Alberta Cuts 1 Million Bpd In Oil Production

Alberta has cut oil production by 1 million bpd so far, the province’s Energy Minister, Sonya Savage, has told OPEC, according to Reuters. “The Minister stated there is currently no point in announcing additional output adjustments, as production has come down on its own,” OPEC said, noting that “Additionally, the province already had mandated adjustments in place prior to COVID-19 due to a lack of pipeline capacity and inability to move the oil out of the producing region.” Indeed, Alberta has been a step…