Suncor Energy Inc T.SU

EIA US Crude draw .215, Net draw after SPR: -4.8

[MigraineCall]

Even with a smaller SPR release, crude has a draw.
Demand increasing.
Supply decreasing.
Bullish.

Tracy ( )

 

@chigrl

·

16s

 

EIA (wk ending 23 Sept)
Crude: -0.215M
Cushing: 0.692M
Gasoline: -2.422M
Distillates: -2.892M

First Squawk

 

@FirstSquawk

·

14s

 

U.S CRUDE OIL INVENTORIES ACTUAL: -215K VS 1141K PREVIOUS; EST 2000K
U.S CUSHING CRUDE OIL INVENTORIES ACTUAL: 692K VS 343K PREVIOUS
U.S GASOLINE INVENTORIES ACTUAL: -2422K VS 1570K PREVIOUS; EST 500K
U.S DISTILLATE INVENTORY ACTUAL: -2891K VS 1230K PREVIOUS; EST 600K

zerohedge

 

@zerohedge

·

35s

 

Crude -215K, Exp. +2.00MM
Gasoline -2.422MM
Distillates -2.891MM
Cushing +692K
Production -100kb/s to 12mmb/d
BIden's weekly Strategic Petroleum Reserve drain: 4.575 million barrels, lowest since July 1984

Giovanni Staunovo

 

@staunovo

·

36s

 

US implied oil demand (product supplied) rose by 1.832mbpd w/w to 20.770mbpd w/w
changes in kbpd gasoline +503
jet fuel +660
distillate +769
residual fuel oil +337
propane/propylene +66
other oils -503 EIA

 

 

 

 

 

 

 

Z4 Energy Research

 

@ZmansEnrgyBrain

·

2m

 

Replying to

@ZmansEnrgyBrain

Distillates -2.9 mm barrels (vs -1.0 exp) - implied demand -up 0.77 mm bpd w-t-w - good bounce, fine for time of year having run low of late. #oott

#oott

Z4 Energy Research

 

@ZmansEnrgyBrain

·

2m

 

Replying to

@ZmansEnrgyBrain

Nutshell: Positive on headline #'s, more mixed on internals. Odd dip on production but again, just not showing much growth their YTD. Refining off as maintenance starts so we got bailed out in the end by net import drop. ... Energy Research

 

@ZmansEnrgyBrain

·

2m

 

Replying to

@ZmansEnrgyBrain

- L48 oil production - reported down 0.1 mm bopd w-t-w Gasoline -2.4 mm barrels (vs -1.0 exp) - implied demand- up 0.5 mm bpd to w-t-w - better late than never, still weakish for time of year.
 

 

 

 

 

 

 

 

Z4 Energy Research

 

@ZmansEnrgyBrain

·

2m

 

Call it just positive side of neutral but given pullback in prices of late this is fine and it highlights what happens to crude stocks on a lower SPR number (think about 6 or so weeks from now on that). #oott

Z4 Energy Research

 

@ZmansEnrgyBrain

·

4m

 

Oil Inventory Quick Look WTI up $1.50 to $1.80 just prior Crude -0.2 mm barrels (vs +2.0 exp) - SPR release of 4.6 mm - throughput - fell to 15.75 mm bopd, down 0.6 mm bopd week to week - imports - down 0.5 mm bopd w-t-w - exports - up 1.1 mm bopd w-t-w

 

[Bigbear7405]

How much was exported?  They were talking about that on BNN this morning.  Lots are being shipped to Europe.  If Biden wants inventories to go up why not ban exports?

[MigraineCall]

You can poke around here on the EIA site all day for more import/export detail. I usually let the experts I follow on Twitter show me the way as I may be blocked from Thailand and the site is buggy for me. https://www.eia.gov/todayinenergy/detail.php?id=53999 No posts on exports, but I found another on imports: