Saturday, July 12, 2025
Exxon rejects contract offer from Texas refinery union: sources- oil and gas 360

Exxon rejects contract offer from Texas refinery union: sources

Reuters HOUSTON – Exxon Mobil Corp on Thursday rejected a contract offer from the United Steelworkers union (USW), two days ahead of a threatened lockout of 650 Texas refinery workers by the energy firm, said people familiar with the matter. Talks between the two sides, at the 369,000 barrel-per-day (bpd) Beaumont refinery, have been underway since before a six-year contract

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 2 this week, at 440

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of  2 over last week, resulting in a total count of 440 rigs. Canada had a decrease of 4 over last week, resulting in a total Canadian count of 51 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Eagle

India demand worries, weak Japanese imports knock oil prices from six-week highs- oil and gas 360

India demand worries, weak Japanese imports knock oil prices from six-week highs

Reuters NEW YORK -Oil prices fell from six-week highs on Friday, as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared. U.S. crude and global benchmark Brent were set for their biggest daily drops in about three weeks, but still on track for their fifth straight monthly