You are here

Pall remains over Canadian oil sands after wildfires

The 2016 wildfires stopped nearly all oil sands extraction and refining for an entire month, slashing production by more than a million barrels of oil a day, or 0.4 percentage point of Canada's gross domestic product, according to government statistics.

Fort McMurray, Canada

ONE year after massive wildfires swept through Alberta province in Canada's worst natural disaster in history, the future of the oil sands - which contain a third of the world's oil reserves - remains bleak.

Persistently low oil prices have forced companies to...

Market voices on: