Shell 'optimistic' on US refinery contract talks
Union not as optimistic, prepared for possible strike
Houston
LEAD industry negotiator Royal Dutch Shell Plc said on Thursday that it was "optimistic" a new three-year agreement could be reached with a union representing hourly workers at 63 US refineries that account for two-thirds of US refining capacity.
In a message to members, the United Steelworkers union (USW) did not share Shell's optimism, pointing to the approaching expiration of the current three-year agreement at 12.01 am on Sunday in the time zone where each refinery is located.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard