CALGARY, Canada (Bloomberg) -- It’s a long way to send oil from Canada’s landlocked province of Alberta to refineries on the coasts. For Suncor Energy Inc., that can have its advantages: record profit. Canada’s largest oil producer by market value moved more crude by rail and on new pipelines like TransCanada Corp.’s Gulf Coast system to earn higher prices and reduce its refining feedstock costs in the first quarter.
..»
Suncor uses rail, new pipelines to reach record profit
![Suncor uses rail, new pipelines to reach record profit]()
Reviewed by Crude Oil Facilitators
on
20:41
Rating:
No comments:
Post a Comment