Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Shell, U.S. oil workers to talk more on fourth day of refineries strike

Wed, 04th Feb 2015 10:53

* Strike affects 10 percent of U.S. refining capapacity

* Most plants operating near normally with non-union labor

* Strike has boosted gasoline futures prices

By Erwin Seba

HOUSTON, Feb 4 (Reuters) - Negotiations will resume onWednesday between Royal Dutch Shell Plc and unionleaders as they haggle over a new wage contract for strikingU.S. refinery workers, the company said.

The two camps have been at an impasse since the UnitedSteelworkers union (USW) called walkouts early on Sunday for thefirst time since 1980 at nine plants with about 10 percent ofU.S. refining capacity, saying Shell left the negotiating tablewhen talks broke down.

Most affected refineries are running near normal, withoperators having called on trained managers, retirees and othersfrom non-union plants to replace workers.

But one plant, Tesoro Corp's 166,000 barrel-per-dayMartinez, California, refinery, was shutting down as part of itwas already undergoing maintenance work, the company has said.

Talks have been difficult as a drop of more than 50 percentin oil prices since June has eroded profits of major companies,prompting executives to say they cannot afford to lift wages forworkers.

The union said talks late on Tuesday made "no progress."Shell called them "productive."

The union has said further walkouts may be ordered at someof the other 63 refineries and chemical plants it represents ifadvances are not made.

"Bargaining continued today, no progress to report, willresume tomorrow," read a text message the union sent to itsmembers.

Shell sounded more positive. "Productive discussion today.Shell and USW agreed to resume talks on Wednesday," companyspokesman Ray Fisher said.

The company has declined to detail the nature of thenegotiations.

Since bargaining first started on Jan. 21, the union hasrejected five offers from Shell.

The union is seeking annual pay increases of 6 percent,double the size of those in the last agreement. It also wantswork that has been given in the past to non-union contractors tostart going to USW members, a tighter policy to preventworkplace fatigue and reductions in members' out-of-pocketpayments for healthcare.

The strikes were the first ordered in 35 years in support ofa nationwide pact that would cover 30,000 workers.

Refiners are promising little or no disruption toproduction, but wholesalers and others have snapped up supplies.

Traders have said the strike contributed to higher pricesfor gasoline futures on Tuesday, though they were down afew cents early on Wednesday at $1.56 a gallon.

Refinery outages can reduce purchases of crude, and U.S. oilprices were down 3 percent at $51.48 after a string ofbig gains. (Additional reporting by Jessica Resnick-Ault; Writing by TerryWade, editing by William Hardy)

More News
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

Read more
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.