Incredible fire destruction in Fort McMurray

Pinterest
Facebook
Twitter
Email

I hope everyone can assist the people of Fort McMurray any way they can to help them get through this tragic event.

The fires in Ft. McMurray are likely to expand into a weekend risk. The facilities being shut down are due to precautionary measures and not due to direct fire hit but will still lead to a monthly average oil drop of about 150 kb/d for May on a best case scenario of the fires not having any impact on any of the production or logistic assets and workers being able to quickly return to work. Given that the fires are not yet out, the impact could be higher than the best case. (Petromatrix)

The impact on Alberta natural gas could also become significant as Alberta and BC gas consumption gets turned back with many oil sands production getting temporarily shut down.