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Rich Asplund

Nat-Gas Prices Little Changed as Canadian Gas Production Resumes

United States Nymex BNEF Electricity Natural Gas

June Nymex natural gas (NGM23) on Thursday closed down -0.001 (-0.05%).

Jun nat-gas prices Thursday gave up an early advance and settled little changed.  Nat-gas prices Thursday gave up early gains as more Canadian nat-gas production has come online as firefighters continue to make progress in battling wildfires in Alberta, Canada.  Tradition Energy said that less than 1 billion cubic feet (bcf) of Canadian gas production was still halted because of the fires.  About 2.5 bcf/day of nat-gas production, about 15% of Canada's production, was earlier shut down by the fires.  Also, Thursday's fall in European nat-gas prices to a 1-3/4 year low undercut U.S. nat-gas prices.

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