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Canadian Natural Resources forecasts higher production in 2023

11/30/2022 | 05:38am EST
FILE PHOTO: Canadian Natural Resources Limited's Primrose Lake oil sands project is seen near Cold Lake, Alberta

(Reuters) - Canadian Natural Resources Ltd on Wednesday forecast higher production for 2023 as it seeks to capitalize on constrained energy supplies and higher oil and gas prices following Russia's invasion of Ukraine earlier this year.

The Calgary, Alberta-based producer said it expects total production to be between 1.33 million and 1.37 million barrels of oil equivalent per day (boepd) this year, compared with 1.30 million-1.34 million boepd estimated for 2022.

(Reporting by Mrinalika Roy; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.09% 85.07 Delayed Quote.-5.34%
CANADIAN NATURAL RESOURCES LIMITED 0.52% 79.74 Delayed Quote.5.51%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.53% 73.13 Delayed Quote.-0.72%
WTI -0.04% 78.598 Delayed Quote.-7.49%
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