Alberta shelves crude curtailments
The province’s decision to unwind restrictions hopes for better days ahead. But economics may be against it
The Albertan government will suspend its almost two-year-old crude curtailment programme as of December but include a one-year regulatory extension to the end of 2021 to allow the province to again restrict production if need be. But, with the economics against oil sands production, inserting this caveat may be optimistic. Oil companies in the Canadian province have been producing substantially below mandated levels of 3.81mn bl/d since the Covid-19 pandemic threw a wrench into the global economy earlier this year. By suspending crude quotas, Edmonton is hoping to improve investor confidence and boost capital spending from the dismal levels seen over the past five years, ultimately kick-star
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
