Canadian Natural Resources Ltd. , one of Canada’s largest oil and gas producers, cut its full-year capital spending plans and production forecast on Monday, citing the rapid drop in crude oil prices since setting its initial 2015 budget in early November. The Calgary-based company said it would spend 6.2 billion Canadian dollars ($5.25 billion) on growth projects, down from an earlier target of C$8.6 billion, and increase production of crude oil and natural gas liquids about 7% over 2014 levels, down from an earlier projection of around 11% growth. The moves come after the Canadian unit of Royal Dutch Shell PLC on Friday said it would cut up to 10% of its oil sands mining workforce due to lower crude prices. The slump in global oil prices is expected to trim profit and slow growth at many energy producers, especially those with higher cost operations. Canadian Natural said […]