The government of Canada's main crude-producing province Alberta said on Thursday companies will be limited to producing 3.71 million barrels per day of crude in July, keeping curtailments unchanged from June.
Alberta introduced mandatory production curtailments, effective Jan. 1, to ease a glut of crude in storage that had pushed Canadian crude prices to record discounts versus U.S. barrels.
(Reporting by Nia Williams; Editing by Cynthia Osterman)
Alberta says July oil production limit will be 3.71 million bpd
The government of Canada's main crude-producing province Alberta said on Thursday companies will be limited to producing 3.71 million barrels per day of crude in July, keeping curtailments unchanged from June.
Alberta introduced mandatory production curtailments, effective Jan. 1, to ease a glut of crude in storage that had pushed Canadian crude prices to record discounts versus U.S. barrels.
(Reporting by Nia Williams; Editing by Cynthia Osterman)