Workers at Chevron's two LNG plants in Australia are set to go on strike from 7 September, a move that could potentially drive up global prices, following weeks of negotiation over pay and working conditions with unions.
Workers at Chevron's liquefied natural gas facilities in Australia are planning to strike, which could result in a loss of around 7% of global supply and potential price increases.
The United Auto Workers union and three Detroit automakers are facing a looming strike as contract negotiations stall, potentially impacting the U.S. economy and the companies' profits amid the shift to electric vehicles and demands for improved wages and benefits.
Strikes at Australian natural gas facilities could lead to a global shortage of gas supply and higher European gas prices, as the market is currently very tight with little flexibility, according to energy analysts. The strikes are scheduled to begin on Thursday unless an agreement is reached between Chevron and the unions representing workers at the Gorgon and Wheatstone projects. However, analysts believe that prices are unlikely to reach the record peaks seen in September 2021. The gas market also remains sensitive to other factors, such as disruptions caused by winter storms or a cut in Russian gas supply. There is also uncertainty surrounding the future of gas transit through Ukraine, which could further impact European gas prices.
Workers at Chevron's liquefied natural gas (LNG) facilities in Australia are holding talks with the company to avoid planned industrial action over pay and conditions, which could potentially impact global energy markets.
Workers at Chevron's liquefied natural gas facilities in Australia have agreed to delay strike action for one day, easing concerns in the gas market.
Workers at Chevron's liquefied natural gas (LNG) projects in Australia have gone on strike, potentially disrupting over 5% of global supply and causing a spike in European gas prices, as talks broke down over wages and conditions.
European gas prices surged as workers at Australian natural gas facilities went on strike, raising concerns about global supply shortages. The strike, which is a result of failed negotiations over pay and job security, could potentially lead to a two-week halt in production.
Approximately 146,000 U.S. auto workers are poised to go on strike if General Motors, Ford, and Stellantis fail to meet their demands for substantial pay raises and restored benefits, potentially causing significant disruptions in auto production and impacting the U.S. economy.
Chevron Australia will pursue a legal strategy to stop strikes at its Gorgon and Wheatstone liquefied natural gas facilities in Australia, after failing to reach a deal with unions, potentially risking billions of dollars in export revenue.
The local auto workers' union at Ford's Sharonville transmission plant is preparing for a potential strike as the contract between the United Auto Workers union and the Big Three automakers expires, with picketing instructions issued and workers standing strong behind negotiators.
The United Auto Workers union plans to implement targeted strikes at certain plants if tentative contracts are not reached with General Motors, Ford Motor, and Stellantis, potentially affecting local contract issues and involving work stoppages only at specific plants.
The United Auto Workers are preparing for a possible strike against Detroit's Big Three automakers as the deadline for a new labor agreement approaches, which could have significant economic consequences and impact car prices.
Workers at Chevron's LNG plants in Western Australia have initiated a 24-hour strike, with potential for strikes to continue until mid-October, as part of an ongoing industrial action by the Offshore Alliance union.
An Australian union alliance has ended strikes at Chevron's two major LNG projects after accepting proposals on pay and conditions, resolving a dispute that had threatened 7% of global LNG supplies and raised prices by as much as 35%.
Strikes by United Auto Workers at General Motors, Stellantis, and Ford plants could escalate on Friday if negotiations do not make significant progress, potentially affecting more automaker sites.
Union members at Chevron's liquefied natural gas facilities in Australia have voted for industrial action, threatening potential strikes that could disrupt around 7% of global LNG supply.
