Loading…
Wildfires across Alberta shut in gas production and processing plants, cutting Canadian output by about 2.6 Bcf/d versus the April average. Exports to the US fell to 3.9 Bcf/d, down 25%.
At least 100 active fires and several producer curtailments were reported.
Lower Canadian supply to the US tightens North American gas and pushes up prices, raising energy and fertilizer costs for feed producers.
spglobal.comMay 10, 2023After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
