OTTAWA, CANADA: Firefighters have contained a massive wildfire in Canada's oil sands region, but thick smoke on Friday continued to prevent a resumption of most oil production.
The fires, which forced the evacuation of 100,000 residents of Fort McMurray and oil facilities to the north, interrupted extraction and refining of an estimated 1.2 million barrels of oil per day.
The Canadian cutbacks have sent crude prices climbing towards the US$50 mark, by helping to reduce a global supply glut.
In the past week the blaze has doubled in size, growing to more than 500,000 hectares (1.2 million acres).
Officials told a press conference it is now in check and firefighters are confident they can hold it over the coming days, until it rains.
OTTAWA, CANADA: Firefighters have contained a massive wildfire in Canada's oil sands region, but thick smoke on Friday continued to prevent a resumption of most oil production.The fires, which forced the evacuation of 100,000 residents of Fort McMurray and oil facilities to the north, interrupted extraction and refining of an estimated 1.2 million barrels of oil per day.The Canadian cutbacks have sent crude prices climbing towards the US$50 mark, by helping to reduce a global supply glut.In the past week the blaze has doubled in size, growing to more than 500,000 hectares (1.2 million acres).Officials told a press conference it is now in check and firefighters are confident they can hold it over the coming days, until it rains.
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