# Amid oilpatch carnage, this Canadian energy commodity is actually seeing prices spike - Financial Post

> Canadian AECO natural gas traded at an average of C$2.07/Mcf on Monday, a rare price spike for Canadian producers. Analysts expect gas demand from oilsands operations to fall as heavy oil producers consider temporary shutdowns amid low crude prices.

- Date: 2020-04-15 · published 2020-04-15T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/12202-amid-oilpatch-carnage-this-canadian-energy-commodity-is-actually-seeing-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Losing one of the largest gas buyers in Western Canada, as oilsands output is curtailed, is likely to weaken regional gas demand and pressure prices.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-09-29 | [Canadian Dollar Slides on Higher Producer Prices, Crashing Oil Prices](https://feedsoft.ai/events/51350-canadian-dollar-slides-on-higher-producer-prices-crashing-oil-prices.md) | +14.3% | +57.2% |
| NATGAS | 2022-11-07 | [Column: LNG market in trifecta of change to prices, flows and seasonality - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/38858-column-lng-market-in-trifecta-of-change-to-prices-flows-and-seasonality-energy.md) | +5.0% | -4.9% |
| NATGAS | 2022-06-20 | [Selling trend picks up in commodity markets](https://feedsoft.ai/events/40852-selling-trend-picks-up-in-commodity-markets.md) | -12.0% | +2.1% |
| NATGAS | 2020-03-16 | [Oil crash closes gap to spot LNG – Energy Connections](https://feedsoft.ai/events/54316-oil-crash-closes-gap-to-spot-lng-energy-connections.md) | -11.8% | -6.0% |
| NATGAS | 2020-05-12 | [U.S. natgas futures slide as mild weather and coronavirus cuts demand \| Financial Post](https://feedsoft.ai/events/10439-u-s-natgas-futures-slide-as-mild-weather-and-coronavirus-cuts-demand-financial.md) | +0.8% | -2.2% |

## Sources

- financialpost.com: https://financialpost.com/energy/amid-oilpatch-carnage-this-canadian-energy-commodity-is-actually-seeing-prices-spike/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.