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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
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Post by MigraineCallon Apr 29, 2023 2:47am
279 Views
Post# 35420551

Russia withholds oil data

Russia withholds oil dataAnas Alhajji's take on Russia's decision to stop publishing oil and gas data, and what it means to the oil market:


https://afalhajji.substack.com/p/daily-energy-report-8d2?r=1vkr3y&utm_campaign=post&utm_medium=web


Breaking News:

The Russian government has decided to stop publishing statistics on oil and gas output for a year, until April 2024, the Russian state news agency TASS reported. 

The Federal Service for State Statistics (Rosstat) did not publish the monthly oil production data in its latest economic report which was published on Wednesday. 

EOA’s Main Takeaway:

Russia is doing exactly what Iran did when its oil production and exports started declining. That means Moscow will not provide its production data to OPEC+, or the oil producers group will not publish the Russian data if it is provided. 

This latest Russian decision means that the possibility of a decline in production and exports is now higher than before.  Additionally, the quality of data on the global oil market will continue to deteriorate. 

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