Wildfires erupt in Canada crude patch in threat to oil sands
One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May.
from last year’s output of 1.6 million bpd An analyst at CIBC World Markets believes Canadian oil sands production is likely to increase at a much faster pace than current industry projections. Andrew Potter said he expects production from the oil sands of northern Alberta, the world…