After reserving power to order oil production cuts without needing to use it for 13 months, the Alberta government plans to let the emergency curtailment policy expire at the end of this month.

“The market is now working as it should,” said Alberta Energy Minister Sonya Savage. 

“Oil production has reached pre-pandemic levels but is within export [delivery] capacity, and storage levels are expected to remain within the normal range of operations.”

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No cuts have been ordered since December 2020. However, the power to intervene in producer operations was retained...