Home Economics Canadian Natural Resources Chairman Sees Oil Touching US$30 A Barrel

Canadian Natural Resources Chairman Sees Oil Touching US$30 A Barrel

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LAKE LOUISE, Alta. • Canada’s oil industry is facing a year of “tough slugging,” including the deferment of many projects, as oil prices collapse to as low as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday. Because of its high costs, the Canadian sector will be…

Canadian Natural Resources chairman sees oil touching US$30 a barrel

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