19MAR2019 - NEWS - Canadian oil producing province of Alberta increases crude production limits for May and June

The Canadian oil producing province of Alberta will increase crude production limits by 25,000 barrels per day in May and a further 25,000 bpd in June. The increases mean that by June, oil companies will be limited to 3.71 million bpd of production. Alberta mandated production cuts this year to ease congestion on export pipelines that resulted in crude getting bottlenecked in storage and the discount on Canadian heavy crude widening to record levels.

Published by Editor - www.Livebunkers.com at 19-Mar-2019 05:52:34 [UTC] , contact editor at editor@livebunkers.com