Sunday, May 08, 2016

McMurray Saves The Price Of Oil But Spells Doom For The Canadian Economy

More oilsands production shutdown as Fort McMurray fire continues to rage, knocking one million barrels offline

CALGARY - The raging wildfire burning through vast areas in and around Fort McMurray has forced more nearby oilsands companies to shut down their operations and forced staff and output reductions at more far-flung facilities in northern Alberta. Oilsands production shutdown from Fort McMurray wildfire another blow to sector Suncor, Royal Dutch, Syncrude, Husky and Connacher…