WCS/WTI Spread Lowest since 2009
Canada’s oil production for May 2015 is believed to have dropped below the 4 MMBOPD mark for the first time in nearly two years, according to an estimate from Barclays.

Maintenance season contributes to an expected decrease in volumes, but the unexpected element of scores of wildfires forced operators and residents to evacuate regions of northern Alberta. It is believed that nobody has been harmed in the 35 active fires throughout the region. A day of rain offered a slight break for firefighters, and the ris...

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