Overview

• Forty-nine active fires have burned over 4,800 square kilometres in Alberta, with half still uncontrolled.
• Major producers Cenovus Energy, Canadian Natural Resources and MEG Energy have evacuated non-essential staff and halted roughly 350,000 barrels per day of heavy crude output.
• Cenovus reports no infrastructure damage at its Christina Lake operation and anticipates a full restart in the near term.
• The production outage tightens an already scarce global supply of heavy crude and could increase pressure on U.S. refineries and gasoline prices.
• Oil companies and authorities are coordinating evacuations, safety protocols and ongoing fire monitoring across Alberta and adjacent provinces.