Close X
Saturday, November 30, 2024
ADVT 
National

Alberta Premier Says Oil Cut Plan Working, Takes Yuletide Jab At Prime Minister

Darpan News Desk The Canadian Press, 13 Dec, 2018 09:59 PM
  • Alberta Premier Says Oil Cut Plan Working, Takes Yuletide Jab At Prime Minister

Alberta Premier Rachel Notley says the decision to cut oil production seems to be working, but says it's not a long-term solution.


Notley has ordered companies to cut production by almost nine per cent starting in the new year to close the price gap between Alberta oil and the North American benchmark.


That price gap was growing so wide that vast reserves of oil were building up in Alberta and the price was falling through the floor, leading to fears of massive job cuts and project closures.


The differential, which was over US$50 at one point this fall, has bounced back in recent days and now trades at about US$25 less than the benchmark West Texas Intermediate price.


Notley is buying rail cars and continues to push Prime Minister Justin Trudeau for action to end the pipeline bottleneck, considered the primary culprit for the low prices.


Trudeau said this week his sympathy is with Alberta this holiday season, but Notley says she hope that comment comes with a gift receipt so she can trade it in for a pipeline.

MORE National ARTICLES

Kelowna And Edmonton Set To Be 'Hot Spots' In Cannabis Real Estate: RE/MAX

Kelowna And Edmonton Set To Be 'Hot Spots' In Cannabis Real Estate: RE/MAX
Two Cities In Western Canada Named The Next Commercial Real Estate "Hot Spots" For The Cannabis Market

Kelowna And Edmonton Set To Be 'Hot Spots' In Cannabis Real Estate: RE/MAX

27 Squatters Arrested, Charged After Occupying Vacant School In Nanaimo, B.C.

27 Squatters Arrested, Charged After Occupying Vacant School In Nanaimo, B.C.
NANAIMO, B.C. — Twenty seven squatters who took over a boarded-up elementary school in Nanaimo, B.C., have been arrested and face charges.

27 Squatters Arrested, Charged After Occupying Vacant School In Nanaimo, B.C.

Auditor General Says B.C. Needs To Know More About Tax Breaks It Gives

Auditor General Says B.C. Needs To Know More About Tax Breaks It Gives
VICTORIA — British Columbia's auditor general says politicians need to pay more attention to the billions of dollars they provide every year in tax breaks to support government programs and policies.

Auditor General Says B.C. Needs To Know More About Tax Breaks It Gives

SUV Limo Crash Raises Safety Concerns But Industry Members Maintain They’re Safe

SUV Limo Crash Raises Safety Concerns But Industry Members Maintain They’re Safe
TORONTO — A deadly crash involving a stretched limousine-style SUV in New York state over the weekend has put a spotlight on safety concerns around the modified vehicles, but industry players maintain they're safe.

SUV Limo Crash Raises Safety Concerns But Industry Members Maintain They’re Safe

Canadian Club of Toronto Sends Notice Barring Reporters From Stephen Harper Speech

Canadian Club of Toronto Sends Notice Barring Reporters From Stephen Harper Speech
Harper was to address the Canadian Club of Toronto, which had previously invited reporters to cover the event.

Canadian Club of Toronto Sends Notice Barring Reporters From Stephen Harper Speech

WestJet Bans Staff In 'Safety-Sensitive' Jobs From Off-Duty Cannabis Use

CALGARY — WestJet Airlines Ltd. says it will follow the lead of rival Air Canada in banning marijuana use for staff in certain "safety-sensitive positions" even when they aren't at work.

WestJet Bans Staff In 'Safety-Sensitive' Jobs From Off-Duty Cannabis Use