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Update: Canadian wildfires disrupt oil production


Update: Canadian wildfires disrupt oil production

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. 

What's included?

This report includes 1 file(s)

  • Canadian wildfires disrupt oil production PDF - 537.13 KB 6 Pages, 1 Tables, 3 Figures

Description

This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced macro analysts and regional sector teams are based in the key oil producing and consuming regions they analyse, providing detailed field data and demand forecasts driven by country and industry forecasts.

Wood Mackenzie's trusted insight helps you deliver successful growth strategies.

  • 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

In this report there are 4 tables or charts, including:

  • 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
    • Midwest crude oil stocks
    • Midwest gasoline stocks
  • Conclusion
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