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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

Comment by MigraineCallon Apr 12, 2023 2:42am
118 Views
Post# 35389942

RE:RE:RE:RE:Russian Crude Oil Exports Plunge

RE:RE:RE:RE:Russian Crude Oil Exports PlungeOne must follow the drop as it moves through the crude supply chain.

First you hear of it in Russian govt data releases as production cutbacks (just rumours). Check.
Next you see it confirmed in independent tanker traffic reports. Check.
Then you see it as reductions in import volume data (also opaque). Watching...
Next it is seen as inventory draws outside the US.  Watching...
Then as the arbitrage pulls more crude into the global market from the US to compensate, it will be seen as drops in US inventories.

So until more data becomes clear as to how much it will reduce global supply going forward, crude prices will respond accordingly. It should support Brent first, which pulls up WTI. Meanwhile we slowly melt up, now to $81.50 currently.

Stay tuned.

vr6loco wrote: Can't always believe the numbers. China, Pakistan and India are taking  in a lot of it, but also Saudi Arabia is taking it too. They mix it with their own and sell it to the Europe and the world. 

How would we know any different?


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