"The unnerving impact of the COVID-19 pandemic and global oil oversupply, along with the shattered oil price, will result in the "most drastic spending reduction in Canada in recent memory,"
ANALYSIS from global oil and gas research firm Rystad Energy warned upstream spending across Canada will fall more than 40% with wells and oil sands extractions expected to cull production by “at least” 1.2 million barrels of oil per day.
"The unnerving impact of the COVID-19 pandemic and global oil oversupply, along with the shattered oil price, will result in the "most drastic spending reduction in Canada in recent memory,"