11-04-2020 20:30 via calgary.ctvnews.ca

Alberta energy minister 'cautiously pleased' about OPEC plan to cut production

A new deal signed by the Organization of Petroleum Exporting Countries (OPEC) is good news for Alberta and the world as a whole, the province's energy minister said Friday. Earlier this week, OPEC agreed to cut its production by a tenth of the global in order to help boost oil prices. That would come out to approximately 10 million barrels a day. Alberta Energy Minister Sonya Savage said the agreement to new measures on oil production by OPEC+ brings energy producers in line with the same rules
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