News wire — Canadian Natural Resources Ltd on Tuesday joined its rivals in forecasting higher capital expenditure in 2022 as it bets on a sustained recovery of oil and gas prices from the pandemic-driven historic lows.
Canada’s biggest oil and natural gas producer expects to spend C$4.35 billion ($3.44 billion) in 2022, higher than its 2021 estimate of C$3.48 billion. ($1 = 1.2635 Canadian dollars)
- Reuters (Reporting by Ruhi Soni in Bengaluru; Editing by Amy Caren Daniel)
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