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Reuters first with force majeure declared by Canadian Natural Resources

Reuters first with force majeure declared by Canadian Natural Resources

Reuters was an hour ahead of Bloomberg on Jan. 12 in reporting that Canadian Natural Resources had declared force majeure on oil shipments following a fire at its Horizon oil sands plant. While earlier news of the outage had rattled traders, the story underscored the possible longevity of the disruption and pushed up the premium for Canadian synthetic crude oil in the cash market.

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