The largest shutdown of Canadian crude in oil sands history could be over as early as mid-May if producers in Northern Alberta are able to safely resume operations, return employees to site, and resume exports on third-party pipelines.
More than 1 million barrels per day of oil sands production — about 40% of the region’s total output — has been shut in since a wildfire broke out near Fort McMurray, Alberta on 1 May.
Nearly