Global Markets

Improving supplies to weigh on AECO hub price

Improving gas supplies from the Western Canadian Sedimentary Basin will weigh on gas prices in the region Improving gas supplies from the Western Canadian Sedimentary Basin will weigh on gas prices in the region.
By Abhishek Kumar 5 July 2017 0 26635

Gas prices in western Canada are expected to remain under pressure over the coming week as production from the Western Canadian Sedimentary Basin (WCSB) rises and demand for the fuel fails to recover. This will also prompt higher gas pipeline exports from western to eastern Canada.

Canada’s rig count averaged 150 per week in June, much higher than the May average of 85 per week and the 65 per week average reached in June 2016. Canada’s ‘spring breakup’ – the thaw of snow and ice, when...