Top U.S. Buyer of Russian Oil Among Those Halting Purchases
- Monroe Energy is third largest importer of Russian oil
- Company joins Par Pacific, other refiners in halting purchases
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More U.S. refiners are turning away from Russian oil as the European superpower continues its assault on Ukraine.
Monroe Energy LLC, the third largest U.S. importer of Russian crude, said Tuesday it would not enter into new supply deals “for the foreseeable future,” becoming the latest refiner to eschew oil from the nation. Par Pacific Holdings Inc., which runs a refinery in Hawaii and bought 6.9 million barrels of Russian crude last year, also said it would not enter into new commitments though, like Monroe, it will still receive previously contracted purchases. They join other U.S. fuelmakers who were already quietly shifting away from Russian imports even before war broke out.