China CNOOC sees Brent at $30-$40/bbl, to cut Canada, U.S. output

Capt. John

China’s offshore oil and gas major CNOOC Ltd expects Brent crude oil prices to average $30 to $40 per barrel this year, a company executive said The state-controlled firm will produce at the lowest level in high-cost projects such as oil sands in Canada and shale gas operations in the United...

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