Suncor’s C$2.1 Billion Profit Reveals Canada’s Jet-Fuel Opening
Suncor Energy reported C$2.1 billion in first-quarter net earnings, driven by record refined product sales of 680,900 barrels a day and strong exports to markets including Puerto Rico and the Philippines. Net earnings rose from C$1.69 billion a year earlier. The company shipped 14 diesel cargoes from Vancouver in the quarter, up sharply from last year. Upstream production reached 875,200 barrels a day.