Market Impact: Slightly Positive. After market close on August 6th, COS announced Syncrude gross volumes averaged 326.1 mbbl/d during July; this is a decent production rate, although there may still be some flush production after the turnaround at the end of May. We had been assuming 3Q15e production would average 304 mbbl/d, but have increased our estimate to ~309 mbbl/d, which implies August and September production of 300 mbbl/d. Potentially, July's decent production rate could be due to bett ....
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JULY SYNCRUDE PRODUCTION 326,100 BBL/D
- Published:
06 Aug 2015 -
Author:
Michael P. Dunn -
Pages:
2
Market Impact: Slightly Positive. After market close on August 6th, COS announced Syncrude gross volumes averaged 326.1 mbbl/d during July; this is a decent production rate, although there may still be some flush production after the turnaround at the end of May. We had been assuming 3Q15e production would average 304 mbbl/d, but have increased our estimate to ~309 mbbl/d, which implies August and September production of 300 mbbl/d. Potentially, July's decent production rate could be due to bett ....