立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
石油

Par Pacific sees no coronavirus impact on Hawaiian refining operations: CEO

天然气 | 石油

Platts 情景规划服务

Bunker Fuel | 石油 | 原油 | 液化石油气 (LPG) | 石油风险 | 成品油 | 燃料油 | 汽油 | 航油 | 石脑油

appec

煤炭 | 电力 | 可再生能源 | 液化天然气 (LNG) | 天然气

分析:随着行业重新调整,亚洲未来的LNG进口项目将被搁置

Par Pacific sees no coronavirus impact on Hawaiian refining operations: CEO

亮点

Par Pacific pegs Chinese run cuts at 2.3 million b/d

Company sees crude discounts between $3/b and $5/b

New York — Par Pacific Holdings, operator of Hawaii's sole refining assets, has yet to see any impact on operations at its two island plants from the coronavirus, the company's CEO William Pate said Wednesday.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

"In all our markets, we've not seen any impact on demand associated with the coronavirus. We're watching these factors closely as we near significant planned downtime in Hawaii this summer," Pate said on the fourth quarter results call.

Par's legacy Hawaii refinery known as the East Plant has a 94,000 b/d capacity, while the refinery Par bought from Island Energy has a 54,000 b/d capacity, giving the company a total capacity of 148,000 b/d.

Targeted Hawaiian throughput for the first quarter is 100,000 b/d to 104,000 b/d, with planned work scheduled late in the second quarter on the East Plant.

Related coverage

About 32% of Hawaii's refined product demand comes from jet and air transportation, but possible impacts from coronavirus on commercial jet demand have been muted by strong military demand for jet.

Also, unless the coronavirus starts to spread into Hawaii, Par Pacific does not expect any change in demand.

"To date we really haven't seen any declines," said Par Pacific's CFO William Monteleone on the call. "The Hawaii market, Chinese tourists are less than 1%, so that when the epidemic was largely contained in China, it didn't really have a significant impact."

On the crude side, run cuts by Chinese refiners due to lack of local demand have been beneficial to Par's Hawaiian operations.

Par Pacific estimated Chinese run cuts at 2.3 million b/d and Chinese demand reduction between 2.6 million b/d and 2.7 million b/d.

"So you've obviously got a little bit of a refined product build, but a much bigger build is on the crude side where you've got 2.3 million b/d or 60 million barrels a month," Pate said.

Pate said there has been a "pretty significant" decline in crude prices, between $3/b and $5/b.

While Q2 planned turnaround at the Hawaiian refiner will cut back on crude demand, the differentials are too profitable to pass up.

Joseph Israel, Par Pacific's head of refining, said that the rise in crude differentials "are giving [the company] some motivation to increase imports rather optimizing refinery throughput" in Q1. "This is definitely the optimized mode of operation for the first quarter," he added.