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IPOOF - Canadian Oil Production Drops To the Lowest Level Since 2016
Anderson Energy Inc
The drop in oil prices in April has not been kind to Canadian producers. That, combined with imposed production curtailments by the government of Alberta has led to a 20% decline in daily production versus the 2019 average. This decline is twice the output decline of OPEC countries and the third largest overall decline after Russia and the United States. The decline for the fourth-largest producer of oil amounts to 1 million barrels of oil per day or 1.3% of the world’s daily supply.Read More >>