Alberta Extends Oil Curtailment, but Increases Daily limit

Alberta Extends Oil Curtailment, but Increases Daily limit

Alberta is increasing the oil curtailment limit from 10,000 to 20,000 barrels per producer per day, and extending the program to December 2020.

The policy, which was originally implemented by the previous NDP government in January to correct an oversupply of oil in the province, was initially supposed to end this December…

 

Full story at CBC

Background: the somewhat controversial policy was originally put in place by the previous NDP government as the price of Western Canadian Select collapsed in late 2018 to as low as ~$10 / bbl

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