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,"
OPEC+ expected to unleash 2.5 million extra barrels a day
ANZ commitment to a strong future
ANZ commitment to a strong future
