Alberta to allow increased production of 25,000 barrels of oil per day in April; eases mandatory production cuts

Due to lower storage levels, Premier Rachel Notley of Alberta announced the province would ease the mandatory oil production cuts and allow an increase in production of 25,000 barrels per day in April. In December of last year, the government ordered production of crude oil and bitumen to be cut 325,000 barrels per day as a strategy to throttle lowering prices.

Previously, on January 30, 2019, the government announced increased production of 75,000 per day. The reasoning is that storage levels are dropping.

“As we fight to get full value for the resources owned by all Albertans, we know that our plan is working as we continue to reduce the amount of oil we have in storage,” Notley said. “The decision to temporarily limit production was applied fairly and equitably, and our plan is working to stop allowing our resource to be sold for pennies on the dollar.”

Did you miss this?

Other Popular Stories

  • Seven electric vehicle trends for 2020 — forecasts, technology, solar and autonomous driving
  • Ford GT supercar in production at Markham's Multimatic plant
  • China to totally ban gas and diesel in new car market; with interim targets of 20% electric or hybrid by 2025
  • Solar Powered Cars — how practical is it; who is working on it; when is it coming? 5 companies profiled.
  • Economy showed mix of strength (exports), weakness (investment) in Q3
  • Audi Recall Announced Due to Emissions
  • Plastics use in cars to nearly double in four years: report
  • BMW unveils i3, the electric car of the future
  • Research: What is the temperature effect on battery backs in Electric Vehicles: charging up to 3 times longer in coldest temperatures
  • Windsor auto industry growing, needs skilled workers: report
  • Relief as Ontario company rescues closing Heinz plant
  • Worker mobility key to construction's labour shortage
  • Conditional approval for Northern Gateway pipeline
  • Interstellar Mission to Commemorate 100th Anniversary of Moon Landing
  • Recovery continues as NA car sales head for year 2000 levels
  • Canada's exports soared in June while imports fell
  • Cars and aerospace boosted Canada's manufacturing sales in November
  • Anticipation building for first test flight of Bombardier CSeries
  • 3D X-Rays Used to Measure Particle Movement in Lithium Ion Batteries
  • Stronger concrete made from recycled tires developed by UBC Engineers: could help reduce carbon footprint of 3 billion tires-a-year
Scroll to Top