Several oil companies in Canada pushed back on Monday against Alberta’s mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan. Alberta Premier Rachel Notley said on Sunday the government would force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), until excess crude in storage is reduced. The news slashed the discount on Western Canada Select (WCS), with the heavy crude blend trading in the low $20 range below the West Texas Intermediate (WTI) benchmark on Monday, down from Friday’s settle of $32 below WTI, according to Shorcan Energy brokers. Light synthetic crude from the oil sands was trading $15-$20 below WTI, […]