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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | T.CVE.WT

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Comment by andy604on Feb 13, 2024 5:49pm
220 Views
Post# 35878613

RE:RE:API Inventory big build

RE:RE:API Inventory big build

Refinery Outage Delays Next Oil Price Rally

  • The Whiting refinery outage may have had a dampening effect on WTI crude prices.
  • The Whiting refinery, with a total capacity of 435,000 barrels of crude daily, experienced a site-wide electric outage that prompted a shutdown to assess the situation and inspect the facility for damage.
  • Besides the accumulation of crude that seems unavoidable and is prompting traders to dump their oil contracts, the Whiting shutdown will also likely tighten fuel inventories regionally.

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