Refining Boosts Husky Profits

摘要

Husky Energy, Canada's No.3 oil producer and refiner, reported a 16% rise in fourth-quarter net profit as cheaper crude oil fattened refining margins. Husky, along with compatriots Suncor Energy and Imperial Oil, has taken advantage of a wide gulf between the price of oil in the glutted North American interior and expensive imported crude. That spread has been building as booming production in both Canada and the US floods the market in the US Midwest and Midcontinent regions, the major market for Canadian crude.