, and the company is exploring M&A opportunities. Oil prices are expected to remain stable, with demand predicted to be flat or slightly up. The company is strong in the Permian and Marcellus Utica regions, with increased production and a focus on inventory management.

What was the increase in production in the Marcellus and Utica last year?

What is the expected global increase in demand for crude oil this year?

How does the speaker view the balance of total inventory across the globe?