Canada regulator sees abundant summer energy
(In U.S. dollars)
CALGARY, Alberta, May 28 (Reuters) - The weak global economy and brimming inventories of oil and gas will keep pressure on energy prices this summer, Canada's main energy regulator said on Thursday.
In its summer outlook, the National Energy Board said it expects oil to average $50-$60 a barrel and natural gas to average $3.20-$4.20 per million British thermal units. Both forecasts are much less than half last year's prices.
The board also predicted adequate supplies of electricity after new generation came online in several regions and transmission capacity was expanded between Ontario and Quebec and between New Brunswick and the United States in 2008. (Reporting by Jeffrey Jones; editing by Rob Wilson)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
