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Oil and Gas Refining

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  • Feb 11- TransCanada Corp rejected the U.S. Environmental Protection Agency's inference that its Keystone XL pipeline would help increase the rate of oil sands production even at lower oil prices, and raise greenhouse gas emissions. "TransCanada disagrees with any suggestion that the Department of State has not fully and completely assessed the...

  • LAUNCESTON, Australia, Feb 11- One of the persistent themes in the letter pages of my local newspaper is why, if crude oil prices have halved in the past eight months, am I still paying so much for petrol to fill my car? There a few broad trends that can be identified, and they aren't unique to Australia, affecting many countries across Asia. In some cases, such as China and...

  • HOUSTON, Feb 10- The United Steelworkers union said little progress was made in talks with oil companies on Tuesday for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to a text message issued by the union. The USW said lead oil company negotiator Royal Dutch Shell Plc failed to bring experts and information as...

  • Union and Shell talk at length over U.S. refinery pact Tuesday, 10 Feb 2015 | 6:42 PM ET

    HOUSTON, Feb 10- Royal Dutch Shell Plc and the United Steelworkers union negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.. Over the weekend, walkouts widened to include BP Plc's Whiting, Indiana, refinery and its joint-venture refinery with Husky Energy in...

  • Are labor disputes holding the US economy hostage? Monday, 9 Feb 2015 | 10:52 AM ET
    Ships gather off the ports of Los Angeles and Long Beach, Calif., as a sailboat makes it way past them in this aerial photo taken Feb. 6, 2015.

    Labor standoffs at refineries and West Coast ports are not relenting. Is this a sign of a strengthened economy or will it hurt it instead?

  • BENGHAZI/ TRIPOLI, Libya, Feb 9- Libya was trying to end a strike at the port of Hariga so that it can reopen the country's last working onshore export terminal there and prevent the closure of its largest still functioning oilfield, officials said on Monday. On Saturday, Libya shut most operations at the eastern port, located near the border with Egypt, after...

  • HOUSTON, Feb 7- The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies. Walk-outs at BP Plc's Whiting, Indiana, refinery and the company's joint-venture refinery with Husky Energy in Toledo, Ohio, shortly after 12 a.m. local time on Sunday would...

  • HOUSTON, Feb 6- 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 are scheduled to begin at 11:59 p.m. local time on...

  • NEW YORK, Feb 6- Workers represented by the Building Trades Unions will return to Marathon Petroleum Corp's refinery in Catlettsburg, Kentucky on Monday, even as a strike by the United Steelworkers drags into a second week, documents obtained by Reuters show. While the Building Trades Unions say they continue to support the USW's cause, their return work comes at...

  • NEW YORK, Feb 5- SilverRange Financial Partners and the local union at the oil refinery in Come By Chance, Newfoundland, Canada, have come to an impasse over a new contract, and a mid-March strike looms unless the two sides can break the deadlock, the union's chief negotiator said Thursday. SilverRange is a New York- based merchant bank run by veteran energy traders,...

  • HOUSTON, Feb 4- The United Steelworkers union said a new contract offer was made by lead oil company negotiator Royal Dutch Shell Plc on Wednesday night as a strike by U.S. refinery workers ended its fourth day. "The USW has received an offer and will respond after consideration of the offer tomorrow," USW spokeswoman Lynne Hancock said. About 4,000 workers at nine...

  • CALGARY, Alberta, Feb 4- A U.S. investigation into oil major BP Plc breaking anti-fraud and reporting rules on using oil pipelines is related to crude shipped on Enbridge Inc's Mainline system, Enbridge said on Wednesday. He said the Commodity Futures Trading Commission had not indicated Enbridge was under investigation. Enbridge's 2.2 million...

  • HOUSTON, Feb 4- Negotiations will resume on Wednesday between Royal Dutch Shell Plc and union leaders as they haggle over a new wage contract for striking U.S. refinery workers, the company said. The two camps have been in a stalemate since the United Steelworkers union called walkouts early on Sunday at nine plants with about 10 percent of U.S. refining capacity,...

  • *Strike affects 10 percent of U.S. refining capapacity. HOUSTON, Feb 4- Negotiations will resume on Wednesday between Royal Dutch Shell Plc and union leaders as they haggle over a new wage contract for striking U.S. refinery workers, the company said. But one plant, Tesoro Corp's 166,000 barrel-per-day Martinez, California, refinery, was shutting down as part of it...

  • Is this oil rally the real deal? Tuesday, 3 Feb 2015 | 11:33 PM ET
    A worker inspects valves and pipes at an oil gathering station in Russia, January 28, 2015.

    Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.

  • SINGAPORE, Feb 4- Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions. Brent crude was 50 cents lower at $57.41 a barrel by 0336 GMT, after gaining almost 6 percent on Tuesday and off a near six-year low of $45.19 reached in mid-January.

  • HOUSTON, Feb 3- Negotiations made no progress on Tuesday as Royal Dutch Shell Plc and union leaders haggled over a new wage contract for U.S. refinery workers who have been on strike for three days, the union said. The two camps have been at an impasse since the United Steelworkers union called walkouts early on Sunday for the first time since 1980 at nine plants with...

  • HOUSTON, Feb 3- Negotiations were getting underway late on Tuesday between Royal Dutch Shell Plc and union leaders over a new wage contract for U.S. refinery workers who have been on strike for three days, both sides said. "Shell and USW are meeting Tuesday evening to continue contract negotiations in hopes of coming to a satisfactory agreement for both parties,"...

  • NEW YORK, Feb 3- Oil prices jumped again on Tuesday as a tumbling dollar sent most commodities rallying, bringing crude's four-day rise to about 19 percent, its biggest such advance since January 2009. Benchmark Brent crude oil settled up $3.16, or nearly 6 percent, at $57.91 a barrel. U.S. crude, or WTI, finished up $3.48, or 7 percent, at $53.05, after a session high at...

  • HOUSTON, Feb 3- At tense meetings just days before the first major U.S. refinery strike in 35 years was called on Sunday, union leaders grew increasingly pessimistic about getting a new labor contract and a sizable wage increase. The USW had always viewed Shell as the most flexible of the big oil companies, much easier to negotiate with than Exxon Mobil Corp or...