Canada's Alberta extends oil curtailments through 2020 due to slow pipeline progress

The government of Canada's main oil-producing province, Alberta, said on Tu...

- The government of Canada’s main oil-producing province, Alberta, said on Tuesday it was extending mandatory curtailments on crude production by an extra year through 2020, because of uncertainty about when expanded pipelines may come online.

Premier Jason Kenney’s United Conservative Party government, which took office in the spring, has steadily eased curtailments as inventories drained. The government also said it would raise the exemption in the curtailment formula for all oil producers to 20,000 barrels per day from 10,000 bpd, effective in October. The move means that curtailment will apply to only 16 of Alberta’s 300 oil producers, down from 29 companies currently.

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