Canada’s Energy Players Boost Gas Business Amid Oil Price Rout

Canadian energy producers are focusing more on natural gas as oil prices suffer the combined effects of the U.S. president’s tariff offensive against the world and OPEC+’s decision to change tack and boost output. The Western Canadian Select benchmark dived from about $59 per barrel at the start of April to just $50 per barrel now. Yet drillers started turning to natural gas to regain their balance much earlier than April. Bloomberg this week cited data from the Alberta Energy Regulator showing that new well-drilling licenses issued…