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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.


TSX:SU - Post by User

Suncor Energy Inc > EIA: 16.3m build due to 13.8m 'Adjustment'
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Post by MigraineCallon Feb 15, 2023 10:39am
450 Views
Post# 35287293

EIA: 16.3m build due to 13.8m 'Adjustment'

EIA: 16.3m build due to 13.8m 'Adjustment'Big Crude build due to an inventory calculation 'Adjustment'. LOL

Market knows better to fall for the headfake...


*US PADD 5 GASOLINE STOCKS FALL TO LOWEST SINCE AUG. 2015: EIA
*US EAST COAST CRUDE STOCKS FALL TO LOWEST SINCE JAN 2022:EIA

Crude +16.283M, Exp. +2.0M Distillates -1.285M, Exp. +1.0M Gasoline +2.316M, Exp. +1.5M Cushing +659K Production unch

Crude oil supply adjustment rose by 2.669mbpd to 1,967mbpd last week - EIA

EIA (wk ending 10 Feb) Crude: 16.283M Cushing: 0.659M Gasoline: 2.317M Distillates: -1.285M


US implied oil demand (product supplied) rose by -1.234mbpd w/w to 19.302mbpd last week w/w changes in kbpd gasoline -154 jet fuel -101 distillate +132 residual fuel oil +525 propane/proplylene -821 other oils -821 EIA
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