Canadian crude exports by rail uneconomic amid output cuts: Suncor executive

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Canadian crude exports by rail uneconomic amid output cuts: Suncor executive
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Canada's mandated oil production cuts are preventing Suncor Energy Inc, one...

FILE PHOTO: A Suncor refinery is seen in Sherwood Park, near Edmonton, Alberta, Canada, November 13, 2016. REUTERS/Chris Helgren/File Photo

The Canadian oil producer is “interested in rail economics going forward,” but the rise in Canadian heavy crude prices since the December mandated production cuts have made rail shipments “difficult to justify,” said Steve Reynish, a Suncor executive vice president, at the CERAWeek conference.

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