Advertisement
New Zealand markets open in 9 hours 26 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5946
    +0.0010 (+0.16%)
     
  • NZD/EUR

    0.5553
    +0.0007 (+0.12%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    83.32
    +0.51 (+0.62%)
     
  • GOLD

    2,338.20
    -0.20 (-0.01%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,103.88
    +63.50 (+0.79%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,005.03
    -83.67 (-0.46%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • NZD/JPY

    92.4970
    +0.3820 (+0.41%)
     

Alberta’s Production Cut Could Impact the US Energy Sector

Alberta’s Production Cut Could Impact the US Energy Sector

On December 2, Rachel Notley, Premier of Alberta, announced a reduction of 8.7% or 325,000 barrels per day of raw crude oil and bitumen in Alberta’s production. After a significant reduction in the storage, authorities might lower the production cut to 95,000 barrels per day in December 2019. On December 3, the gap between the WTI and WCS (Western Canada Select) price contracted by ~$4 per barrel.