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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

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

Post by MigraineCallon Oct 26, 2022 10:38am
147 Views
Post# 35049569

EIA Net Draw: Crude, Product, SPR, -5M bbls

EIA Net Draw: Crude, Product, SPR, -5M bblsTwitter:

US petroleum (crude, oil products, SPR) inventories fell by 5.070mb w/w to 1,626.530mb last week - EIA

EIA (wk ending 21 Oct) Crude: 2.588M Cushing: 0.667M Gasoline: -1.478M Distillates: 0.170M

 
EIA data, week ending 10/22 Crude oil: +2.6M Domestic prod: 12.0MMbpd SPR: -3.4M Cushing: +0.7M Gasoline: -1.5M Impld mogas demand: 8.93Mbpd Distillates: +0.2M Refiner utilz: 88.9% Total exports: 11.4MMbpd #oil #OOTT #gasbuddy #eia

US crude inventories fell by 0.829mb last week (commercial +2.588mb, SPR -3.417mb)

U.S CRUDE OIL INVENTORIES ACTUAL: 2588K VS -1725K PREVIOUS; EST 1500K U.S CUSHING CRUDE OIL INVENTORIES ACTUAL: 667K VS 583K PREVIOUS U.S GASOLINE INVENTORIES ACTUAL: -1478K VS -114K PREVIOUS; EST -1500K U.S DISTILLATE INVENTORY ACTUAL: 170K VS 124K PREVIOUS; EST -1000K

Crude +2.588MM, Exp. +1.5MM Gasoline -1.478MM Distillates +170K Cushing +667K Production 12.0MMb/d, unch SPR drain 3.417MM

US implied oil demand (product supplied) fell by 174kbpd w/w to 20.587mbpd last week w/w changes in kbpd gasoline +252 jet fuel +271 distillate -194 residual fuel oil -202 propane/propylene -766 other oils +465 EIA #oott
 
 
 
 
 
 
 
 
US crude exports were at record 5.129mbpd last week according to EIA #oott

 


Total US Crude Inventories plunging fast: Oct 26, 2022: 

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