Murphy Oil Corp. (MUR) announced that through a subsidiary, it has acquired a corn-based ethanol plant located in Hankinson, North Dakota for $92 million. The purchase price will be financed primarily through non-recourse debt offered via the sellers. Additionally, an estimated $15 million in working capital will be invested into the facility. The plant, which initially began operating in July 2008 before being idled in October 2008, has an annual production capacity of 110 million gallons.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.