Alberta announces short-term oil production cuts to address price differential
EDMONTON, AB — The provincial government is implementing a short-term reduction in oil production beginning in 2019 in an effort to address the oil price differential that’s affecting Alberta.
Premier Rachel Notley announced the province will cut oil production by 8.7 per cent starting on January 1 in an attempt to help stabilize the oil market and help close the differential.
The premier hinted at the plan during an op-ed published on Friday.