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

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Post by MigraineCallon Mar 05, 2023 9:20am

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Post# 35319829

Mexico Olmeca Refinery: Tighter WCS Diff in a Bear Gas Crack

Coming this summer to a theater near you...

AMLO's new Mexican 340kbpd Olmeca refinery will be starting up, allowing Mexico to become more energy independent, to process their own heavy crude instead of sending it to the USGC, and then buying it back as gasoline.

This is one reason WCS differentials are tightening at the moment, as the Gulf refiners anticipate the loss of a significant supply of Mexican heavy oil.

Good for Canadian heavy oil producers shipping to the gulf.

Question is, if they lost a gasoline customer, where will the excess USGC gasoline go then?

Keep an eye on your crack.

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