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. Bullish

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Post by MigraineCallon Jul 20, 2022 10:35am

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Post# 34836898

EIA: Another Net Draw. Bullish

US petroleum inventories (crude, oil products, SPR) fell by 3.862mb w/w to 1,688.796mb last week

US crude inventories fell by 5.443mb last week (commercial -0.445mb; -4.998SPR mb)

Crude -446K, Exp. +2.00MM
Gasoline +3.498MM
Distillates -1.295MM
Cushing +1.143MM
Production 11.9MMb/d; -100kb/d

US implied oil demand (product supplied) rose by 2.305mbpd W/w to 21.025mbpd last week w/w changes in kbpd
gasoline +459
jet fuel +280
distillate +329
residual fuel oil -214
propane/propylene +576
other oils +875 EIA

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