Alberta adjusts crude curtailment program
The provincial government has made major changes to timeframes and volumes
Alberta has extended the sunset clause of its crude curtailment program by a year to 31 December 2020 and has doubled the upper threshold for oil producers' exemption to 20,000bl/d. The province is attempting to achieve multiple goals with these changes—keeping western Canadian crude prices at relatively high levels, supporting financially-strapped smaller producers, encouraging currently lacklustre capital spending and increasing the major producers to take over 120,000bl/d of crude-by-rail contracts signed by the previous government. Programme extension "Extending curtailment is far from ideal, but it remains necessary," says Alberta Energy Minister Sonya Savage. "Thanks to [federal prime
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
