Daily LNG price update (Chanos vs Woodside)

David Llewellyn-Smith

Friday, 22 May 2015

The Brent oil price rebounded last night to $66.51 as EIA crude inventories fell 2.7 million bbl in the US:

I don’t expect the rally to last but that will depend on whether the US dollar has finished falling.

The indicative LNG contract price ended the day up at $9.71mmBtu:

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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.