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. > EIA Crude -2.17, Gasoline +1, Dist +0.4

<< Previous

Bullboard Posts

Next >>

Post by MigraineCallon Sep 27, 2023 10:57am

162 Views

Post# 35656852

EIA Crude -2.17, Gasoline +1, Dist +0.4

Lower implied demand numbers reflect normal seasonal drop.
Adjustment numbers drop.
Net imports rise to 1.76mm bpd.
Cushing tanks near bottom.

EIA (wk ending 22 Sept)
Crude: -2.170M
Cushing: -0.943M
Gasoline: 1.027M
Distillates: 0.398M

User image

US implied oil demand (product supplied) fell by 773kbpd w/w to 20.141mbpd w/w changes in kbpd
gasoline +209
jet fuel +11
distillate -194
residual fuel oil +136
propane/propylene -701
other oils -236

User image

Cushing Tanks Bottoming:

User image

US crude inventories fell by 3.419mb last week
(commercial: -2.169mb, SPR -0.250mb) - EIA

User image

According to

@EIAgov

weekly preliminary data, the US has imported exactly 383,000 b/d of Saudi crude oil for three consecutives. Not a single barrel up or down over the three weeks. This has never happened ever since we have weekly data starting in 2010. I'm a bit skeptical.

PADD 1 flashing warnings... refinery utilization plummeted 18.2 percentage points to 71.8%, distillates becoming concerning

DOE has finally given up trying to "fudge" oil inventory higher. Adjustment factor tumbles to 8 month low

User image