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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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Post by MigraineCallon May 25, 2022 10:43am
214 Views
Post# 34706283

Inventories: The draining continues

Inventories: The draining continuesFrom Twitter:

US crude inventories fell by 6.990mb last week (commercial: -1.019mb; SPR: -5.971mb) EIA

EIA (wk ending 20 May)
Crude: -1.019M
Cushing: -1.061M
Gasoline: -0.482M
Distillates: 1.657M


Oil Inventory Quick Look WTI at $110.80 (up about $0.80) just prior to report Crude down 1.0 mm barrels (vs -1.5 exp) - SPR down 6 mm - throughput - 16.269 mm bopd, up > 0.3 mm bopd week to week, new high for 2022. - imports - down slightly week to week
- exports - big up, up 0.82 mm bopd week to week to 4.341 mm bopd - said before, will say again, SPR is going to get largely exported. This is one of the highest export levels on record. - L48 oil production - dipped 0.1 mm bopd week to week.


U.S. CRUDE STOCKS IN SPR LAST WEEK FELL TO ITS LOWEST SINCE SEPT 1987 - EIA

Can repeat this headline every week until the midterms
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