Par Pete Stock News

Oil prices are soaring, providing support for the energy sector's status as the best-performing group in the S&P 500. Shares of oil refiners are getting in on the act.

Not everything in the oil patch is a two-fisted buy right now

Par Pacific will suspend refinery crude purchases of Russian oil for its Hawaii refinery, the company confirmed March 3. Russian crude accounted for over 25% of Hawaii''s crude slate in 2021, according to Energy Information Administration data. Par reported the 93,500 b/d refinery ran at an average rate of 81,800 b/d in 2021. Owner Refinery Capacity Unit Name Unit b/d…

The owner of Hawaii’s oil refinery announced today that it was suspending purchases of Russian crude oil in light of Russia’s war against Ukraine.

Par Pacific <> plunges to a 52-week low after suspending purchases of Russian crude oil for its Hawaii refinery; according toBloomberg, the company bought 6.9M barrels of…

(Reuters) – Par Pacific Holdings Inc said on Thursday it would suspend the purchases of Russian crude oil for its Hawaii refinery, following a wave of sanctions imposed after Moscow’s invasion of Ukraine.

Refinery: Kapolei, Hawaii Capacity: 93,500 b/d Owner: Par Pacific Holdings said on March 3 it was suspending purchases of Russian crude oil for their 93,500 b/d Kapolei, Hawaii, refinery "in light of recent geopolitical events." "The geopolitical landscape and energy markets are dynamic. We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months,"…

Par Pacific Holdings Inc. said Thursday that is will suspend purchases of Russian crude oil for its Hawaii refinery. "We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months," the energy infrastructure company said in a statement. "In the meantime, we are turning to other grades of crude, principally from North and South America, to meet fuel production requirements." The company said it will work closely with its customers and partners to make future decisions to support "energy assurance" for Hawaii. The stock dropped 3.2% in afternoon trading toward the lowest close since Dec. 1, 2020. It has shed 10.2% over the past three months, while continuous crude oil futures have run up 65.1% and the S&P 500 has lost 3.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

HOUSTON, March 03, 2022 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) recognizes its important role in Hawaii’s energy security. We intentionally diversify our crude oil sources from locations around the globe to enable us to meet the state''s ongoing demand for fuels. However, in light of recent geopolitical events, we have decided to suspend purchases of Russian crude oil for our Hawaii refinery.

HOUSTON, March 03, 2022 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR ) ("Par Pacific") recognizes its important role in Hawaii''s energy security. We intentionally diversify our crude oil sources from locations around the globe to enable us to meet the state''s ongoing demand for fuels. However, in light of recent geopolitical events, we have decided to suspend purchases of Russian crude oil for our Hawaii refinery. The geopolitical landscape and energy markets are dynamic. We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months. In the meantime, we are turning to other grades of crude, principally from North and South America, to meet fuel production requirements. As the geopolitical situation evolves, we will work closely with our customers and partners in state government to make prudent decisions in support of energy assurance for Hawaii. About Par Pacific Par Pacific … Full story available on Benzinga.com

Some of the biggest U.S. importers of Russian crude oil have started suspending their purchases of the commodity, including Monroe Energy, which is the third-biggest U.S. buyer of Russian oil. Bloomberg reports that Monroe Energy had stopped importing Russian oil "for the foreseeable future," while another importer, Par Pacific Holdings, would not enter into new purchase agreements but would receive already contracted volumes. The biggest U.S. importer of Russian crude, Marathon Petroleum, declined to say whether it will continue buying Russian…

Par Pacific Holdings Inc. PARR, -3.11% said Thursday that is will suspend purchases of Russian crude oil for its Hawaii refinery. "We will continually monitor and evaluate our posture on Russian crude

Par Pacific Holdings Inc. (NYSE:PARR) price closed lower on Tuesday, March 01, dropping -10.37% below its previous close. >> 5 Best Growth Stocks for 2022 << >> 5 Best Growth Stocks for 2022 << A look at the daily price movement shows that the last close reads $13.60, with intraday deals fluctuated between $12.04 and … Par Pacific Holdings Inc. Still Hasn’t Convinced Analysts? Read More »

Par Pacific Holdings Inc. (PARR) CEO William Pate on Q4 2021 Results - Earnings Call Transcript