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Rains Stall Wildfire Near Canadian Oil-Sands Hub

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

A large wildfire near the Candain oil sands city of Fort McMurray stalled overnight and was not expected to advance on Thursday during wet weather, the local authority said May 16, cited by Reuters.

  • The region received rain for a few hours through the night and the forecast for the next few days is for more precipitation.
  • The fires remain around 5.5km from the outskirts of the city.
  • While oil sands production has not been directly impacted, the main concern is likely worker shortages due to evacuations of around 6,600 people from the city.
  • Residents who have left are not able to return until May 21 at the earliest.
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A large wildfire near the Candain oil sands city of Fort McMurray stalled overnight and was not expected to advance on Thursday during wet weather, the local authority said May 16, cited by Reuters.

  • The region received rain for a few hours through the night and the forecast for the next few days is for more precipitation.
  • The fires remain around 5.5km from the outskirts of the city.
  • While oil sands production has not been directly impacted, the main concern is likely worker shortages due to evacuations of around 6,600 people from the city.
  • Residents who have left are not able to return until May 21 at the earliest.