Husky Energy slashed C$800,000 ($548,885.08) from its 2016 capital budget and cut production guidance by 15,000 barrels of oil equivalent per day on Tuesday in the latest sign Canadian producers are scrambling to deal with low oil prices.
The Calgary-based energy company said it will spend between C$2.1-2.3 billion this year, down 27% from its original capital budget, and produce between 315,000-345,000 boepd.
The material has been provided by InstaForex Company – www.instaforex.com