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.

TSX:SU - Post by User

Suncor Energy Inc. > OPEC misses oil output target, again

<< Previous

Bullboard Posts

Next >>

Comment by MigraineCallon Jul 02, 2022 1:28am

193 Views

Post# 34797125

RE:OPEC misses oil output target, again

Yes, as expected. They can't even meet present quotas. It doesn't matter what they agree on now. However, they must appear to the markets that they are able to control production to keep the oil price from spiking in a free for all, like a Covid run on toilet paper. That would push the world in to an even tougher recession, reminants of 2008.

OPEC as a whole may be able to temporarily increase supply by shipping from storage, but can't increase production. As living conditions in countries deteriorate significantly caused by increasing energy and food costs, conditions are worse there now than those that sparked the Arab Spring.

Populations in some oil producting nations are revolting, and it is starting to hit the fan.

Here's what is going on in Lybia now, as they just burned down their parliament. Bye bye Lybia oil supply.

https://twitter.com/The_Real_Fly/status/1543045253296439296