Daily LNG price update (US arb)

Monday, 20 April 2015

The Brent oil price rose marginally Friday night to $63.89. The main support to prices was another decent fall in the US rig count, down 34 to 954:

The indicative LNG contract price rose to $9.33mmBtu:

In news, GLNG is on track to add to the glut in Q3:

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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.