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Wildfires Shut Down 350,000 Bpd of Alberta Oil Output
Canada’s Alberta province is facing one of its worst early-season wildfire crises in recent memory, with industry officials confirming on Monday that over 50% of the province’s oil production has been forced offline as flames sweep through critical infrastructure zones. The shutdown equates to roughly 1.3 million barrels per day, sending shockwaves through global energy markets, Bloomberg reported. Seven key oil producers have scaled back or halted operations entirely. The fires have triggered evacuations in production hubs…