Fort McMurray Wildfires: Canadian Oil Sands Producers Cut Output As Alberta Fires Rage
Wildfires raged overnight through Canada’s oil-rich Alberta province, delivering a second blow to an industry already suffering from the collapse in oil prices.
Authorities early Wednesday were racing to evacuate all of Fort McMurray’s 80,000 residents as hot, dry winds threatened to further fan the flames, Reuters reported. Some oil and gas companies said they would reduce output and downsize their staffing plans in response to the blaze.