The Canadian province of Alberta has ordered cuts in crude oil production until producers can replace the excess supply already in storage . Alberta 's premier , Rachel Notley , announced on 2 December that oil producers would be forced to reduce their prices by 8.7 % , or 325,000 bpd , to bring down the excess , prompting a negative reaction from some provinces that accused the government of excessive intervention in the market , while others cheered on . Canada 's oil prices were offered at a $ 52 a share discount below WTI in October , as a lack of pipelines and inadequate infrastructure constrains access to export markets .
The Canadian province of Alberta has ordered cuts in crude oil production until producers can reduce the excess supply already in storage. Alberta's premier, Rachel Notley, announced on 2 December that oil companies would be forced to reduce their outputs by 8.7%, or 325,000 bpd, to bring down the excess, prompting a negative reaction from some companies that accused the government of excessive intervention in the market, while others cheered on. Canada's oil prices were offered at a $52 a barrel discount below WTI in October, as a lack of pipelines and transportation infrastructure constrains access to export markets.