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Suncor Surges on Oil Prices and Refining | Calgary News
Description
Suncor Energy’s Q2 earnings soared past forecasts, fueled by higher oil prices and stronger refining margins—thanks to Middle East tensions pushing Brent crude toward $100 a barrel and Canadian oil looking more stable. Their refineries hit record processing levels and ran at higher capacity, though upstream output dipped slightly due to planned Firebag maintenance. It’s a mixed bag: global events help, but Suncor’s own decisions shape the results.
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