Nov 7 (Reuters) - Canadian Natural Resources Ltd on Tuesday forecast a 17 percent rise in 2018 production, although it lowered its capital budget for the year.
The company set its 2018 capital budget at C$4.3 billion ($3.37 billion), compared with C$4.9 billion in 2017.
Canada’s largest independent petroleum producer said overall production in 2018 is expected to range between 1.1 million barrels of oil equivalent per day (boe/d) and 1.17 million boe/d. The company expects 2017 production of 833,000 boe/d to 883,000 boe/d. ($1 = 1.2759 Canadian dollars) (Reporting by John Benny in Bengaluru; Editing by Anil D‘Silva)