The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
Southwest Airlines is delaying pilot hiring and captain upgrades with no end in sight to the grounding of the Boeing 737 Max.Airlinesread more
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.Marketsread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
(Adds details on pipeline delays, crude-by-rail program)
CALGARY, Alberta, June 27 (Reuters) - The government of Alberta, Canada's main crude-producing province, eased crude oil production curtailments for August on Thursday, setting the limit at 3.74 million barrels per day, compared with 3.71 million bpd in July.
Alberta introduced mandatory curtailments effective Jan. 1 this year to tackle pipeline congestion that left crude stranded in storage tanks in the province and widened the discount on Canadian oil versus U.S. crude to record levels.
The Alberta government said letters were sent to the 29 producers subject to the production limits, who all produce more than 10,000 bpd.
The statement said the province was easing the August limit "due to the private sector growing its crude-by-rail capacity, declining inventory levels and improved efficiencies in export pipelines."
Curtailments have eased gradually since they were first introduced and are intended to last only until the end of 2019, although Alberta Premier Jason Kenney said this month they may have to be extended into 2020.
Canada holds the world's third-largest crude reserves, the vast majority of which are in northern Alberta's oil sands. A delay in building new export pipelines because of environmental opposition and regulatory hurdles has slowed development of the energy sector.
The Canadian government last week approved an expansion of the Trans Mountain pipeline, which runs from Alberta's oil sands to British Columbia's coast, but it is not expected to be in service before 2022 at the earliest.
Enbridge Inc's Line 3 replacement project, which will double capacity of a pipeline carrying crude from Alberta to the U.S. Midwest, is delayed until the second half of 2020.
In the interim, Canadian producers are increasingly relying on rail to ship crude to market. Crude-by-rail exports have been rising since the start of this year, although Alberta is seeking to offload deals signed by the previous government to the private sector.
The previous New Democratic Party government signed contracts to ship up to 120,000 bpd of crude by rail before being ousted by the United Conservative Party in an April election.
On Thursday Alberta Energy Minister Sonya Savage said the province hoped to divest the rail program by the fall, and had hired Canadian Imperial Bank of Commerce to oversee the move.
"As a government, we are accountable to the taxpayer," Savage said in a statement. "We will leave crude-by-rail in the hands of the private sector while making decisions that ensure the best outcomes for Albertans and our energy sector." (Additional reporting by Rod Nickel in Winnepeg; editing Steve Orlofsky and Bill Trott)