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Canadian Natural Gas Dropped 9.7% Due to Rising Stockpiles
Apr. 13, 2012 12:46PM PST
Oil and Gas InvestingBloomberg reported that Canadian natural gas dropped 9.7 percent due to rising stockpiles.
Bloomberg reported that Canadian natural gas dropped 9.7 percent due to rising stockpiles.
As quoted in the market news:
Alberta gas declined 2.3 percent. Stockpiles in the U.S. were 2.487 trillion cubic feet as of April 6, 59 percent above the five-year average, according to the Energy Department (DOENUST5). Total marketed gas production in the U.S. will increase 4.5 percent this year, the department said.