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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
The recovery in western Canadian natural gas production has stalled this week with a renewed increase in wildfires across Alberta.
- Total Canadian gas production was estimated at 17.7bcf/d on June 7 compared to a peak of more than 18bcf/d in late May and about 18.5bcf/d in Jan to Apr before the outbreak of wildfires according to legacy IHS PointLogic data from S&P Global.
- Pipeline exports to the US have rebounded to an average of 5 Bcf/d despite the production decline and after a brief drop to 3.5bcf/d in late May.
- A total of 64 wildfires are currently active compared to just 51 on 26 May according to the Alberta Wildfire Status Dashboard with hot and dry conditions an ongoing risk to oil and gas production.
- Various companies including Cenovus Energy, Crescent Point and Paramount Resources have safely restored output recently following outages last month.
Source: S&P Global
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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