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The Digest

The Heavy Reading morning crude briefing, and its full edition archive.

The morning crude briefing, published daily at 5:35 AM Mountain: overnight geopolitics through a supply/demand lens, flat prices, cracks and positioning, Canadian egress and refinery watch, and the 12-month forward strip of the liquid Canadian diffs. Every edition carries its data vintages.

This section: Latest edition · Edition archive

About

Each edition is built from public data only: ICE, EIA, AER ST3/ST39/ST53, CER, StatCan, company guidance, and wire reporting. Quotes that cannot be verified from a public source are described as such, never printed as levels.

Sources

Sources
PublisherDatasetURLPublishedVintage / coverageRetrieved
Alberta Energy RegulatorST3: Alberta Energy Resource Industries Monthly Statisticshttps://www.aer.ca/data-and-performance/data-and-publications/statistical-reports/st3MonthlyActuals through 2026-07 (latest file vintage 2026-08-27)2026-09-22
Alberta Energy RegulatorST53: In-situ project data (BITUMEN sheet)https://www.aer.ca/data-and-performance/data-and-publications/statistical-reports/st53MonthlyActuals through 2026-072026-09-22
Alberta Energy RegulatorST39: Mine and upgrader facility dataURL not recordedMonthlyActuals through 2026-052026-09-22
Canada Energy RegulatorPipeline throughput, capacity and apportionment (open data)https://www.cer-rec.gc.ca/open/energy/throughput-capacity/Monthly, ~3-month lagJan 2018 to Jun 20262026-09-22
Company disclosuresQuarterlies, budget releases, investor presentations, earnings callsURLs per record in the forward maintenance calendarAs publishedForward maintenance calendar window 2026-10-01 to 2027-09-30, compiled 2026-09-222026-09-22
Heavy Reading modelWCSB S&D dashboard build (21 granular leaves, grade layer, maintenance math)No public URL (model build)Per buildForecast built 2026-09-22; Aug-Sep 2026 nowcast built 2026-09-232026-09-23
U.S. Energy Information AdministrationWeekly Petroleum Status Report (WPSR): weekly preliminary crude imports by country (Table 8), weekly crude exportshttps://www.eia.govWeeklySep 2025 to Sep 2026 weekly series2026-09-23
Organization of the Petroleum Exporting Countries (OPEC)Monthly Oil Market Report (MOMR): Venezuela crude production, secondary sources and direct communicationhttps://www.opec.orgMonthlyVenezuela production series via Aug 2026 MOMR Tables 5-7/5-82026-09-24
ICEDelayed futures quoteshttps://www.ice.comDailyBrent settles referenced in weekly digest pricingPer edition
Statistics CanadaCanadian energy series referenced in weekly digest editionshttps://www.statcan.gc.caAs publishedSeries per digest editionPer edition
Suncor EnergyQuarterly results, budget/guidance releases, investor presentations, earnings callsURLs per record in the forward maintenance calendarAs publishedForward maintenance outlook; project profiles2026-09-22
Canadian Natural Resources (CNRL)Quarterly results, budget/guidance releases, investor presentations, earnings callsURLs per record in the forward maintenance calendarAs publishedForward maintenance outlook; project profiles2026-09-22
Imperial OilQuarterly results, budget/guidance releases, investor presentations, earnings callsURLs per record in the forward maintenance calendarAs publishedForward maintenance outlook; project profiles2026-09-22
Cenovus EnergyQuarterly results, budget/guidance releases, investor presentations, earnings callsURLs per record in the forward maintenance calendarAs publishedForward maintenance outlook; project profiles2026-09-22
ReutersWire reporting cited on watch pages: Venezuela Merey pricing, Signal Maritime freight rateshttps://www.reuters.comAs publishedVenezuela watch Sep 2026; geopolitical watch pages2026-09-24
The Associated PressWire reporting cited on geopolitical watch pageshttps://apnews.comAs publishedPer watch pagePer watch page
OilPrice.comVitol Merey offer to China (Bloomberg-sourced), Jan 2026https://oilprice.com/Latest-Energy-News/World-News/China-Is-Importing-Its-Last-Ultra-Cheap-Sanctioned-Venezuelan-Oil.htmlAs publishedVenezuela watch, Jan 20262026-09-23
Signal MaritimeAframax freight rates, Jose terminal to USGC, reported via ReutersURL not recordedAs publishedVenezuela watch, Jan/Sep 20262026-09-24
U.S. Department of EnergyStrategic Petroleum Reserve (SPR) data and policy statementshttps://www.energy.govAs publishedSPR & storage watchPer watch page
Commercial storageLicensed market-data inputs embedded in model builds; vendor identities withheld per licence termsNot disclosedPer licenceAs embedded in buildsPer build

Every number on this page traces to a row above. Anything missing its own source line is flagged in place; nothing ships with an unsourced number.