Alberta raises oil quotas for August as rail exports grow, storage levels slip

The Alberta government says it will ease its oil production curtailment program by 25,000 barrels per day in August. The province is citing growing crude-by-rail capacity, declining oil inventory levels and improved efficiencies in export pipelines for the move. Last…

Imperial Oil cancels crude by rail shipments blaming curtailment

Imperial Oil Ltd. is cutting its crude-by-rail shipments from 168,000 barrels per day in December to “near zero” this month and its CEO is placing the blame squarely on the Alberta government’s oil production curtailment order. The collapse in discounts…

Expert panel doubts curtailment will help western Canadian oil prices after Jan. 1

A panel of experts says it’s unlikely a dramatic improvement in western Canadian oil prices since Alberta Premier Rachel Notley announced production curtailments on Dec. 2 will continue after the cuts begin on Jan. 1. The difference between Western Canadian…