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However, an 18.9% year-on-year rise in China's oil refinery throughput in April to the second-highest level on record helped to keep a floor under crude prices. The IEA raised its forecast for global oil demand this year by 200,000 bpd to a record 102 million bpd. It said China's recovery after the lifting of COVID-19 curbs had surpassed expectations, with demand reaching a record 16 million bpd in March. In another bullish development, the U.S. Department of Energy on Monday said it would buy 3 million barrels of crude oil for delivery in August in a move to begin refilling the Strategic Petroleum Reserve. Meanwhile, U.S. commercial crude stocks fell by about 1.3 million barrels last week, according to analysts polled by Reuters.

☆ Pacific Northwest Starts Sizzling Under Heat Dome
▼ + stars: | 2023-05-14 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

Wildfires erupted in the western Canadian province of Alberta earlier than usual this season. Photo: Government of Alberta Fire Service/Associated PressMore than 12 million people across the Pacific Northwest are under a weekend heat advisory as unseasonably high temperatures as high as the 90s take hold across the region. A heat dome created by a high pressure area could raise temperatures at least 20 degrees above normal and may worsen wildfires in western Canada, according to the National Weather Service Weather Prediction Center.

OTTAWA, May 13 (Reuters) - Canada's main oil-producing province of Alberta faces another hot and dry weekend, with warnings of more intense wildfires after blazes forced thousands to evacuate homes and temporarily shuttered energy production. Residents forced to evacuate early this month say they are frustrated with the indefinite displacement. "We are expecting hot and dry conditions in most of the province, which will make the wildfire danger climb," Alberta Wildfire official Josee St-Onge told a briefing on Friday. Recent cooling and rain helped firefighters tackle some blazes and restored most of the energy production, but expectations of rising weekend temperatures have fanned worries. On Friday, the town of Drayton Valley told residents in a Facebook post that they should expect to be out of their homes "at least another week."

☆ Oil recoups losses on plans for SPR refill, higher seasonal demand
▼ + stars: | 2023-05-09 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

Companies Bank of America Corp FollowTOKYO, May 9 (Reuters) - Oil prices ticked up on Tuesday, reversing a more than 2% drop earlier in the session, as markets weighed U.S. government's plans to refill the nation's emergency oil reserve and anticipated higher seasonal demand. Brent crude settled 43 cents, or 0.6% higher, at $77.44 a barrel, while U.S. West Texas Intermediate (WTI) crude closed up 24 cents, or 0.3%, at $73.39. Biden administration plans to begin purchasing oil to replenish the Strategic Petroleum Reserve helped cover speculative short positions, said Robert Yawger, executive director of energy futures at Mizuho. A report from the Energy Information Administration (EIA) pointing to higher seasonal demand and lower-than-expected output also supported prices. "We expect the seasonal rise in oil consumption and a drop in OPEC crude oil production to put some upward pressure on crude oil prices in the coming months," the Energy Information Administration said in its Short-Term Energy Outlook.

☆ Oil prices ease in cautious trade ahead of US inflation data
▼ + stars: | 2023-05-09 | by ( Emily Chow | ) www.reuters.com time to read: +2 min

TOKYO, May 9 (Reuters) - Oil prices fell on Tuesday, relinquishing some of the strong gains of the previous two sessions with the market cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve's next interest rate decision. "Oil prices have rebounded somewhat in the last two sessions, so now is time for a pause ... with no real positive data coming out," said Suvro Sarkar, lead energy analyst at DBS Bank. "The market is cautious today ahead of the inflation data.... With net long positions declining sharply over the last two weeks, a lot of traders are already out of the market, so volumes are low." "If tomorrow's CPI data remains at around 5% by market consensus, and if the core CPI does not drop significantly, it will likely continue to support the rise in oil prices," said CMC Markets analyst Leon Li. While oil markets fell sharply last week, prices rose on Friday and Monday as fears of recession eased in the U.S., the world's biggest oil consumer, and some traders saw crude's three-week slide on demand worries as overdone.

