Cushing, Hardisty Drain After Syncrude Shuts Down

How could a faulty electrical transformer in the middle of Canada send global oil prices soaring? On June 20, in the heart of the Alberta oil sands, a power outage hit the Syncrude facility near Fort McMurray. In an instant, Syncrude production was lost and not expected to come back right away. The Syncrude operation […]