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  • NEW YORK, May 9- Oil prices fell more than 3 percent on Monday after traders took in their stride the impact of wildfires on Canada's oil output and after another inventory build at the U.S. hub for crude futures. Almost all of Canada's crude from oil sands is exported to the United States. Oil prices have rebounded by some two-thirds since hitting 12- year lows of...

  • TORONTO, May 9- Canada's main stock index fell to a three-week low on Monday as lower commodity prices weighed on energy and mining stocks, while financials also fell. The index fell 1.8 percent last week, pressured by a weakening in commodity prices and a wildfire that led to production cuts in Canada's oil sands region. The most influential movers on the index on...

  • NEW YORK, May 9- Oil prices fell 2 percent or more on Monday after traders took in their stride the impact of wildfires on Canada's oil output and after another inventory build at the U.S. hub for crude futures. Almost all of Canada's crude from oil sands is exported to the United States. Oil prices have risen more than 70 percent since hitting 12- year lows of around...

  • 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...

  • wildfires@ May 8- Cogeneration power plants in the fire-ravaged Canadian oil town of Fort McMurray, Alberta, were operating at about 23 percent of capacity by Sunday afternoon, up from around 18 percent earlier in the day, as demand for power rose in the region even as a wildfire forced oil sands producers there to shut their operations. There are about 3,200 MW of...

  • May 8- Cogeneration power plants in the fire-ravaged Canadian oil town of Fort McMurray were operating at about 18 percent of capacity early Sunday, down from around 30 percent Friday afternoon, as oil sands producers in the area continue to shut their operations. There are about 3,200 MW of power cogeneration capacity serving the oil sands industry in the...

  • NEW YORK/ TORONTO, May 6- Three major oil firms have warned they will not be able to deliver on some contracts for Canadian crude, a further sign that output cuts due to wildfires are curbing supplies from the Alberta oil sands region. Suncor Energy, Canada's largest oil producer, said it had issued various force majeure notifications to customers, service...

  • NEW YORK, May 6- BP PLC said on Friday it would not be able to deliver on some contracts for Canadian crude due to a wildfire that has cut Canada's oil sands output in half and snarled supply lines. The force majeure comes after the fire this week forced the evacuation of 88,000 people from Fort McMurray, located in the heartland of Alberta's energy region, and...

  • TORONTO, May 6- Canada's main stock index rose on Friday as gold shares rallied after data tempered Federal Reserve rate hike expectations, while energy stocks also gained after oil prices turned higher. About one-third of Canada's daily oil sands crude capacity was knocked out and some pipelines were closed as a wildfire ravaged the oil town of Fort McMurray...

  • May 6- As exhausted evacuees stranded north of the fire-ravaged Canadian oil town of Fort McMurray drove through the only route out on Friday, about half of Canada's daily oil sands crude capacity was out of service and some pipelines were closed. While oil sands facilities are not in the fire's path, eleven production companies and three pipeline operators...

  • *Syn crude trades at $7/ bbl over WTI; WCS at $11.95/ bbl over WTI. *Evacuated workers, citizens moved from north of Fort McMurray. NEW YORK, May 6- Canadian crude prices were little changed on Friday following a two-day rally as a wildfire in northern Alberta kept nearly one-half of Canadian oil sands production shuttered, forcing BP's Canadian unit to warn clients of...

  • 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...

  • *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...

  • *Evacuated workers, citizens moved from north of Fort McMurray. NEW YORK, May 6- Canadian crude prices stabilized in thin trading on Friday following a two-day rally as a wildfire in northern Alberta kept nearly one-third of Canadian oil sands production shuttered, with no real clarity on when production would resume. "Clearly, while the disruptions last, they...

  • LONDON, May 6- Oil prices fell on Friday as investors cashed in on a 20- percent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations. "Currently prices are falling even with only few bearish fundamentals," said Frank Klumpp, oil analyst at Stuttgart- based Landesbank...

  • SINGAPORE, May 6- Oil prices fell on Friday, dragged down by a surging dollar and sliding Chinese commodities which at least temporarily outweighed crude supply disruptions in Canada as a result of a massive wildfire threatening its huge oil sands operations. International benchmark Brent crude futures were trading at $44.75 per barrel at 06.45 GMT, 26 cents...

  • SINGAPORE, May 6- Oil prices dipped on Friday, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada's huge oil sands operations. International benchmark Brent crude futures were trading at $44.73 per barrel at 0400 GMT, 28 cents below their last settlement.

  • BEIJING, May 6- China will take stronger action against illegal coal projects as it tries to tackle a massive capacity glut in the sector, the country's state planning agency said, after ordering the closure of 38 projects. The National Development and Reform Commission had ordered the immediate closure of the projects for breaching industry policies, it said...

  • *Fort McMurray fire results in 690,000 bpd oil production cut. SINGAPORE, May 6- Oil prices were steady on Friday after a run up on supply disruptions, especially in the Americas, where wildfires continue to rage near Canada's huge oil sand fields, tightening a market suffering global oversupply. A massive fire around the Canadian oil city of Fort McMurray has...

  • BEIJING, May 6- China will take stronger action against illegal coal projects as it tries to tackle a massive capacity glut in the sector, the country's state planning agency said in a notice posted on Friday. The National Development and Reform Commission had ordered the immediate closure of 38 coal projects that breached industry policies, it said on its...