TOKYO, May 9 (Reuters) - Oil prices fell on Tuesday, relinquishing some of the strong gains in the previous two sessions while the market remained cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve's next interest rate decision. "Oil prices have rebounded somewhat in the last two sessions, so now is time for a pause ... with no real positive data coming out," said Suvro Sarkar, lead energy analyst at DBS Bank. "The market is cautious today ahead of the inflation data.... With net long positions declining sharply over the last two weeks, a lot of traders are already out of the market, so volumes are low." While oil markets fell sharply last week, prices rose on Friday and Monday as fears of recession eased in the U.S., the world's biggest oil consumer, and some traders saw crude's three-week slide on demand worries as overdone. "Oil prices won't be able to rise that much from here given all the growth demand fears, but expectations are high for OPEC+ to try to keep prices above the $70 a barrel level," Moya's note said.

☆ Oil prices dip in cautious trade ahead of U.S. inflation data
▼ + stars: | 2023-05-09 | by ( Katya Golubkova | ) www.reuters.com time to read: +2 min

TOKYO, May 9 (Reuters) - Oil prices fell in early trade on Tuesday, paring strong gains from the previous two sessions as markets remain cautious ahead of U.S. inflation figures for April which will be key to the Federal Reserve's next interest rate decision. Markets are awaiting U.S. consumer price inflation figures for April due on Wednesday to provide some indication on the U.S. central bank's next rate decision. U.S. consumers said last month they expected slightly lower inflation in a year's time, a report showed on Monday. While oil markets fell sharply last week, prices rose on Friday and Monday as fears of recession in the U.S., the world's biggest oil consumer, eased and some traders saw crude's three-week slide on demand worries as overdone. "Oil prices won't be able to rise that much from here given all the growth demand fears, but expectations are high for OPEC+ to try to keep prices above the $70 a barrel level," Moya's note said.

CALGARY, Alberta — Judy Greenwood did not want to leave. In much of the western province of Alberta, this time of year has long been wildfire season. As of Tuesday after, about 24,000 people were out of their homes in the sparsely populated, largely northern areas of the province as 88 active wildfires were burning across nearly one million acres. There have already been 412 fires this season — which typically runs from March 1 to Oct. 31 — an unusually high number. And for residents of vulnerable areas, that has evoked uneasy memories of 2016, when raging flames moved from the forest into the oil sands capital of Fort McMurray, Alberta.

☆ Alberta issues emergency alert for four armed, dangerous suspects
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 8 (Reuters) - The Canadian province of Alberta issued an emergency alert on Monday for the area of Sunchild and O'Chiese First Nations due to four "armed and dangerous" individuals in that area. The alert was issued at 1:17 PM (7:17 GMT)and is expected to end on Tuesday. The Royal Canadian Mounted Police in Alberta said it was investigating multiple firearms complaints in the Sunchild and O'Chiese First Nations and asked residents to shelter in place. "RCMP are actively looking for 4 suspects, 2 of which are identified as 28-year-old Colin Beaverbones and 25-year-old Boyd Beaverbones. These suspects are considered armed and dangerous.

☆ More than 24,000 people evacuated in Western Canada as 103 wildfires burn
▼ + stars: | 2023-05-06 | by ( Mirna Alsharif | ) www.cnbc.com time to read: +4 min

Over 24,000 residents throughout Western Canada have been ordered to evacuate their homes to escape active wildfires in the province of Alberta. Smith activated the Emergency Management Cabinet Committee in response to the wildfires, which has been meeting daily since Friday. All options are on the table, including declaring a provincial state of emergency, Smith added. Fourteen counties and communities have declared states of local emergency, including Brazeau, Grande Prairie, Parkland and Lac Ste. Anne counties, as well as the Beaver Lake Cree Nation.

☆ More than 13,000 Are Evacuated as Wildfires Burn in Western Canada
▼ + stars: | 2023-05-06 | by ( Mike Ives | ) www.nytimes.com time to read: 1 min

More than 13,000 people have been evacuated from the western Canadian province of Alberta as dozens of wildfires burn there, officials said on Friday. About 78 active wildfires were burning across the province as of Friday morning, and 19 of them were classified as “out of control,” Stephen Lacroix, the managing director of the Alberta Emergency Management Agency, said at a news conference on Friday morning in Edmonton, the provincial capital. He called the situation “evolving and extremely fluid.”By late Friday evening, the website of the province’s wildfire agency showed that the number of active wildfires had grown to more than 100, more than a third of them out of control. A spokeswoman for the Alberta government declined to comment on Friday night, referring a reporter to the province’s website and social media pages.

