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Has Alberta become OPEC North?

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As US liquefaction projects come online, lower European and Asian prices are possible

Crude Oil

Platts Wellscape GIS

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

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Oil | Crude Oil

Oil rises as Germany pledges economic stimulus, OPEC slashes output

Listen: Has Alberta become OPEC North?

On this week's Capitol Crude podcast we look at Alberta's recent decision to cut crude oil output by 325,000 b/d.

David Goldwyn, president of Goldwyn Global Strategies, says the Canadian production curtailment may be more severe micromanagement of the oil market than OPEC has done. Goldwyn says the cut will have a negative impact on future investment in Alberta's oil sector and argues that it has set a precedent for more government control over future production.

Patrick Harrington, a senior pricing specialist with S&P Global Platts focused on Canadian oil markets, also talks about the impact the cuts have had on prices.