Western Canadian Gas Prices Lag Amidst Warmer Winter Outlook
Western Canadian natural gas prices are struggling this summer, and there's a growing concern that a warmer-than-usual North American winter may exacerbate the issue.
A look at the AECO spot price shows it has rebounded from its summer lows, but Henry Hub remains at a hefty premium. The prospect of an El Niño event also threatens to reduce heating demand, which could further impact prices.