Tag: Fort McMurray
Syncrude cuts oil sands operations because of wildfire
Syncrude has 2,000 evacuees staying at work camp CALGARY, Alberta, May 4 (Reuters) – The Syncrude oil sands project in northern Alberta has reduced operations to help support employees who have been forced to evacuate the nearby city of Fort McMurray because of a massive wildfire, a company spokesman said on Wednesday. Syncrude, majority owned by […]
Oil drops on bigger US stocks, tempered by Alberta oil sands area wildfires
“Oil prices could receive support from the wildfires in the Canadian oil province of Alberta” LONDON, May 4 (Reuters) – Oil prices pared gains on Wednesday as a bigger than expected gain in U.S. crude stocks tempered concerns about reduced production in Canada’s oil sands region due to a wildfire. U.S. crude stocks grew by […]
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