Canada wildfire knocks out nearly 1.07 million bpd of crude capacity May 10, 2016 - 10:02 AMT PanARMENIAN.Net - Oil producers and refiners braced on Monday, May 9 for a prolonged shutdown and possible supply constraints from Canada's vast oil sands region as nearly 1.07 million barrels per day of capacity remained offline with a destructive wildfire continuing into a second week, Reuters reports. Cooler and possibly wetter weather was set to help firefighters battling the massive blaze as Canadian officials got their first glimpse of the oil sands boomtown of Fort McMurray since the blaze erupted and saw a "heartbreaking" number of destroyed homes but a largely intact downtown business area. About half of the nation's oil sands capacity remained shut, according to Reuters calculations, as energy firms kept facilities closed as a precaution, forcing at least three major oil companies to warn they will not be able to meet all contracts for Canadian crude. Syncrude Canada Ltd will cut forecast May crude production volumes by some 35 percent, three trading sources familiar with the matter said on Monday.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Former Pashinyan envoy urges end to Genocide speculation  Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia.Armenian cemetery in Fresno hit by arsons six times since January Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance.Iran vows to “decisively” defend sovereignty, national interests The Iranian embassy in Armenia has defended its “defensive and proportional action in in occupied Palestine.” |
