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Suncor increasing capital spending to $7.8B; oil production expected to rise 10%

Suncor Energy has announced a capital spending program of $7.8 billion for 2014, some $500 million more than it originally forecast for 2013.

Activity levels to rise by double digit percentages year-over-year in the U.S., says Barclays analyst.

The coalition made a mistake in cutting back capital spending when it came into office, Nick Clegg says.

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