Alberta boosts output to 3.75 million bpd

Increases production limit from 3.53 million bpd in January, answering pleas by some operators, but investor confidence remains low

Gary Park

for Petroleum News

The Alberta government has answered a plea by some of its biggest crude producers by again easing its production limits. The move will raise the September output ceiling to 3.76 million barrels per day from 3.53 million bpd in January when the province imposed a targeted reduction of 325,000 bpd in....

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Increased CBR cited

Discussion on contracts

Dropping rig forecast