Monday, October 2, 2023

Chevron strike threatens to drive up gasoline prices in Europe

Come on, fuel prices Recovery on the Old Continent after workers in two important production facilities wear chevrons Partial strikes began in Australia on Friday after talks collapsed. The strike by the company’s employees could cause the value of gas in Europe to skyrocket again Offshore Alliance, representing the workers, examined the proposal of chevrons and considered an agreement to be unlikely

The protests affect the facilities of Gordon and Wheatstone, which delivered 7% of the world’s liquefied natural gas in 2022.

Chevron strike threatens to drive up gasoline prices in Europe

The lack of agreement between Chevron workers and the company is jeopardizing LNG supplies to one of the world’s largest exporters.

Long interruptions

Given weak demand and the fact that European reserves were almost full much sooner than expected, operators do not expect a significant impact from the conflict.

But the risk of prolonged disruption would keep pressure on a volatile market that has not yet fully recovered from last year’s energy crisis.

The outcome of talks between Chevron and unions in Australia will continue to be closely monitored by gas markets, as the possibility of strikes could have a significant impact on global natural gas supplies and prices.

Nation World News Desk
Nation World News Desk
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