Daily LNG price update (shale crunch)

Thursday, 30 July 2015

Brent oil rebounded last night to $53.65 as I write on EIA data showed a sudden slowing in output and falls in inventories:

The one real hope for the oil price at this point is continued rapid declines in shale output and continued rises in consumption, which we are seeing, from John Kemp:

There is some hope here that we can pull up at $50 but the glut is big!

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.