Alberta Premier Rachel Notley speaks to cabinet members in Edmonton on Monday December 3, 2018. (THE CANADIAN PRESS/Jason Franson)

Premier Rachel Notley says Alberta to ease oil production cuts

Alberta is allowing increased production in February and March by 75,000 barrels per day

Alberta Premier Rachel Notley says the province is easing mandatory oil production cuts as the value of oil increases.

Last month, the province ordered production of raw crude oil and bitumen to be reduced by 325,000 barrels per day to deal with low prices.

Notley says Alberta is allowing increased production in February and March by 75,000 barrels per day.

Notley says the December decision has helped draw storage levels of oil down.

READ MORE: Alberta buying its own rail cars to move oil without feds, Notley says

The premier says Alberta is not out of the woods yet, but the temporary production cut is working.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Mary Lowther column: Your plants need to feed, too, as they produce your food

Growing plants require extra nutrients beyond what they begin with when sown or planted.

VIDEO: Province agrees to fund investigation of new bypass road for Lake Cowichan

Province won’t build the road but is ready to start the ball rolling by paying for the first step

Business notes: New owners celebrate at Arbutus Ridge Golf Course

The award-winning Arbutus Ridge Golf Course in Cobble Hill has a new… Continue reading

Cowichan Green Community eyes funding for value added food processing

The folks at Cowichan Green Community are licking their chops after the… Continue reading

Cowichan lacrosse grads square off in Jr. B playoffs

Delta takes series after win in Duncan

Rents in most Canadian cities are unaffordable for lower-income earners: study

Roughly one-third of households, or 4.7 million, are renters

Scheer on Trump: It’s ‘offensive’ to question the family background of critics

Trump is being called a racist for saying that the four congresswomen should go back where they came from

Instagram expands Canadian pilot removing ‘like’ counts to more countries

Social media giant plans to roll out the test in Australia, New Zealand, Brazil, Japan, Italy and Ireland

Man involved in beating and tasering over a drug debt to be sentenced in Nanaimo

Colin Damen Gary Lamontagne pleaded guilty to charges, including aggravated assault

Pamela Anderson adds star power to B.C. Green Party town hall

Celebrity attended Nanaimo meeting with representatives from U.S.-based environmental group

Olympic softball qualifier gets $150K boost from provincial government

2019 Americas Qualifier to be held in Surrey from Aug. 25-Sept. 1

Gas price inquiry questions Trans Mountain capacity, company denies collusion

The first of up to four days of oral hearings in the inquiry continue in Vancouver

‘Benzos’ and fentanyl a deadly cocktail causing a growing concern on B.C. streets

Overdoses caused by benzodiazepines can’t be reversed with opioid-overdose antidote naloxone

Chinook retention begins on North Island, but amid new size limit

DFO calls measures ‘difficult but necessary’ following rockslide on Fraser River

Most Read