The
Its operating earnings excluding some one-time items was
That compared with a loss of
Suncor's total upstream production over the three months ended
Net synthetic crude oil production increased to 437,200 barrels per day, up from 436,600 bbls/d a year earlier as upgrader utilization increased three percentage points to 96 per cent.
"In the first half of 2021, we achieved strong oilsands Base mining and upgrading production and consecutive quarterly production records at In Situ leading to the best start to the year in the company’s history at oilsands operations," stated CEO
"During the quarter we completed significant turnaround activities at Syncrude and across all our refineries. Following the quarter, we've ramped up our assets and are positioned for a strong second half of 2021."
The company says fuel demand in the quarter was about 13 per cent below the pre-COVID period in 2019, but the lifting of many restrictions in July has reduced that shortfall to six per cent.
This report by
Companies in this story: (TSX:SU)
© 2021 The Canadian Press. All rights reserved., source