Encouraged by higher oil prices, Canadian oil companies are bringing back some of the crude oil production they had curtailed.
Via Oilprice.com
Husky Energy, Cenovus Energy, ARC Resources Ltd, Baytex Energy Corp, and Imperial Oil are restoring part of the production they had curtailed when prices plunged in March and April. Out of the 1 million barrels per day curtailed production in Canada, at least 20 percent is being brought on online again.