Commodity Corner

Views on commodities and energy

Canadian Natural Gas Rigs Vs. Price

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canadian-natgas-rigs

The number of rigs drilling in Western Canada in March has fallen to the lowest level for this time of year in more than seven years. Drilling could fall further if storage fills this summer and Canada’s high cost natural gas producers are unable to find a buyer for their gas and shut in production.

– Scott Haggett in Calgary