Key Findings The North American natural gas market will be well supplied this winter due to robust U.S. production, steady Canadian production and ample natural gas storage volumes. Normal temperatures are forecast for most of Canada and the U.S. this winter. Above-normal temperatures are expected in the southern U.S. and Northeast states and provinces, while [...]
Last week, the ticker showed the highest continental natural gas prices in four years, momentarily bobbing above $5.50 (U.S.) per 1,000 cubic feet (Mcf) in the United States and $5 (Canadian) in Canada. We know Aesop could have easily penned another truism, “Cold weather drives higher prices,” but would he have offered the more complex [...]
So far, however, markets over the long term are shrugging it off, even with day-to-day demand on the rise with the improving economy. It has some forecasters perplexed. Current prices on the New York Mercantile Exchange are about 14 per cent above the level of a year ago, closing on Friday at $4.43 (U.S.) per [...]
After last winter’s seemingly never-ending wickedly cold weather, residents in much of the country can expect more of the same in the coming months. “We’re looking at the T-Rex of winters,” Jack Burnett, editor of the Old Farmer’s Almanac, said on CTV’s Canada AM on Thursday. “It’s going to be colder, it’s going to be [...]
Normally, plunging temperatures are a cue for traders to make bullish bets because the resulting spike in demand can deplete natural-gas supplies. Last February, prices jumped by more than 30% in a matter of days during one particularly severe cold snap. The usual seasonal rally hasn’t materialized because many analysts believe gas supplies are high [...]
The shale revolution has diversified North America’s gas markets. Good news for Ontario’s Dawn trading hub, but WCSB producers may have little cause to cheer. Simply put, two macro drivers driving change at Dawn stem from the shale gas revolution and the Athabasca oil sands. On the shale side, the ramp-up in production from low-permeability [...]
