Oil production cuts could mean a positive return locally
MEDICINE HAT, AB — Premier Rachel Notley has come out with a short-term plan to help address the oil price differential hitting the province.
“Beginning on January 1st, the province of Alberta will mandate an across the board reduction of 325,000 barrels per day in production, or roughly 8.7 per cent,” she said, Sunday.
The idea is that the market will stabilize and help close the gap.