Weak Canadian natural gas prices, high inventory boost exports to US

Net flows of natural gas from Canada to the US have picked up in July despite a decline in Canadian production as high storage inventories continue to weigh heavily on cash and forward prices in Western Canada. Canadian exports have averaged around 6.5 Bcf/d July 1-25, up from 6 Bcf/d in June and 5.7 Bcf/d in July 2023, data from… Net flows of natural gas from Canada to the US have picked up in July despite a decline in Canadian production as high storage inventories continue to weigh heavily on cash and forward prices in Western Canada. Canadian exports have averaged around 6.5 Bcf/d July 1-25, up from 6 Bcf/d in June and 5.7 Bcf/d in July 2023, data from… Read More