BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

New Home Sales Activity And Prices Continue To Cool

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Canada’s Oil Output Steady amid Wildfire Threat: Goldman Sachs

OIL
Energy BulletsHomepagemarkets-real-timeBulletCommoditiesCanada Bank of Canada Market News

Canada’s oil production has remained largely stable, but the risk that wildfires pose to the industry is growing, Goldman Sachs said July 23.

  • "Rising concerns over spreading Canada wildfires have not materialized into severe production disruptions yet, with our Canada production nowcast increasing in July, in line with our expectations," GS said.
  • However, the worst of the wildfires is likely yet to come, and around 0.4m b/d of oilsands production is likely at risk, the bank said.
  • An evacuation order was issued July 22 for the Town of Jasper and Jasper National Park in the province of Alberta due to wildfires.
101 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Canada’s oil production has remained largely stable, but the risk that wildfires pose to the industry is growing, Goldman Sachs said July 23.

  • "Rising concerns over spreading Canada wildfires have not materialized into severe production disruptions yet, with our Canada production nowcast increasing in July, in line with our expectations," GS said.
  • However, the worst of the wildfires is likely yet to come, and around 0.4m b/d of oilsands production is likely at risk, the bank said.
  • An evacuation order was issued July 22 for the Town of Jasper and Jasper National Park in the province of Alberta due to wildfires.