HF Sinclair beats Q1 profit estimates, submits buyout bid for Holly Energy
(Reuters) -U.S. oil refiner HF Sinclair Corp beat first-quarter profit estimates on Thursday, as margins spiked from a year earlier amid tight supplies and robust demand. Refiners in the United States have benefited from favorable pricing and demand as global supplies remain tight after Western sanctions on Russia, while pandemic-era closures have resulted in low refined product inventories and boosted margins. HF Sinclair, formerly known as HollyFrontier, said its gross […]