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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.
ENERGY
Out-of-control wildfires larger than 10 hectares in size are within 10km of 129k b/d of oil production and 9k boe/d of gas output, Bloomberg said.
- This compares to of 363k b/d of oil production and 10k boe/d of gas output that was at risk yesterday.
- A wildfire that caused Suncor to cut output at its Firebag oil-sands site and prompted Cenovus and Imperial Oil to evacuate workers is being held and no longer out of control.
- Firebag has not been immediately returned, while Cenovus are returning workers to Sunrise oil sands.
- Firebag produced 230k b/d in June, according to the Alberta Energy Regulator. The sunrise site produced around 48.9k b/d in 2023.
- Please see table for the current sites at risk.
Source: Bloomberg
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.
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