CNBC Utilities Page Catastrophe

  • FORT MCMURRAY, Alberta, May 10- Oil sands companies around wildfire-hit Fort McMurray hoped to resume production on Tuesday after an initial inspection found the Canadian boomtown was less severely damaged than first feared. Royal Dutch Shell Plc resumed production at its operation in the center of Canada's oil sands region, while Enbridge Inc began...

  • FORT MCMURRAY, Alberta, May 10- Repair crews on Tuesday assessed wildfire damage to Fort McMurray after an initial inspection by officials showed the Canadian energy boomtown was spared the worst as nearby oil sands companies looked to resume production. But the blaze that began on May 1 continued to burn through the province of Alberta, engulfing 229,000...

  • Deadly Tornado rips through OK

    A massive tornado tore through parts of Oklahoma on Monday killing two people, caught on video by storm chaser Gabe Cox.

  • FORT MCMURRAY, Alberta, May 10- Repair crews were expected to assess wildfire damage to the Canadian energy boomtown of Fort McMurray on Tuesday as the oil sands companies surrounding the ravaged city looked at bringing production back on line. Alberta Premier Rachel Notley said they were encouraged by how much of it escaped destruction, estimating almost 90...

  • FORT MCMURRAY, Alberta, May 9- Canadian officials who got their first glimpse on Monday of the oil sands boomtown of Fort McMurray since a wildfire erupted said they were encouraged by how much of it escaped destruction, estimating almost 90 percent of its buildings were saved. Alberta Premier Rachel Notley said 2,400 structures had burned within the city while...

  • *June Syn trades at $2.65/ bbl over WTI. NEW YORK, May 9- Canadian crude prices climbed further on Monday as a raging wildfire in northern Alberta entered a second week and traders braced for possible supply constraints as the blaze had spurred some producers to shut facilities as a precaution. That was about half the total output from Canada's oil sands.

  • Alberta's premiere, Rachel Notley, will lead local officials and media on an inspection of Fort McMurray, whose 88,000 inhabitants fled the blaze that broke out on May 1. Canada's largest property and casualty insurer Intact Financial Corp expects to suffer losses ranging from C $130 million to C $160 million from the wildfire. Previous analysts' estimates,...

  • *June Syn trades at $2.65/ bbl over WTI. NEW YORK, May 9- Canadian crude prices climbed further on Monday as a raging wildfire in northern Alberta entered a second week and traders braced for possible supply constraints as the blaze had spurred some producers to shut facilities as a precaution. That's about half the total output from Canada's oil sands.

  • Alberta's premiere, Rachel Notley, was set to lead local officials and media on an inspection of oil sands boomtown Fort McMurray, whose 88,000 inhabitants barely had time to flee the blaze that broke out on May 1. Temperatures cooled on Monday, with a forecast high of 10 C, down from Sunday's high of 17 C, with Environment Canada forecasting a 40 percent chance of...

  • Alberta's premiere, Rachel Notley, was set to lead local officials and media on an inspection of oil sands boomtown Fort McMurray, whose 88,000 inhabitants barely had time to flee the blaze that broke out on May 1. The wildfire scorching through Canada's oil sands region in northeast Alberta had been expected to double in size, but light rains and cooler...

  • Oklahoma Tornado

    A dangerous storm system threatened to spawn tornadoes and large hail in its march across the Plains states on Monday, according to forecasters.

  • *Over a third of Canada's total output offline. LONDON, May 9- Oil rallied on Monday as Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, but caution among investors prevented a return to late April's 2016 price highs. The lost capacity is equivalent to well over a third of the country's typical...

  • NEW YORK/ CONKLIN, Alberta, May 8- The mass evacuation of residents from the wildfire-devastated Canadian oil town of Fort McMurray is likely to significantly delay the restart of production, even though energy facilities themselves have escaped major damage from the flames. Energy facilities were barely touched through the first week of Alberta's...

  • NEW YORK, May 6- Oil prices edged up on Friday, supported by an early dip in the dollar and a wildfire that has shrunk Canadian oil sands crude output by a third, but Brent still ended with its sharpest weekly drop in four months as investors cashed out of April's big rally. Reports of a militant attack on a Chevron platform in Nigeria's oil-rich Niger Delta region and a...

  • Police identify Maryland shooter suspect

    Maryland police have identified a suspect in the two Maryland shootings that occurred Friday, reports CNBC's Sue Herera.

  • Three shot, one killed in Maryland

    CNBC's Sue Herera reports on two incidents in Maryland.

  • CONKLIN/ LAC LA BICHE, May 6- A convoy of stranded residents sped back through the Canadian oil town of Fort McMurray, escaping the fire-ravaged region under police escort on Friday, taking the only route out as the massive wildfire spread. Fire enveloped Fort McMurray, burning some 210,000 acres in the area, forcing 88,000 people to flee on Tuesday and Wednesday,...

  • *Canadian wildfire and Nigeria attacks add support. A wildfire that has shrunk Canadian oil sands crude production by a third and reports of a militant attack on a Chevron platform in Nigeria's oil-rich Niger Delta region also supported prices, analysts said. "The global surplus still exists and there is still a possibility that oil prices could retrace...

  • CONKLIN/ LAC LA BICHE, May 6- A convoy of stranded residents drove back through the Canadian oil town of Fort McMurray, escaping the fire-ravaged region under police escort on Friday, taking the only route out as the massive wildfire spread. Fire enveloped Fort McMurray, burning some 210,000 acres in the area, forcing 88,000 people to flee on Tuesday and Wednesday,...

  • CONKLIN/ LAC LA BICHE, May 6- Canada's government sent trucks and helicopters on Friday to safely remove thousands of evacuees stranded north of a wildfire that ravaged nearly a quarter million acres around the Canadian oil town of Fort McMurray, Alberta. The out-of-control wildfire has consumed entire neighborhoods in Fort McMurray, forcing 88,000 to...