You are here

Alberta wildfire forces oil production cuts, helps drive up crude prices

Blaze has knocked out about one million barrels a day, or 40 per cent of region's daily output, estimates IHS Energy

BT_20160510_DNCRUDE10_2270149.jpg
Speculators were losing faith in oil's rally before wildfires spread across Canada's oil-sands region, forcing the evacuation of more than 80,000 people and curtailing production.

Washington

SPECULATORS were losing faith in oil's rally before wildfires spread across Canada's oil-sands region, forcing the evacuation of more than 80,000 people and curtailing production.

West Texas Intermediate (WTI) crude sank early last week as Iraqi exports approached a...

sentifi.com

Market voices on: