CNBC Utilities Page Catastrophe

More

  • 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...

  • 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...

  • *Fort McMurray residents will be unable to return for a while. CONKLIN/ LAC LA BICHE, Alberta, May 5- The 88,000 residents who fled a wildfire that has ravaged the Canadian oil town of Fort McMurray in Alberta will not be able to return home anytime soon, officials warned on Thursday, even as the inferno edged slowly south. "The damage to the community of Fort McMurray is...

  • CONKLIN/ LAC LA BICHE, Alberta, May 5- A catastrophic wildfire that has forced all 88,000 residents to flee Fort McMurray in Alberta, Canada exploded tenfold in size on Thursday, cutting off evacuees in camps north of the city and putting communities to the south in extreme danger. The out-of-control blaze has burned down whole neighborhoods of Fort McMurray in...

  • NEW YORK, May 5- Canadian crude prices rallied on Thursday as a raging wildfire in northern Alberta shuttered nearly one-third of the nation's oil sands production and closed some pipelines, raising concerns about temporary shortages of feedstock to U.S. refineries. The massive fire forced all 88,000 residents of Fort McMurray, home to thousands of oil sands...

  • LAC LA BICHE, Alberta, May 5- A catastrophic wildfire that has forced all 88,000 residents to flee Fort McMurray in Alberta, Canada exploded tenfold in size on Thursday, cutting off evacuees in camps and shelters north of the city. The out-of-control blaze has burned down entire neighborhoods of Fort McMurray in Canada's energy heartland and forced a...

  • May 5- The wildfire that raged on Thursday in Fort McMurray in the heart of the Canadian oil sands region knocked out as much as a third of Canada's daily crude capacity and closed some 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. Long Lake can produce around 50,000...