Wildfire Threat to Canada’s Oil-Sands Eases as Rain Approaches

Rain in the heart of the Canadian oil-sands region is reducing the threat of a wildfire that resulted in evacuation orders May 10, according to Bloomberg.

• It added that a town near British Columbia’s gas-producing region remained in danger.
• Showers expected today may help contain the 6.6k-hectre fire near Fort McMurray, Alberta.
• However, Reuters cited the Canadian government which warned in April that the nation faces another catastrophic wildfire season, boosted by El Nino weather conditions.
• Canada had its worst-ever wildfire season in 2023, which took 300k b/d of oil offline at its worst points.
• While Fort McMurray was unaffected by last year’s wildfires, over 1m b/d of production was shuttered during wildfires eight years ago.