Alberta oil cuts offer lifeline to producers — and create a bunch of new problems

Alberta oil cuts offer lifeline to producers — and create a bunch of new problems

WINNIPEG — Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments. After Alberta cut 325,000 barrels per day (bpd) starting this month, the discount on Canadian heavy oil compared to benchmark U.S. crude oil shrank to…

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