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Tuesday, 01/31/2012 10:18:37 PM

Tuesday, January 31, 2012 10:18:37 PM

Post# of 363991
HOUSTON—U.S. refiners and the United Steelworkers came to a tentative agreement on contracts hours before deadline Tuesday evening, averting a strike that could have brought a large chunk of refining capacity offline.

The tentative agreement for new three-year contracts was announced at 8:30 p.m. E.S.T. Failure to reach an agreement by midnight could have caused a strike that would have resulted in more than a million barrels a day of combined refining capacity being taken offline at plants run by Exxon Mobil ...


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