Update: Canadian wildfires disrupt oil production
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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 2 images and tables including:
- Midwest crude oil stocks
- Midwest gasoline stocks
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