Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc. > Inventories still declining , OPEC no spare capacity

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Comment by Oldnaggeron Jun 26, 2022 5:35pm

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Post# 34783384

RE:RE:Inventories still declining , OPEC no spare capacity

Mirko22 wrote:

Clemxb7 wrote: World oil demand rises 2nd half of the year.

Used to be when OPEC spare capacity got down to 3 or 4 million barrels WTI would rise and hold firm. Right now OPEC spare capacity is 1.6 million which will soon get immediately used up.

Eric Nutall on BNN
https://t.co/cSP3CIZPzb

it does appear Iran nuclear deal will be done with all the meetings in the past few days betwen Iraq, Iran, Saudi Arabis and EU,

Iran has tons of barrel of oil on tankers that can flood the oil market. I guess we will see the reaction to renewed hope of Iran nuke deal tomrrow.

Seeing that the G7 has had only limited success in sanctionoing Russian crude, it seems the situation has probably been similar for Iranian crude (and Venezuelan at that )
More likely is that the power of sanctions has been to stifle Capex ,meaning there will be few increases going forward until the necessary time has elapsed upon restoration of capex (at least a year ,probably more )

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