Despite early weather forecasts predicting a colder-than-normal Canadian winter, temperatures so far are averaging well above normal, sapping demand and decreasing the likelihood of drawing down the region’s massive storage inventory, or of AECO hub inching closer to Chicago prices. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Despite stronger than expected Canadian exports to the US Midwest and natural gas use for oil sands production at all-time highs, warm weather has sapped demand. This is causing storage inventories to trend above the five-year high while prospects for cold weather wane, according to S&P Global Platts Analytics. Exports to the Midwest are looking more like Western Canada’s best chance to draw down high inventories, which would likely prevent AECO from tightening to Chicago any more than it already has. Population-weighted […]