XM does not provide services to residents of the United States of America.

Marathon's Detroit refinery workers to strike starting Wednesday, Teamsters says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Marathon's Detroit refinery workers to strike starting Wednesday, Teamsters says</title></head><body>

Adds total workers at refinery

Sept 4 (Reuters) -About half of the workforce at Marathon Petroleum'sMPC.N Detroit refinery will begin striking on Wednesday, following months of unsuccessful negotiations over pay and safety concerns, the Teamsters union said.

The union has been negotiating with Marathon, the country's largest refinerby volume, for the past nine months, demanding better pay and improved work schedules.

Marathonsaid it does not expect the strike to impact operations at the facility.

"We are fully prepared and have implemented plans to continue safely operating the facility," the company said in a statement.

Marathon's Detroit refinery has a crude oil refining capacity of 140,000 barrels per day, processing sweet and heavy sour crude oils into products such as gasoline and distillates.

It employs about 273 Teamsters members, 95% of whom authorised the strike, the union said.

The refinery has about 525 employees, including both union and non-union workers.




Reporting by Mrinalika Roy in Bengaluru; Editing by Nivedita Bhattacharjee

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.