Weekly Canadian refinery crude oil runs saw a dip in July, but had since recovered (see red line in left chart below), according to weekly data through August 4 released by the Canadian Energy Regulator on August 25. The drop in utilization was in Ontario (see red line in right chart below) and likely reflects unplanned downtime at the Nanticoke refinery noted by Imperial Oil on its Q2 conference call.
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- Analyst Insight
Q2 2026 Earnings Calls: Imperial Oil Highlights Potential to Double Production
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