Canada taking cautious route
Capital spending forecast to drop 6.6 percent in 2007 because of upstream inflation, natural gas uncertainties, rest of world
For Petroleum News
On the capital spending teeter-totter, the rest of the world is headed up in 2007 while Canada takes a dive.
Predictions made by Citigroup Research, a division of Citigroup Global Markets, said global spending in the upstream sector will climb by 7 percent, almost matching the 6.6 percent drop fore....
[additional news subjects in this story]
Citigroup expects spending above initial plans
Lehman Brothers projects 9% growth
Service sector may be overbuilt
EnCana leads Canadian retreat
Oil sands keep the home front hopping
Shell expanding Athabasca operation
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