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 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.

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Suncor Energy Inc > Inventories still declining , OPEC no spare capacity

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Post by Clemxb7on Jun 26, 2022 9:33am

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Post# 34782954

Inventories still declining , OPEC no spare capacity

World oil demand rises 2nd half of the year.

Used to be when OPEC spare capacity got down to 3 or 4 million barrels WTI would rise and hold firm. Right now OPEC spare capacity is 1.6 million which will soon get immediately used up.

Eric Nutall on BNN
https://t.co/cSP3CIZPzb

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