By Arshreet Singh and Rod Nickel<\/p>\n
Feb 10 (Reuters) – North American pipeline operator Enbridge Inc on Friday posted a quarterly loss from a year-ago profit as it took a non-cash C$2.5 billion ($1.86 billion) hit from higher cost of capital related to its natural gas transmission business.<\/p>\n
U.S.refinery outages, a global glut of high sulphur fuel oil and the U. Should you loved this information and you want to receive more information relating to eVden EVe nAKLiYAt<\/a> generously visit our web-site. S. Strategic Petroleum Reserve releases of heavy sour barrels weakened demand for Western Canada Select crude in the fourth quarter.<\/p>\n Enbridge, a leading transporter of crude oil and natural gas, eVdeN EvE NAKLiYat<\/a> delivered 3.1 million barrels of oil per day (bpd) on its Mainline system, slightly higher than the 3 million bpd delivered a year ago.<\/p>\n The Calgary-based company lost C$1.07 billion, or 53 Canadian cents, in the fourth quarter, compared with a profit of C$1.84 billion, or eVDeN evE NakLiyAt<\/a> 91 Canadian cents per share, in the year-ago quarter.<\/p>\n Gas transmission projects account for just over half of Enbridge’s C$18-billion, EVDeN evE nakliYAt<\/a> multi-year capital program.Chief Executive Greg Ebel told analysts that Enbridge is in good position to manage inflation because the timing of its projects is staggered.<\/p>\n On an adjusted basis, Enbridge earned 63 Canadian cents per share, missing analysts’ average expectation of 73 Canadian cents, EVden EVE naKliyAT<\/a> according to Refinitiv data.The company cited rising interest rates in its lower adjusted earnings.<\/p>\n