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Canada Wildfires Fail to Dent Oil Sands Production

OIL
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Fire crews are reported to still be responding to wildfires burning near Canada’s oil sand hub of Fort McMurray.

  • Rainfall and cooler temperatures in the past couple of days have aided firefighters in reducing fire activity but the wildfire remains out of control.
  • Rystad Energy said in a research note that oil companies including Suncor, Canadian Natural Resources and Syncrude have not yet indicated any impact to their operations near Fort McMurray this week.
  • Evacuated residents from Fort McMurray this week may return to the city early next week.
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Fire crews are reported to still be responding to wildfires burning near Canada’s oil sand hub of Fort McMurray.

  • Rainfall and cooler temperatures in the past couple of days have aided firefighters in reducing fire activity but the wildfire remains out of control.
  • Rystad Energy said in a research note that oil companies including Suncor, Canadian Natural Resources and Syncrude have not yet indicated any impact to their operations near Fort McMurray this week.
  • Evacuated residents from Fort McMurray this week may return to the city early next week.