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Market Chatter: BP Whiting Refinery Negotiations Stalled, Union Says

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BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported Wednesday, citing a statement from the union.

The United Steelworkers alleged the energy firm is intentionally slowing down the bargaining process, after the union attempted to initiate new talks last week but was informed the corporation would be unavailable to meet for roughly 14 days, the news outlet reported.

BP and the United Steelworkers did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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