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 US Crude draw .215, Net draw after SPR: -4.8

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Comment by Bigbear7405on Sep 28, 2022 12:40pm

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Post# 34992525

RE:EIA US Crude draw .215, Net draw after SPR: -4.8

How much was exported? They were talking about that on BNN this morning. Lots are being shipped to Europe. If Biden wants inventories to go up why not ban exports?

MigraineCall wrote:
Even with a smaller SPR release, crude has a draw.
Demand increasing.
Supply decreasing.
Bullish.

Tracy ( )

@chigrl

16s

EIA (wk ending 23 Sept)
Crude: -0.215M
Cushing: 0.692M
Gasoline: -2.422M
Distillates: -2.892M

First Squawk

@FirstSquawk

14s

U.S CRUDE OIL INVENTORIES ACTUAL: -215K VS 1141K PREVIOUS; EST 2000K
U.S CUSHING CRUDE OIL INVENTORIES ACTUAL: 692K VS 343K PREVIOUS
U.S GASOLINE INVENTORIES ACTUAL: -2422K VS 1570K PREVIOUS; EST 500K
U.S DISTILLATE INVENTORY ACTUAL: -2891K VS 1230K PREVIOUS; EST 600K

zerohedge

@zerohedge

35s

Crude -215K, Exp. +2.00MM
Gasoline -2.422MM
Distillates -2.891MM
Cushing +692K
Production -100kb/s to 12mmb/d
BIden's weekly Strategic Petroleum Reserve drain: 4.575 million barrels, lowest since July 1984

Giovanni Staunovo

@staunovo

36s

US implied oil demand (product supplied) rose by 1.832mbpd w/w to 20.770mbpd w/w
changes in kbpd gasoline +503
jet fuel +660
distillate +769
residual fuel oil +337
propane/propylene +66
other oils -503 EIA

Z4 Energy Research

@ZmansEnrgyBrain

2m

Replying to
@ZmansEnrgyBrain

Distillates -2.9 mm barrels (vs -1.0 exp) - implied demand -up 0.77 mm bpd w-t-w - good bounce, fine for time of year having run low of late. #oott

#oott

Z4 Energy Research

@ZmansEnrgyBrain

2m

Replying to
@ZmansEnrgyBrain

Nutshell: Positive on headline #'s, more mixed on internals. Odd dip on production but again, just not showing much growth their YTD. Refining off as maintenance starts so we got bailed out in the end by net import drop. ... Energy Research

@ZmansEnrgyBrain

2m

Replying to
@ZmansEnrgyBrain

- L48 oil production - reported down 0.1 mm bopd w-t-w Gasoline -2.4 mm barrels (vs -1.0 exp) - implied demand- up 0.5 mm bpd to w-t-w - better late than never, still weakish for time of year.

Z4 Energy Research

@ZmansEnrgyBrain

2m

Call it just positive side of neutral but given pullback in prices of late this is fine and it highlights what happens to crude stocks on a lower SPR number (think about 6 or so weeks from now on that). #oott

Z4 Energy Research

@ZmansEnrgyBrain

4m

Oil Inventory Quick Look WTI up $1.50 to $1.80 just prior Crude -0.2 mm barrels (vs +2.0 exp) - SPR release of 4.6 mm - throughput - fell to 15.75 mm bopd, down 0.6 mm bopd week to week - imports - down 0.5 mm bopd w-t-w - exports - up 1.1 mm bopd w-t-w