CBC.ca | Alberta orders 8.7 per cent oil production cut to help deal with low prices Financial Post Notley says as of January there will be an 8.7 per cent reduction ordered in oil production. Output of raw crude oil and bitumen will be reduced by 325,000 barrels per day. That figure is expected to shrink as a glut of oil in storage is reduced. The ... Alberta government imposes oil production cuts for province Alberta premier announces 8.7% oil production cut to increase prices WATCH LIVE: Alberta orders oil production cut to deal with price differential |