Pumpjacks draw out oil and gas from well heads as wildfire smoke hangs in the air near Calgary, in a file photo. The Canadian Press/Jeff McIntosh
Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term.
It’s too early on in the crisis, triggered in late February when the U.S. and Israel attacked Iran, to know what the enduring changes to the market are going to be, Cenovus Energy Inc. chief executive Jon McKenzie said.
