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Tesoro Corp

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  • HOUSTON, March 3- Personal friendships are turning sour as some workers cross picket lines in the lingering U.S. refinery strike, with companies pushing laborers to return to work by saying they could lose their bonuses. A month into the biggest U.S. refinery walkout in 35 years, money is tight as strike pay from the United Steelworkers union is a fraction of normal...

  • SAN FRANCISCO, March 2- Retail prices for regular gasoline in West Coast states rose a record 37.2 cents a gallon since last week to $3.12 a gallon on Monday, the U.S. Energy Information Administration said. California, which relies heavily on in-state production to meet its large demand for fuels, has seen its output hampered by an explosion and fire at Exxon Mobil...

  • HOUSTON, Feb 27- Negotiations to settle the largest U.S. refinery strike are set to resume on March 4, the union and lead oil company negotiator said on Friday, the 27th day of the work stoppage. Talks between Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc and the United Steelworkers union broke off on Feb. 20 after refinery owners balked at a settlement.

  • HOUSTON, Feb 23- Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. The halt in talks comes after the USW pulled workers from three Motiva Enterprises LLC refineries in Louisiana and Texas...

  • Feb 23- Tesoro Corp said it resumed work at its 166,000- barrel-per-day refinery in Martinez, California. The facility is currently idle and operating as a terminal for customer supplies. Tesoro had previously announced a plan to shut the plant while workers represented by the United Steelworkers were on strike.

  • HOUSTON, Feb 23- Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. Face-to-face meetings between the United Steelworkers union and lead refinery owner representative Shell Oil Co, the U.S. arm of...

  • Black swan in bonds puts Fed on notice Sunday, 22 Feb 2015 | 4:38 PM ET
    Janet Yellen, Chair of the Federal Reserve.

    Last week the bond market did something its only done one other time in 45 years. Yet not many people noticed.

  • HOUSTON, Feb 21- The U.S. refinery strike widened on its 20th day, with workers at the nation's largest refinery walking off jobs and joining picket lines on Saturday as the United Steelworkers union pushes for a new contract that improves wages and safety. Shortly after talks between union and oil company representatives ended on Friday night, the union...

  • Refinery strike widens to include largest U.S. refinery Saturday, 21 Feb 2015 | 3:45 AM ET
    Members of the United Steelworkers Union and other supporting unions picket outside the BP refinery on February 10, 2015 in Whiting, Indiana.

    The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.

  • HOUSTON, Feb 21- The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST on Saturday, according to the United Steelworkers union. 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...

  • Shell says no agreement in U.S. refinery strike talks Friday, 20 Feb 2015 | 10:48 PM ET

    HOUSTON, Feb 20- Lead U.S. oil company negotiator Shell Oil Co said face-to-face negotiations on Friday with the United Steelworkers union failed to yield an agreement to end the 20- day-old U.S. refinery strike. Rumors about a tentative deal between the USW and Shell Oil, which is the U.S. arm of Royal Dutch Shell Plc, were being swapped through text messages, emails...

  • SAN FRANCISCO, Feb 20- Los Angeles wholesale gasoline differentials rose on Friday as traders and refineries bought product in a market hampered by two oil refinery outages. March-delivery CARBOB gasoline in Los Angeles rose 7 cents to settle at 28 cents a gallon over April RBOB futures on the New York Mercantile Exchange in active trading, sources said.

  • HOUSTON, Feb 19- Union negotiators on Thursday rejected the latest contract offer from oil companies and said the largest U.S. refinery strike since 1980 may spread to more plants beyond the 11 where walkouts are underway. The United Steelworkers union said in a message to members and news media that the latest proposal from lead oil company negotiator Royal...

  • HOUSTON, Feb 18- 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. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and...

  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil Corp refinery near Los Angeles on Wednesday, leaving California with the threat of higher gasoline prices. Torrance Fire Captain Steve Deuel said a small ground fire that followed the explosion had been quickly extinguished. The workplace safety agency...

  • 5 ways to play oil under pressure Wednesday, 18 Feb 2015 | 7:25 PM ET
    Pump jacks and wells on the Monterey Shale formation in California

    Hits to the oil sector on Wednesday amid sustained volatility opened up opportunities to buy on weakness, "Fast Money" traders said.

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Wednesday as union and oil company representatives renewed face-to-face negotiations over safety and pay, after a week's hiatus. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and Toledo, Ohio, were told to walk off their jobs...

  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring four workers and shattering windows of surrounding buildings, authorities said. Investigators were trying to determine the cause of the blast, which occurred shortly...

  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring four workers and shattering windows of surrounding buildings, authorities said. The cause of the blast, shortly before 9 a.m. PST, was under investigation, but there was no...

  • U.S. refinery strike enters 18th day as talks restart Wednesday, 18 Feb 2015 | 12:15 PM ET

    HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Tuesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety on Wednesday, after a week's hiatus. No new strike notices have been issued by the USW since Feb. 6 when workers at plants in Whiting, Indiana, and Toledo, Ohio,...