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State Suspends Russian Oil Imports Following Ukraine Invasion

(AP) — Hawaiʻi won’t be importing Russian oil after the owner of the state’s only oil refinery decided to suspend purchases of Russian crude in response to the country’s invasion of Ukraine. The Honolulu Star-Advertiser reports Par Pacific Holdings of Houston plans to meet island fuel needs with other sources primarily from North and South America. Russian oil has accounted for up to a third of Hawaiʻi’s crude oil in recent years, much of it used for jet fuel. The company doesn’t expect its decision will meaningfully affect prices paid by Hawaiʻi consumers. Nationally, Russian oil accounts for 3.5% of U.S. consumption.

 

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