Saskatchewan Won’t Cut Oil Production
Edmonton, Regina — On Dec. 2, Alberta Premier Rachel Notley announced that her province would be temporarily curtailing oil production by 325,000 bbls/d to address the province’s current storage glut, a result of insufficient takeaway capacity via pipelines. The result has been oil prices for Western Canadian Select so low the province’s energy resources are “being sold for pennies on the dollar,” according to the premier.
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