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− | By Arshreet Singh and Rod Nickel<br> 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.<br> U.S.<br>refinery outages, a global glut of high sulphur fuel oil and [https:// | + | By Arshreet Singh and Rod Nickel<br> 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.<br> U.S.<br>refinery outages, [https://evigetir.com/hassasnakliye.html EvdeN Eve nAkliYAt] a global glut of high sulphur fuel oil and [https://wiki.schenker-pm.de/index.php/A_Fake_Builder_Who_Scammed_11_People_Out_Of_More_Than_%C2%A31million_And_Left_Families_With_Wrecked_Homes_Has_Been_Jailed_For_Three_Years EVdEN evE NaKliYat] the U.S. Strategic Petroleum Reserve releases of heavy sour barrels weakened demand for Western Canada Select crude in the fourth quarter.<br> Enbridge, a leading transporter of crude oil and natural gas, 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.<br> 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 [https://xxxadultfind.com/index.php/British_Man_Charged_With_Hiding_Russian_Megayacht_From_US_Sanctions EVden EVe NAKLiyAT] 91 Canadian cents per share, in the year-ago quarter.<br> Gas transmission projects account for just over half of Enbridge's C$18-billion, multi-year capital program.<br><br>If you want to see more on [https://evigetir.com/evdeneve/index.html EVDEn eVe NaKliYAT] look into our web-page. Chief Executive Greg Ebel told analysts that Enbridge is in good position to manage inflation because the timing of its projects is staggered.<br> On an adjusted basis, Enbridge earned 63 Canadian cents per share, missing analysts' average expectation of 73 Canadian cents, [https://evigetir.com/iletisim.html eVDEn eve NakLiyat] according to Refinitiv data.<br>The company cited rising interest rates in its lower adjusted earnings.<br> Enbridge shares rose 0.5% in Toronto.<br> Enbridge is in "constructive" negotiations with oil shippers on a new basis to charge for space on its Mainline, Ebel said, after the Canada Energy Regulator rejected in 2021 Enbridge's plan to sell nearly all of its space under long-term contract.<br> Enbridge currently rations Mainline space monthly and faces new competition when the Trans Mountain pipeline expansion wraps up late this year.<br> The Mainline is Canada's longest oil pipeline, [https://evigetir.com/testt.html evDeN EVE NAkliyaT] moving crude from Western Canada to [https://app.photobucket.com/search?query=refineries refineries] in Eastern Canada and the U.S.<br><br>Midwest. ($1 = 1.3447 Canadian dollars) (Reporting by Arshreet Singh and Rod Nickel; Editing by Devika Syamnath and Marguerita Choy)<br> |