Australian LNG

Daily LNG price update (bounce)

David Llewellyn-Smith
Wednesday 10 December 2014
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The Brent price bounced overnight to $68.80 as I speak:

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The LNG contract price is today $10.05:

1
Bloomie is reporting thoughts of a bottom for Brent:

“After yesterday’s solid fall, it’s no surprise that oil is taking a small breather,” Bjarne Schieldrop, chief commodities analyst at Oslo-based SEB, said by e-mail. “The market will remain volatile until it finds the Goldilocks price that dampens U.S. shale oil supply growth, stimulates the global economy and still lets OPEC members survive.”

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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.