Canada and the G20 countries agree on the need for oil price stability, but in a Friday meeting Canada did not promise any specific production cuts, Natural Resources Minister Seamus O'Regan said. In an interview with Russian state television channel Rossiya-24, Russian Energy Minister Alexander Novak said that Canada was ready to cut oil output by around 1 million bpd. The western province of Alberta, Canada's biggest oil producing region, "has already formerly curtailed 80,000 barrels per day," O'Regan said. "The agreement to implement production limits by OPEC+ brings global energy producers in line with measures that Alberta has reluctantly taken since January 2019," Savage said. "While it's encouraging that there's an initial agreement to end the irresponsible global oil price war, much damage has been done," McMillan said in a statement to CBC News.

Source: CBC News April 10, 2020 23:48 UTC