Last night, workers at a US refinery in Texas voted against resuming work in the latest round of acrimonious negotiations between the union and Exxon Mobile. The company plans to transform the location into the largest refiner on the continent. Production continued at the facility as the company maintained its lock-out in the middle of the dispute. It was just one more drop in the barrel of issues pushing crude and its derivatives higher. The Biden Administration continues to say they are engaging with OPEC+ “diplomatically” to increase production. However, there’s no trend in the data. Where’s the oil? OPEC reported ... (full story)