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Suncor Energy Inc. (SU)

NYSE - Nasdaq Real-time price. Currency in USD
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38.04-0.05 (-0.13%)
At close: 04:00PM EDT
38.04 0.00 (0.00%)
After hours: 06:00PM EDT
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  • Reuters

    Canadian oil output steady amid growing wildfire threat, Goldman Sachs says

    "Rising concerns over spreading Canada wildfires have not materialized into severe production disruptions yet, with our Canada production nowcast increasing in July, in line with our expectations," the bank said in a note. However, the worst of the wildfire season is likely yet to come, and a third of Alberta wildfires are burning out of control, threatening 0.4 million barrels per day of oilsands production, Goldman Sachs noted. Meanwhile, "as the oil market looked through rising tensions between Israel and Yemen and Biden's exit from the election race, the risk premium remains nearly zero and the average July Brent price is at our inventory-based $85/bbl forecast," analysts at Goldman Sachs said in a note.

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    SLB Q2 Earnings Beat Estimates, Revenues Rise Year Over Year

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