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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.
OIL
Canadian gas production has dropped to an average 16.6Bcf/d, down from about 18.4Bcf/d in April as at least seven Canadian producers shut-in output in response to wildfires according to S&P Global.
- More dry weather in the forecast could extend the wildfires well into June, keeping downward pressure on Canadian oil and gas output.
- Tighter supply is putting downward pressure on gas pipeline exports to the US with supplies down from 4.81 Bcf/d in April to an average 4.69 Bcf/d.
- Wildfire have been disrupting output for about two weeks with an estimated 240k to 280k of crude oil production in Alberta halted due to the fires according to ESAI.
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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