By Josh Beckerman
The province of Alberta has extended its mandated oil-production curtailment through Dec. 31, 2020, but said it may be terminated earlier.
The base limit for curtailment has been increased from 10,000 barrels per day to 20,000, meaning that only 16 of more than 300 producers in Alberta will be subject to updated limits, the government said.
"Because of continuing pipeline delays, including Enbridge Line 3, these changes provide government a way to work with affected producers to manage production through 2020, as required," the government said.
"By more closely aligning production with takeaway capacity, curtailment is expected to help prevent extreme widening of the light-heavy differential."
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