Daily LNG price update (Brent bash)

Wednesday, 26 November 2014

Oil was knocked hither and thither last night as OPEC members muttered about no cuts and tightening discipline on existing targets. Brent is down 2% in the low $78s as I write:

The equivalent LNG contract estimate is $11.64mmBtu:

The spot market is still weakening as well, down 6 cents to $10.10mmBtu, with sub-$10 in its sights:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.