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Investing

US Refineries Threatened by Strike (XOM, VLO, RDS-A, MPC)

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By Paul Ausick Published

The United Steel Workers union could authorize a strike against US refineries that produce about one-third of the country’s daily refined products demand of 19 million barrels. The strike deadline is midnight on the morning of February 1st.

The union is reportedly discussing its options of striking just selected refineries or calling for a general walkout. Major refiners Exxon Mobil Corp. (NYSE: XOM), Valero Energy Corp. (NYSE: VLO), Royal Dutch Shell plc (NYSE: RDS-A) and Marathon Petroleum Corp. (NYSE: MPC) did not comment on the report from MarketWatch.

Contact [email protected] for any questions or corrections.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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