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BP Declares Force Majeure on Canadian Crude Amid Wildfire

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NEW YORK, May 6 (Reuters) - BP PLC will not be able to deliver on some contracts for Canadian crude, two trading sources familiar with the matter said on Friday, the latest sign that output cuts due to the wildfires are curbing supplies from the vast oilsands region. The oil major's Canadian unit declared a "force majeure," saying several grades of Canadian crude oil would not be as readily available for its customers through the rest of May, according to the sources. - See more at: http://www.rigzone.com/news/oil_gas/a/144376/BP_Declares_Force_Majeure_on_Canadian_Crude_Amid_Wildfire?utm_source=DailyNewsletter&utm_medium=email&utm_term=2016-05-06&utm_content=&utm_campaign=industry_headlines_1#sthash.3oY4TAxV.dpuf

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