Wednesday, January 18, 2017

Alberta Production Recovers Slowly, Storage Withdrawals Moderate

The year began with a bang, as cold weather, lower production, higher exports, and easy year-on-year comparisons saw the TC Nova surplus storage situation improving rapidly.  Now the warm north american weather has mitigated all those factors, and production is recovering above 11 BCFD, while storage draws have declined to near zero (-114 MMCF yesterday):