Canadian crude prices support associated gas growth; storage concerns remain

Although elevated prices at WCS Hardisty support stronger associated natural gas production in Canada for the upcoming injection season, system constraints could widen the already steep storage deficit in the weeks ahead. S&P Global Commodity Insights expects to lower its summer production forecast to around 1 Bcf/d of summer-over-summer growth from 1.3 Bcf/d currently, although strong oil prices could push…