CALGARY - Suncor Energy Inc. (TSE:SU) says it expects to restore more of its oilsands production by the end of this week.
The Calgary-based company says start up activities have begun at its oilsands base plant north of Fort McMurray, Alta.
TORONTO - The Canadian dollar weakened against its broadly firmer U.S. counterpart on Wednesday as a wildfire threatened oil sands facilities in Alberta, while global oil prices seesawed.
CALGARY — More oilsands companies have been forced to reduce or shut down production as the raging wildfire that started near Fort McMurray spreads south to new producing areas.
The price of crude is rising this morning as the wildfire in Fort McMurray, Alta., slows oilsands production.
The Wood Buffalo region of Alberta is the economic heart of the province, and key to world oil markets. It produces more than half of Canada's oil each day and is an important exporter to the United States.
