Primary extraction at Suncor's Fort Hills oil sands mine in Alberta. Courtesy of Suncor

Suncor came out against the Alberta government’s plans to reduce the province’s oil production in order to improve the price of western crude.

The company said in Monday statement that it “believes the market is the most effective means to balance supply and demand and normalize differentials.”

Alberta Premier Rachel Notley announced production cuts of 325,000 barrels of raw crude oil and bitumen per day starting January 1, 2019. When Enbridge’s Line 3 pipeline begins operating near the end of 2019, reductions will drop to 95,000 barrels per day. The production cuts will last until the Alberta’s 35 million barrels of processed oil, currently in storage, are shipped to market.

Western Canadian Select was trading at a discount of about US$21 per barrel in comparison to West Texas Intermediate on Monday morning, according to Net Energy.

Suncor said it is “assessing the impact” of the government’s decision and will provide details on the impact in its 2019 capital and production guidance.

“Less economic production was being curtailed and differentials were narrowing as a result of market forces,” Suncor said in the statement.

Related: Oil sands operators and suppliers alike are trying to find ways to reduce operations costs and cut emissions

Oil sands refining firm Husky Energy and petroleum company Imperial Oil have also voiced disagreement with the decision.

Not all oil sands players object to the move. Steve Laut, the executive vice-chairman of Canadian Natural Resources, told BNN Bloomberg on Nov. 20 that a temporary production curtailment could quickly improve prices.

“The market as we see it today is broken and dysfunctional,” he said. “There’s a role for the government to play to bring order back to the market, and this is costing a hundred million dollars a day for Canadians.”

Cenovus Energy also advocated for the production cuts, commending Alberta Premier Rachel Notley for “making the difficult but necessary decision to implement a temporary mandatory oil production cut in Alberta.”

“Under normal circumstances, oil and gas producers would never advocate for government intervention in the market, but these are not ordinary circumstances,” said Cenovus Energy CEO Alex Pourbaix in a statement.

“The measures Premier Notley announced will help balance the market in the short term until new rail and pipeline capacity comes on stream late next year and into 2020 to provide adequate takeaway capacity for Alberta's oil production and resolve the wide price differentials that have been weighing on Canadian oil prices,” said Pourbaix.