Workers at Largest U.S. Refinery OK Deal
More than 700 union workers at the largest U.S. refinery unanimously approved a new contract in a vote at their union hall in Port Arthur, Texas, on Tuesday night, said union officials. The United Steelworkers union (USW) also said workers at three Tesoro Corp refineries on the West Coast were making progress in finalizing contracts.
Oil Nears Five-Month Highs
Brent, WTI on track for biggest weekly gains in two months; U.S. refineries restarting after hurricane shutdowns. Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July on higher demand forecasts and the restart of oil-hungry refineries in the United States.
Shell 'Optimistic' on U.S. Refinery Contract Talks
Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was "optimistic" a new three-year agreement could be reached with a union representing hourly workers at 63 U.S. refineries that account for two-thirds of U.S. refining capacity. In a message to members, the United Steelworkers union (USW) did not share Shell's optimism…
U.S. Refinery Workers' Contract Talks Moving Slowly
With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company representatives for a new pact were going slow, according to a Twitter message sent to members. "It's time for the industry to get serious about addressing issues that matter to USW members," the message said.
Flooding Knocks Out U.S. Refineries
Harvey brings heavy rainfall, flooding to U.S. Gulf coast. Heavy rains from tropical storm Harvey caused large-scale U.S. refinery outages, pushing up gasoline prices, while crude prices rose in early Asian trade on Tuesday on the back of supply disruptions in Colombia and Libya. Refinery shutdowns from the storm helped push U.S.
U.S. Refineries Strike to Widen
A strike by U.S. refinery workers appears set to widen late Saturday night to 11 plants as walkouts have been scheduled at BP Plc refineries in Indiana and Ohio, a BP spokesman said on Friday night, the sixth day of the strike. Stoppages by hourly workers represented by the United Steelworkers union (USW) are scheduled to begin at 11:59 p.m.
Largest US Refinery May Be Shut for up to Two Weeks
Motiva Enterprises' Port Arthur, Texas refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant operations said on Thursday. The 603,000 barrel per day (bpd) Port Arthur Refinery was shut on Wednesday due to flooding from Tropical Storm Harvey. Reporting by Erwin Seba
U.S. Refinery Strike in 18th Day as Talks Resume
The largest U.S refinery workers strike since 1980 passed its 18th day on Wednesday but talks between union and oil company representatives over safety and pay restarted after a gap of a week and went into the night, according to a union text message. More than 5,000 workers at 11 plants, including nine refineries accounting for 13 percent of U.S.
U.S. Refinery Workers Contract Proposal Rejected
Union negotiators said the latest proposal from oil companies for a new three-year contract for U.S. refinery workers was rejected on Friday because it failed meet to members' objectives, according to a text message issued Friday night. The announcement of the rejection by the United Steelworkers (USW)…
US Refiners Dominate Western Hemisphere Markets
The United States is fast becoming the major refining hub for the entire western hemisphere as plentiful crude at home and superior efficiency enable U.S. refiners to grab market share across the region. U.S. refiners now supply almost a quarter of the rest of the hemisphere's daily fuel demand, up from less than 10 percent a decade ago. U.S.
Record U.S. Refinery Runs Fail to Lift Crude Price
U.S. refineries processed a record volume of crude last week, making a small dent in the country’s bloated crude stocks but resulting in a big build-up of refined product inventories. U.S. refineries have ramped up crude processing by 1 million barrels per day (bpd) over the last four weeks and 2 million bpd over the last nine weeks, according to the U.S.
Union, Shell to Resume Talks Over US Refinery Pact
Royal Dutch Shell Plc and the United Steelworkers union (USW) will resume negotiations on Tuesday over a new labor contract for U.S. refinery workers, the company said on Monday as the walkouts stretched into their ninth day. The first big refinery strike since 1980 started on Feb. 1 after Shell walked away from the negotiating table…
Keystone Restarts, No Date for Return to Full Capacity
Transcanada Corp's Keystone oil pipeline restarted operations on Tuesday but the company has no timeline on when U.S. regulators will allow it to return to full capacity, a TransCanada spokesman said. The 590,000 barrel per day pipeline links Canada's oil sands to U.S. refineries and was shut down for nearly two weeks after a 5,000-barrel leak in rural South Dakota on Nov.
U.S. Refinery Strike Widens, includes Largest Plant
The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW). Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises of a strike by its members at the company's 600…
Total to Approve New US Refinery Development this Month
French oil and gas company Total this month expects to disclose a partner for a new ethane cracker the company expects to soon approve in Port Arthur, Texas, Chief Executive Patrick Pouyanne said. Pouyanne, speaking at the CERAWeek energy conference on Wednesday, did not name the partner or put a price tag on the development. (Reporting by Ron Bousso)
U.S. Refinery Contract Talks at Critical Stage
In five days of negotiations for a new three-year contract covering hourly workers at 63 U.S. refineries, the United Steelworkers union (USW) has sent only messages of frustration to its members. Twitter messages on Friday and Saturday said one industry offer had been rejected and the talks with lead industry negotiator Royal Dutch Shell Plc were moving slowly.
US Refiners Process Record Volume of Crude as Demand Climbs
U.S. oil refineries are processing record volumes of crude but stocks of refined fuels remain well contained thanks to strong exports and demand at home. U.S. refineries processed 17.5 million barrels per day (bpd) of crude in the week ending on May 26, according to the U.S. Energy Information Administration ("Weekly Petroleum Status Report", EIA, June 1).
Union, Refinery Owners to Resume Contract Negotiations
The United Steelworkers union (USW) and refinery owners were set to resume contract negotiations next week as the largest U.S. refinery strike since 1980 reached its 13th day on Friday. About 5,400 workers at 11 plants, including nine refineries accounting for 13 percent of U.S. production capacity, were on strike with no signs of an immediate end.
Union Chief: U.S. Refinery Strike Could Spread
The largest U.S. refinery strike in 35 years could spread if talks over improved safety conditions do not resume soon, United Steelworkers union (USW) International President Leo Gerard said on Tuesday. A total of 6,550 USW members are on strike at 15 plants, including 12 refineries accounting for one-fifth of U.S. capacity.
Hedge Funds Watch U.S. Refinery Restarts
Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalise. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude…