Insight
Update: Canadian wildfires disrupt oil production
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wildfires have engulfed Fort McMurray in the heartland of Canada's oil sands leading to Alberta's largest mass evacuation. Although the fires have not directly impacted oil installations, there have been significant production cuts. In this paper, we assess the size and nature of the production cuts and we consider the secondary impact of the fire on the oil markets.
Table of contents
- Not all shut-ins will impact the market immediately
- Key factors that could impact near-term production
- Record high US oil stocks could cushion production cuts
- Conclusion
Tables and charts
This report includes the following images and tables:
-
Midwest crude oil stocksMidwest gasoline stocks
What's included
This report contains:
Other reports you may be interested in
Asset Report
Crescent Energy - Lower 48 Upstream
Upstream valuation for Crescent Energy Gulf Coast, Permian and Rockies assets.
$22,800
Insight
Global oil supply short-term update - February 2026
Global oil supply lowered in near term, as pressure mounts on Russian exports
$1,350
Insight
Global oil supply short-term update - January 2026
Global supply revised up due to Venezuela and North America upgrades. OPEC+ policy remains unchanged.
$1,350
