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Talks between oil companies, U.S. union intensify as deadline nears

HOUSTON (Reuters) - Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United Steelworkers Union (USW) and oil...
Talks between oil companies, U.S. union intensify as deadline nears © Reuters. FILE PHOTO: General view of the Marathon petroleum refinery in Carson, California, U.S., December 5, 2019. REUTERS/Mike Blake/File Photo

HOUSTON (Reuters) - Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United Steelworkers Union (USW) and oil companies, the union told members in a message seen by Reuters.

Talks for the new pact began on Jan. 13 between the USW and lead company negotiator Marathon Petroleum (NYSE:MPC), the union has said, ahead of the Feb. 1 expiry of an existing three-year agreement covering 30,000 workers across the United States.

In addition to the contract talks, which will set pay and benefits, USW locals are meeting refinery and plant managers to agree on local issues.

Monday’s message said BP (NYSE:BP) Plc, chemical maker Ineos, Chevron Corp (NYSE:CVX) and Citgo Petroleum Corp were making "tough, concessionary demands" in local negotiations.

Last week, the Steelworkers said BP had made a proposal in talks at local unions for a no-strike period of up to 120 days following expiry of contracts..

A Chevron spokesperson did not have an immediate comment on Monday night, while spokespersons for BP, Ineos and Citgo did not immediately reply to requests for comment.

Sources familiar with local talks at Chevron’s refinery in Pasadena, Texas, said the company had asked for significant changes.

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29-03-2024 17:45:23 (UTC+7)

EUR/USD

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EUR/USD

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GBP/USD

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USD/JPY

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AUD/USD

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Gold Futures

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S&P 500

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DAX

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US Small Cap 2000

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Bayer AG NA

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Adidas AG

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Deutsche Lufthansa AG

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 EUR/USD1.0784Neutral
 GBP/USD1.2617↑ Sell
 USD/JPY151.32↑ Sell
 AUD/USD0.6514↑ Sell
 USD/CAD1.3553↑ Buy
 EUR/JPY163.16↑ Sell
 EUR/CHF0.9718Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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SJC Eximbank7,910/ 8,080
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Cập nhật lúc 17:42:15 29/03/2024
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