Tag: Fort McMurray

Syncrude cuts oil sands operations because of wildfire

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 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 […]