Canada oil and gas spending to decline on lower prices, industry group says
ReutersNov 26, 2025 7:54 PM
CALGARY, Nov 26 (Reuters) - Canadian oil and gas capital spending will likely decline by 5.6% in 2025 and by 2.2% in 2026 on lower oil prices, industry group Enserva forecast on Wednesday.
The number of wells drilled in Canada is expected to fall by 9% year-over-year in 2025 but rebound in 2026.
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