Increased production prices and strong retail fuel demand nearly doubled the quarterly earnings for Canadian oilsands heavyweight Suncor Energy Inc. 

Suncor

The Calgary producer tapped the northern Alberta oilsands for average production of 665,200 b/d, or 90% of 2022 production. That was up from 644,200 b/d in 2021.

The company, which reports in Canadian dollars (C$1.00/US 75 cents), fetched average prices in 2022 for fully upgraded, refinery-ready oilsands crude and associated diesel fuel of $118.88/bbl, versus $77.73 in 2021.

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