North American oil and gas producer hedging is on the rise, but revenue generated from hedging is set to plummet next year, according to a study by market data and analytics firm IHS Markit.
The study of 52 US and Canadian oil and gas firms found they had hedged around 24% of total 2017 production by the end of this year. This compares with just 15% of 2016 production being hedged a year ago.
"Firms are ahead of where they were last year in terms of the percentage of total production hedged at t
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