United Airlines, through its United Airlines Ventures arm, has invested in Next Renewable Fuels, which is developing a flagship biofuel refinery in Port Westward, Ore., with production expected to begin in 2026, the carrier announced Tuesday. The airline could invest as much as $37.5 million into Next, provided the fuel company meets certain milestone targets, … Read more
kckate16 California gasoline futures fell in the Los Angeles wholesale market on Friday as fears of production disruptions at Chevron’s (NYSE:CVX) El Segundo refinery went unrealized, Reuters reported, citing West Coast market traders. CARBOB gasoline for November delivery sold at an $0.80/gal premium on December Nymex RBOB gasoline (NYSEARCA:UGA), down $0.25 from Thursday’s price, and … Read more
Into its third week now, the strike of refinery workers in France has been deemed the left-oriented CGT’s biggest challenge to Macron since he won a new presidential term this May. Opposition parties are hoping to cash in on the momentum. Into its third week now, the strike of refinery workers in France has been … Read more
HJBC/iStock Editorial via Getty Images Workers voted Wednesday to end a strike at TotalEnergies’ (NYSE:TTE) Donges refinery, lifting the French government’s hopes the supply difficulties at gasoline stations in the country will improve. Strikes were suspended at two other refineries in the North and Bouches-du-Rhone regions but were continuing at a site at Gonfreville, a … Read more
London CNN Business — The French government has ordered staff at an ExxonMobil refinery to return to work, taking the extraordinary measure after a weeks-long strike led to fuel shortages, with drivers lining up for miles to refill their tanks. The energy ministry said in a statement on Wednesday that it was requisitioning staff essential … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Tassilo Hummel and Caroline Pailliez Publishing date: Oct 09, 2022 • 13 minutes ago • 2 minute read • Join the conversation Article content PARIS — TotalEnergies on Sunday proposed to bring forward annual wage talks, in response to union demands, to try to … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: Oct 09, 2022 • 29 minutes ago • 2 minute read • Join the conversation Article content PARIS — Strikes by France’s CGT union at ExxonMobil and TotalEnergies refineries dragged on, union officials at both companies told Reuters on Sunday, as the latest … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Caroline Pailliez and Tassilo Hummel Article content PARIS — More than a fifth of France’s service stations were grappling with supply problems on Saturday, the energy ministry said, as strikes at refineries run by oil majors TotalEnergies and ExxonMobil continued to strain drivers’ nerves. “The … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content (Adds quotes from pump station clients, writes through) PARIS, Oct 8 (Reuters) – Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button you consent … Read more
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Kathleen Ronayne Publishing date: Sep 30, 2022 • 28 minutes ago • 2 minute read • Join the conversation FILE – A gasoline price board is displayed at a gas station in San Francisco, Tuesday, July 19, 2022. California Gov. Gavin Newsom, on Friday, … Read more