Canada's Alberta eases crude oil production limit for May and June

  • Mar 19, 2019
  • Reuters - Africa

CALGARY, Alberta, March 18 (Reuters) - The Canadian oil-producing province of Alberta will increase crude production limit by 25,000 barrels per day in May and a further 25,000 bpd in June, the government said on Monday.

The 50,000 bpd increase means that by June oil companies will be limited to 3.71 million bpd of production.

Alberta mandated temporary production cuts effective Jan. 1 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. (Reporting by Nia Williams; Editing by Sandra Maler)