CNBC's Deirdre Bosa reports the latest updates on wildfires in Canada. » Read More
The massive wildfire near Fort McMurray in Alberta has prompted companies, including Suncor Energy Inc and Shell Canada, to shutter nearly one-third of the nation's oil sands production and has closed key pipelines. Canadian Natural's production could go down to 70,000 barrels per day if the company's Horizon oil sands project- located just north of Fort...
ALBERTA OFFICIAL: FOCUS ON PROTECTING CRITICAL INFRASTRUCTURE, CONDITIONS REMAIN "TINDER DRY".
ALBERTA OFFICIAL SAYS WILDFIRE GREW RAPIDLY LATE WEDNESDAY, NOW AT 85,000 HECTARES.
Thom Porter, California Fire Chief in the southern region, discusses evacuating the area, and preparing for these types of disasters.
*Wildfire razes Canadian oil town; some pipelines to U.S. shut Fighting in Libya escalates, disrupting supplies. NEW YORK, May 5- Oil prices jumped about 2 percent on Thursday, resuming their rally from last week, as a raging wildfire cut production from Canada's oil sands region and escalating Libyan violence raised more worries about immediate oil supplies than...
ANZAC, Alberta, May 5- A massive wildfire near Fort McMurray in Alberta, Canada, that has grown to five times its initial size has spread south, forcing more evacuations on Thursday after 88,000 people fled the city in the nation's energy heartland. Officials issued mandatory evacuation orders for the Anzac, Gregoire Lake Estates and Fort McMurray First Nation...
CNBC's Deirdre Bosa speaks to "Fast Money Halftime Report" about the condition of the raging Alberta wildfire, saying the PM Trudeau announced a match for Red Cross donations for the wildfire damage.
CANADIAN NATURAL RESOURCES SAYS HAS SEEN SOME ALBERTA OIL SANDS OPERATIONS OUTAGES, BUT CURRENT OPERATIONS REMAIN STABLE AT THIS TIME.
May 5- The wildfire that raged unchecked on Thursday in the city of Fort McMurray in the heart of the Canadian oil sands region knocked out as much as a third of the nation's daily crude capacity and closed some major pipelines. -Nexen Energy, a wholly owned subsidiary of China's CNOOC, said late on Wednesday that it was shutting its Long Lake oil sands facility.
*Fighting in Libya escalates, disrupting supplies. In Libya, the state's already crippled oil production was at further risk from a stand-off between eastern and western political factions that prevented a Glencore cargo from loading. Brent futures were up $1, or 2.2 percent, at $45.62 a barrel by 10:51 a.m. EDT, after soaring more than $2 earlier to $46.77.
CNBC's Deirdre Bosa reports from Wood Buffalo, Alberta, where wildfires have destroyed over 18,000 acres.
NEW YORK— Stocks closed mostly unchanged on Thursday, as an earlier rally in oil prices faded and investors waited for the release of a closely watched jobs report on Friday. The Dow Jones industrial average rose 9.45 points, or less than 0.1 percent, to 17,660.71. The Standard& Poor's 500 index fell 0.49 of a point, less than 0.1 percent, to 2,050.63 and the Nasdaq...
May 5- Canadian auto parts maker Magna International Inc reported a higher-than-expected first-quarter profit and raised its full-year sales forecast for a second time, boosted by strong vehicle sales in North America and Europe. Net income from continuing operations attributable to Magna rose 8 percent to $492 million, or $1.22 per share, in the quarter...
TORONTO _ McEwen Mining Inc. on Thursday reported first-quarter net income of $13 million. The Toronto- based company said it had net income of 4 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
*Fort McMurray evacuees told to head to oil sand camps. *Fighting in Libya escalates, disrupts supplies. LONDON, May 5- A wildfire threatening Canada's oil sands region and escalating tensions in Libya sparked concern among investors over a near-term supply shortage, driving crude oil prices up by 3 percent on Thursday.
OTTAWA, Ontario _ Mitel Networks Corp. on Thursday reported a first-quarter loss of $22.4 million, after reporting a profit in the same period a year earlier. For the current quarter ending in July, Mitel Networks expects its per-share earnings to range from 10 cents to 16 cents. Mitel Networks shares have fallen 13 percent since the beginning of the year.
TORONTO _ Manulife Financial Corp. on Thursday reported first-quarter net income of $761.7 million. On a per-share basis, the Toronto- based company said it had profit of 37 cents. Keywords: Manulife Financial, Earnings Report.
Losses due to damage from the wildfire burning near the heart of Canada's oil sands region could total $1-billion.
May 5- Canadian auto parts maker Magna International Inc reported a higher first-quarter profit and raised its full-year sales forecast for a second time, boosted by an strong vehicle sales in North America and Europe. Net income from continuing operations attributable to Magna rose 8 percent to $492 million, or $1.22 per share, in the quarter ended March 31.
ANZAC, Alberta, May 5- A massive wildfire near Fort McMurray in Alberta, Canada, that has grown to five times its initial size has spread south, forcing more evacuations on Thursday after 88,000 people fled the city in the nation's energy heartland. Late Wednesday, flames fanned south from Fort McMurray, the main city in Canada's oil sands region.