CAPP Forecasts An Increase Of More Than $3 Billion In Planned Upstream Spending For 2021

Upstream oil and natural gas investments will increase 14 per cent in 2021, according to a Canadian Association of Petroleum Producers (CAPP) forecast released this morning. The association anticipates around $27.3 billion of capital spending for this year, which is up from an estimated $24 billion of investment in 2020.

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