TORONTO | Alberta government imposes oil production cuts for province

TORONTO  | Alberta government imposes oil production cuts for province

TORONTO — Alberta’s premier announced Sunday night that she is imposing an industrywide 8.7 percent cut in oil production for the Canadian province to deal with a storage glut that has hurt prices for Alberta oil.

Premier Rachel Notley said output will be lowered 325,000 barrels a day in January because of shipment problems that she blames on a lack of pipelines. The government said the reduction will be evaluated monthly.

Alberta produces 3.7 million barrels a day, but that is 190,000 barrels more than can be shipped.

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