May 4 (Reuters) - Canada's Enbridge Inc (ENB.TO) said on Thursday it has reached a 7-1/2-year toll agreement with oil shippers for its Mainline crude pipeline system, one of North America's biggest, after scrapping earlier plans for long-term contracts. The agreement means that, if approved, Enbridge would continue to ration space on a monthly basis. Enbridge spent years trying to convince shippers and then the Canada Energy Regulator (CER) to sell space on the Mainline under long-term contracts. Some Canadian oil producers objected, while companies with refineries were in favor of contracts. The new agreement covers 70% of Mainline deliveries, with the remaining 30% covered by a pre-existing agreement.

OTTAWA, March 30 (Reuters) - Canada's province of Alberta - the heart of the country's oil and gas industry - is expected to offer more support for carbon capture utilization and storage (CCUS) projects now that the federal government has its incentives in place, the federal natural resources minister told Reuters on Thursday. This week, Canada's federal budget expanded eligibility for CCUS investment tax credits over the next five years, by adding C$520 million to the C$2.6 billion program laid out in last year's budget. Natural Resources Minister Jonathan Wilkinson said he has had many conversations with the Alberta government on CCUS, including one earlier this week, and he hopes to see some of the major CCUS projects launched by end-year. In an interview with Reuters in January, Trudeau urged Alberta to contribute to CCUS. ($1 = 1.3526 Canadian dollars)Reporting by Steve Scherer and Nia Williams Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

[1/2] The processing facility at an oil sands operations near Fort McMurray, Alberta, September 17, 2014. The company joins Canada's biggest oil producers in urging policymakers to boost public funding for the costly technology that is seen as key to cutting emissions from the carbon-intensive oil sands. Until then, the company will pay Canada's carbon tax, set to rise to C$170 a tonne by 2030, Nicholson said. Canada's oil sands produced a record 3.15 million bpd in 2022 and are forecast to hit 3.7 million bpd by 2030, according to S&P Global. "The oil sands are long-life, low-decline assets," said Wood Mackenzie analyst Scott Norlin.

☆ Canada's Trudeau urges Alberta to contribute to carbon-capture incentives
▼ + stars: | 2023-01-06 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

"We've seen for a while Alberta hesitating around investing in anything related to climate change. But CCUS is one of those tangible things," Trudeau told Reuters in an interview. The Canadian oil and gas industry wants a level playing field as Ottawa targets net zero emissions by 2050, the same goal set by U.S. President Joe Biden. "One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta," Trudeau said. In the interview, Trudeau also took aim at his main rival, Conservative Party leader Pierre Poilievre, for casting Canada as "broken".

Companies TC Energy Corp FollowDec 23 (Reuters) - TC Energy Corp (TRP.TO) on Friday said that a U.S. regulator had approved a restart plan for an idled segment of its Keystone oil pipeline to Cushing, Oklahoma, and it looked to restore service after several days of testing and inspections. The 622,000-barrel-per-day (bpd) pipeline was shut on Dec. 7 after it spilled 14,000 barrels of oil in rural Kansas, the biggest U.S. spill in nine years. The shutdown reduced the flow of Canadian crude to Gulf refineries, but it has had little impact on Canadian oil prices, partly because of ample storage in Alberta. Pipeline and Hazardous Materials Safety Administration (PHMSA) approved the restart plan, TC said. Frigid weather at the spill site may slow work, TC said.

☆ Alberta, Canada, quake revised down to 4.8 magnitude-EMSC
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 29 (Reuters) - An earthquake measuring 4.8 magnitude struck the Canadian province of Alberta on Tuesday, the European Mediterranean Seismological Centre said. The quake, which stuck 357 kilometers (222 miles)northwest of the city of Edmonton, was at a depth of 2 km, EMSC said. EMSC revised the magnitude after first reporting the earthquake was of magnitude 5.9. Reporting by Akriti Sharma in Bengaluru Editing by Chris Reese and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

A tanker truck used to haul oil products operates at an oil facility near Brooks, Alberta, Canada April 18, 2018. Oil and gas is Canada's highest-polluting sector, but also contributes around 7.5% annually to national GDP and is a major employer in Alberta. The province has already "invested or committed" C$1.8 billion ($1.3 billion) to develop CCS, Puddifant said. Over the last decade, the Alberta government has invested in infrastructure including the Quest carbon capture project, operated by Shell (SHEL.L) and the Alberta Carbon Trunk Line. In March, Alberta picked six proposals to move forward on developing a carbon storage hub near Edmonton.

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