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Wildfire Threat to Oil-Sands Capital Seen Easing as Winds Shift

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

The threat of a wildfire in the hub of Canada’s oil-sands industry is abating as temperatures cool and winds shift, although the chance of rains putting out the flames entirely is low, Bloomberg said.

  • The blaze near Fort McMurray, Alberta, grew overnight to 21k hectares.
  • Winds are expected to weaken and push the fire away from Fort McMurra.
  • However, the fire remains a threat to the city, parts of which were ordered to evacuate on Monday.
  • The bulk of Canada’s 4.9m b/d oil-sands production is around Fort McMurray.
  • Although the oil-sands mines and well are well outside of city limits, operations will be affected as many employees live in the town and may be evacuated.
  • Suncor Energy, an oil-sands mine operator, said that evacuations haven’t affected operations.
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The threat of a wildfire in the hub of Canada’s oil-sands industry is abating as temperatures cool and winds shift, although the chance of rains putting out the flames entirely is low, Bloomberg said.

  • The blaze near Fort McMurray, Alberta, grew overnight to 21k hectares.
  • Winds are expected to weaken and push the fire away from Fort McMurra.
  • However, the fire remains a threat to the city, parts of which were ordered to evacuate on Monday.
  • The bulk of Canada’s 4.9m b/d oil-sands production is around Fort McMurray.
  • Although the oil-sands mines and well are well outside of city limits, operations will be affected as many employees live in the town and may be evacuated.
  • Suncor Energy, an oil-sands mine operator, said that evacuations haven’t affected operations.