Suncor Energy Inc. T.SU

This weekend.....

[Chad123]

Couple of things might happen this weekend.
US banning russian oil and a deal with Iran. Don't think the US would do one without the other as  Biden will do everything possible to not have high gas prices for his Comrades.
I am basing this off of this article below and the continuing rise of oil price:

https://www.bnnbloomberg.ca/white-house-considering-ban-on-russian-oil-imports-to-u-s-1.1732712

https://www.bnnbloomberg.ca/white-house-considering-ban-on-russian-oil-imports-to-u-s-1.1732712

GLTA

[liljohnnyjoke]

Sanctions on Russian oil mean nothing to China, they will take all they can get They already get plenty from Iran and Venezuala as well They will take all ores and metals etc as well To manufacture iphones and Nikes to ship and sell in USA

[quesea]

I believe that's kinda becoming a problem for China et all ? USA/world has become less interested in buying Chinese products until they buy something in return. "Trade Deficit". And vice/versa for China.  Russia can sell China all the Oil, Nat Gas & Agriculture Products they want BUT Russia will not be buying much from China because the avg Russians are (shockingly) poor

[Mirko22]

Iran has over 30M in storages and tankers they have, Such an influx of oii should have impact or price of OIL. US has no choice at this time to make the deal with Iran.

[liljohnnyjoke]

to bad we don't have any extra capacity pipelines https://www.worldometers.info/oil/oil-reserves-by-country/

[Bigbear7405]

The fastest depleting reserves in the world is the US at 35 billion.