Deloitte holds firm on Canadian oil price forecast after U.S. strike on Venezuela [Yahoo! Finance Canada]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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Source: Yahoo! Finance Canada
Accounting and consulting giant Deloitte has not changed its latest crude oil price forecasts for 2026 and beyond in response to the U.S. raid on Venezuela that led the capture of Nicolás Maduro. The situation roiled shares of oil producing companies on Monday , as investors weighed the potential impact of the country's heavy oil industry ramping up exports under American control. Industry analysts are now downplaying the potential impact on global prices. The February 2026 contract for U.S. benchmark West Texas Intermediate (WTI) ( CL=F ) crude closed about 1.74 per cent higher on Monday, and continued to rise about 0.63 per cent on Tuesday. In a report released on Tuesday, Deloitte calls for WTI to stay range-bound in 2026, averaging US$58 a barrel, before rising to US$61.20 in 2027, and US$67.65 in 2028. The estimate for 2026 is about 20 per cent lower than it was at this time last year, and about 12 per cent below the commodity's 2025 average. Deloitte also left its forec
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CNQ
Sec Filings
- 12/16/25 - Form 6-K
- 12/5/25 - Form 6-K
- 11/6/25 - Form 6-K
- CNQ's page on the SEC website