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Marathon Petroleum Corp

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  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • 'Halftime' trader buys plunging oil play Wednesday, 11 Feb 2015 | 11:40 AM ET
    Pioneer Natural Resources

    Joe Terranova added a plunging oil stock to his Halftime Portfolio on expectations drastic capital spending cuts will spark a rebound.

  • 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...

  • Halftime traders cashing in oil trade already Friday, 6 Feb 2015 | 12:42 PM ET
    Detroit refinery of the Marathon Petroleum Corp.

    Two Halftime Report traders sold some of their commodity-related stocks, cashing in quickly on a rebound in the names.

  • 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...

  • 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,...

  • 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...

  • Final Trades 2/3/15 Tuesday, 3 Feb 2015 | 2:29 PM ET
  • 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. Officials from Royal Dutch Shell Plc, the lead negotiator for oil companies, were repeatedly saying it would be too hard to meet the...

  • HOUSTON, Feb 2- Royal Dutch Shell Plc negotiators met on Monday with the union representing workers at U.S. refineries as a strike stretches into a third day after talks on a new national contract broke down. "Representatives from Shell and the United Steelworkers union resumed communications on Monday in hopes of coming to a mutually satisfactory contract...

  • HOUSTON, Feb 2- Royal Dutch Shell Plc said late on Monday it resumed contact with the union representing workers at U.S. refineries as a strike stretched into a second day after talks on a new national contract broke down. But one of the affected plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it...

  • One of the affected plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it was already in the midst of planned maintenance work. "In the short term, the strikes are definitely driving prices up," said Phil Flynn of Price Futures Group in Chicago. Gasoline futures traded in New York rose more than $0.05...

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

  • One of the affected plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it was already in the midst of planned maintenance work. "In the short term, the strikes are definitely driving prices up," said Phil Flynn of Price Futures Group in Chicago. Gasoline futures traded in New York rose more than $0.05...

  • HOUSTON, Feb 2- Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants as they sought a new national contract with oil companies covering laborers at 63 plants. One of the plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being shut because it was in the midst of planned maintenance work.

  • HOUSTON, Feb 2- Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants in an attempt to force oil companies to sign a new national contract covering laborers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted negotiations early on Sunday after the union rejected a...

  • HOUSTON, Feb 1- Union workers took to picket lines on Sunday after strikes were called at nine U.S. refineries and chemical plants in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted talks after the union rejected a fifth...

  • Union strikes at 9 US refineries amid contract war Sunday, 1 Feb 2015 | 12:04 AM ET
    Tesoro's oil refinery in Los Angeles

    Union leaders called strikes on Sunday at nine U.S. refineries in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants.

  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • Pumpjacks pump petroleum from the ground.

    Energy was the most common sector represented in the picks for the Halftime Report Portfolio, a new premium feature for CNBC.com