Canadian Natural swings to loss, hurt by lower crude prices

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Canadian Natural swings to loss, hurt by lower crude prices
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Canadian Natural swings to loss, hurt by lower crude prices GlobeBusiness

Canadian Natural Resources Ltd reported a quarterly loss compared to a year-ago profit, as lower prices for its crude countered better-than-expected production volumes.

Analysts on average were expecting production of 1.07-million boe/d, according to IBES data from Refinitiv.Like its peers, Canadian Natural Resources has seen its profits shrink due to transportation bottlenecks that have driven Canadian crude prices lower.

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