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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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

Post by MigraineCallon Mar 01, 2023 10:41am
253 Views
Post# 35312358

EIA Crude +1.2 m bbls, Total petroleum drops by 3m bbls

EIA Crude +1.2 m bbls, Total petroleum drops by 3m bblsCrude exports up by 1m bpd.
Big Adjustments of 2.266 m bpd

Not a bad report during a time when we are just starting refinery turnarounds, and should be building. High demand driving season just around the corner.

Twitter:

Distillates +0.2 mm barrels (vs -0.1 exp) – implied demand – up slight, still week for time of year, near 3.835 Nutshell: Positive report. Record low net imports helps. Throughput is fine.

WTI $76.50 just before report Crude – up 1.2 mm barrels (vs +1.4 exp) – throughput – down slightly week to week, just under 15 mm bopd – imports – down 0.1 mm bopd w-tiw – exports – up a whopping 1.0 mm bopd week to week



US petroleum inventories (crude, refined products, SPR) fell by 2.982mb w/w to 1,630.076mb last week - EIA

DOE: US Crude Oil Stocks +1.166M Bbl In Wk; Seen +1M Bbl

EIA data, week ending 2/25 Crude oil: +1.2M Domestic prod: 12.3MMbpd SPR: NC Cushing: +0.3M Gasoline: -0.9M Impld mogas demand: 9.11MMbpd Distillates: +0.2M Refiner utilz: 85.8% Total exports: 11.13MMbpd


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