Commodities
Fires Rage in Canada’s Main Energy Hub, Threatening Region’s Oil Production
- Alberta’s wildfire numbers rise amid warm, dry conditions
- Emergency officials warn peak burning period still ahead
A burnt landscape caused by wildfires near Entrance, Alberta.
Photographer: Megan Albu/AFP/Getty ImagesThis article is for subscribers only.
Shifting fires across Canada’s main energy-producing province are prompting drillers to throttle back production once again — more than a week after the blazes began — and officials are warning of worsening conditions ahead.
Athabasca Oil Corp. joined Chevron Corp., Crescent Point Energy Corp. and others in reporting renewed shutdowns in Alberta due to the fires. Industry consultant Rystad Energy estimates natural gas curtailments have reached the equivalent of about 250,000 barrels of oil output a day.