Alberta wildfires and U.S. sanctions deliver one-two punch to Canadian energy and critical minerals sector Wildfires in Alberta have halted 344,000 barrels per day of oil production, affecting 7% of Canada’s total crude output, with major producers like Cenovus, MEG Energy and Canadian Natural facing disruptions. Shell issued a force majeure at its 300,000 barrel per day Scotford, Alberta upgrader after a unit tripped, cutting March deliveries by approximately 20%. Sherritt International has shut down its Fort Saskatchewan cobalt refinery due to expanded U.S. sanctions on Cuba halting feedstock supply, leaving it idle until mining in Cuba resumes. The shutdown…

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