Geopolitics Alpha

BP, union resume negotiations as Whiting refinery lockout enters eighth month

Published . Updated .

ENERGYBP, union resume negotiations asWhiting refinery lockout enterseighth monthGEOPOLITICS ALPHA

This report is about refining.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • XLE Energy Select Sector SPDR+7.4% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • VLO Valero Energy+9.5% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • MPC Marathon Petroleum+10.2% 7d

    Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • PSX Phillips 66+12.3% 19d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • XOM ExxonMobil Holdings+11.0% 11d

    ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRAKNo price data for this ticker———————
XLE-2.42%-2.96%baseafter closeafter closeafter closeafter close
VLO+1.75%-0.02%baseafter closeafter closeafter closeafter close
MPC+0.87%-2.39%baseafter closeafter closeafter closeafter close
PSXNo price data for this ticker———————
XOM-3.61%-3.44%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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BP, union resume negotiations as Whiting refinery lockout enters eighth month FOX 32 Chicago

Source: FOX 32 Chicago

Energy

CompanyWhenMoveStatus
MPCthree days earlier-2.39%final price
MPCfive days earlier+0.87%final price
VLOthree days earlier-0.02%final price
VLOfive days earlier+1.75%final price
XLEthree days earlier-2.96%final price
XLEfive days earlier-2.42%final price
XOMthree days earlier-3.44%final price
XOMfive days earlier-3.61%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“BP, union resume negotiations as Whiting refinery lockout enters eighth month” scores 12 out of 100. The score uses 1 sources.