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 > EIA: Another net draw in Crude + SPR

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Comment by MigraineCallon Jul 13, 2022 10:50am

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Post# 34820663

RE:EIA: Another net draw in Crude + SPR

Clarification: Lower 48 production reported up by 600 kbbl/day from last year. It is 100k lower than last week.

MigraineCall wrote: Yet another net draw in crude, SPR, and product.

Data includes July 4 holiday Monday, so will take a week for data to wash out.

This net draw happened even while lower 48 production reported being up 600k bbls/day.

US crude inventories fell by 3.627mb last week (commercial +3.254mb, SPR -6.881mb) - EIA

EIA (wk ending 8 July)
Crude: 3.254M
Cushing: 0.316M
Gasoline: 5.825M
Distillates: 2.668M

US implied oil demand (product supplied) fell by 1.744mbpd w/w to 18.720mbpd last week w/w changes in kbpd gasoline -1351 jet fuel -437 distillate -1014 residual fuel oil +253 other oils +836 EIA