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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (52496)	12/3/2018 6:49:31 AM
From: Goose94	Read Replies (1) \| Respond to of 202715

Crude Oil: Alberta Premier Rachel Notley has taken matters into her own hands, announcing last night she will force the province’s oil producers to curb production by 325,000 barrels per day, equivalent to 8.7 per cent of total output. She says the move is expected to trim the differential against WTI by $4 per barrel and boost government coffers by $1.1 billion. And in a nod to the undercurrent of tension, the government acknowledged in an FAQ handout there’s “no consensus among industry.” Today, we’ll gather reaction from across the industry and get expert opinion on whether the government’s intervention will achieve its intended goal. Haven’t seen a fresh quote on Western Canada Select so far this morning, but WTI has been up as much 5.7 per cent -- no doubt benefiting from Russia President Vladimir Putin’s announcement on Saturday that he agreed with Saudi Crown Prince Mohammed bin Salman to extend their coordinated production cuts. BNN.ca