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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 -1.5M Gasoline - 2.55M Dist -1.045M
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Post by MigraineCallon Jul 06, 2023 11:27am
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Post# 35529254

EIA: Crude -1.5M Gasoline - 2.55M Dist -1.045M

EIA: Crude -1.5M Gasoline - 2.55M Dist -1.045MFresh lows in the big 3: Crude, Gasoline and Distillates.

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Twitter:

EIA notes: Gasoline demand indeed hits new 2022/2023 high at 9.599m b/d; overall demand of 21.2 million b/d is highest since 12/22. Refiners still hampered by heat and summer issues. Watch the West Coast - -gas stocks drop 1.3 million bbl and are 2.2 million bbl below last year.

EIA: Crude oil exports slumped to 3.9 million barrels a day, from 5.34 million in the previous week

Imports up, exports down, shockingly only a +483K adjustment and an SPR release of 1.456M

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US implied oil demand (product supplied) rose by 929kbpd w/w to 21.235mbpd last week w/w changes in kbpd gasoline +293 jet fuel -252 distillate +497 residual fuel oil +137 propane/propylene +821 other oils -568 EIA

US crude inventories fell by 2.966mb last week (commercial: -1.508mb; SPR: -1.458mb)


EIA data, week ending 6/30 Crude oil: -1.5M Domestic prod: 12.4MMbpd SPR: -1.5M Cushing: -0.4M Gasoline: -2.5M Impld mogas demand: 9.6Mbpd Distillates: -1.0M Refiner utilz: 91.1% Total exports: 9.84MMbpd

EIA (wk ending June 30) Crude: -1.508M Cushing: -0.400M Gasoline: -2.550M Distillates: -1.045M


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