The Alberta government has mandated a short-term reduction in oil production that started on January 1. Under the mandate, production of raw crude oil and bitumen will be reduced by 325,000 barrels per day, an 8.7% reduction. Premier Rachel Notley announced the temporary measure in response to the historically high oil price differential that is costing the national economy more than $80 million per day, her office said.

After excess storage is drawn down, the reduction will drop to an estimated average of 95,000 barrels a day until December 31, 2019, when the rules supporting this action will end.
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