Alberta Wildfires Threaten an Oil Industry Working to Refill Dry Tanks
Inventories are low after US tariff threats prompted a run on Canadian crude, and that’s having global implications.
Husky Midstream oil storage containers in Hardisty, Alberta, Canada.
Photographer: Jason Franson/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, Calgary Bureau Chief Kevin Orland explores how wildfire season is hitting Alberta when its crude inventories are unusually low.
May and June typically are tense months for Alberta oil producers as the region’s wildfire season roars to life, menacing workers and operations.