Yahoo Finance
The biggest oil companies in the United States are playing hardball in unionized labor negotiations in a bid to get more concessions from workers' unions in the new contracts.
Over the past few years, some of the top U.S.
refining companies have resorted to lockouts to ensure most of the company management's proposals in new labor contracts are accepted.
The trend began earlier this decade with Exxonlocking out in 2021as many as 650 workers out of the Beaumont refinery for 10 months.
This was the longest labor dispute at a U.S.
Five years later, BP and Marathon are currently in a similar position, locking out workers at their Whiting, Indiana, and Martinez, California, refineries, respectively, amid labor disputes over union contracts.
The refineries continue to operate with contractors, supervisors, and replacement workers.
The continued operations show that Big Oil is not as afraid as it used to be to use replacement staff while seeking concessions from the unions.
With this, one of the most powerful bargaining tools of the unions—that skilled unionized labor is essential for operations—is being undermined.
The BP lockout at the Whiting, Indiana, refinery since March 2026 over contract disputes suggests that the biggest oil companies are playing hardball now to have the union accept their proposals.
Fell Behind China On Nuclear Power BPoffersan average 13% raise, or over $7 per hour, over four years and has agreed that raises in the last two years of the agreement would match the levels agreed to at the national oil bargaining.
The proposed 13% raise for the first two years is below the national oil bargaining standards.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment