09:04 AM EDT, 09/25/2024 (MT Newswires) -- (Updates with company's comment in the second paragraph.)

Marathon Petroleum ( MPC ) and the Teamsters union remain at a standstill in labor negotiations as a new labor agreement stagnates and the strike at the Detroit refinery enters its third week, Reuters reported Tuesday.

"Unfortunately, the parties have not reached an agreement", the company's spokesperson told MT Newswires.

Marathon said no further negotiation meetings are scheduled but that they are in "regular communication" with the federal mediator, the report said. Meanwhile, Teamsters Local 283 leader Steve Hicks said Marathon representatives walked away from talks over the weekend and canceled the next session, Reuters reported.

Teamsters union did not immediately respond to MT Newswires' 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.)

Price: 161.78, Change: -0.67, Percent Change: -0.41