Province will allow for an additional 25,000 barrels per day in April, marking the second hike since the government ordered cuts in December
Premier Rachel Notley says Alberta will again ease mandatory oil production cuts due to lower storage levels.‘Bill C-69 needs to be rewritten’: Two premiers warn project approval bill will add more delaysThis will be the second increase since December when the government ordered production of raw crude oil and bitumen to be cut by 325,000 barrels per day to deal with low prices.
The government says oil storage levels are trending downward and the price difference between Alberta heavy oil and West Texas Intermediate remains narrow.
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