Daily LNG price update (Browse)

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The Brent oil price eroded last night to $53.39 as I write, down a half percent. Everyone is watching shale to see where production heads next and the EIA is feeling the heat, from the WSJ:

The next monthly oil report, which will include data through May, is due Friday. Traders will be watching to see whether April, in fact, marked a peak in output.

The EIA received approval last year to survey companies in the largest producing states and plans to release more-detailed production data later this summer.

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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.