Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is “tight oil.”
Diverging
Articles from Diverging
Recovery Coming to Canadian Oil; Gas, Not so Much
Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is “tight oil.”
May 3, 2010
Futures Struggle Higher Amid Diverging Market Views
Despite a dip in the nearby crude oil market, natural gas futures trudged quietly higher Tuesday as traders wrestled with the contradictory forces of supportive technicals and bearish near-term storage outlooks. It wasn’t pretty, but the April contract did manage to eke out a modest 1.5-cent advance to notch its fifth straight daily advance. It closed at $5.565.
March 3, 2004
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