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by Stockwatch Business Reporter

West Texas Intermediate crude for August delivery lost 41 cents to $65.11 on the New York Merc, while Brent for August lost 16 cents to $67.61 (all figures in this para U.S.). Both benchmarks notched a monthly gain, but a quarterly loss, snapping a two-quarter winning streak. Western Canadian Select traded at a discount of $12.00 to WTI, unchanged. Natural gas for August lost 28 cents to $3.45. The TSX energy index lost 1.40 points to close at 264.77.

On an awkward day sandwiched between a weekend and tomorrow's Canada Day holiday, Canada's energy sector prepared to celebrate a long-awaited milestone: the shipment of the country's first-ever LNG (liquefied natural gas) for export. The Gaslog Glasgow tanker arrived in Kitimat, B.C., on Saturday to collect the first LNG from the newly operational LNG Canada terminal. The $40-billion Shell-backed terminal has taken seven years to build since construction began in 2018 (which itself was seven years after discussions began in 2011). Now the tanker carrying the first cargoes will soon make its way across the Pacific Ocean, carrying Canadian energy to markets beyond the United States.

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