Daily LNG price update (HSBC shite)

Wednesday, 4 November 2015

There is always one thing that separates oil from other commodities and that is strife, from the WSJ:

Oil prices rose Tuesday on concerns about production in Libya and Brazil, though the continued global oversupply of crude limited price gains.

Libya’s oil production will drop by about 70,000 barrels a day to less than 400,000 barrels a day after the Eastern export terminal of Zueitina was blocked by an armed militia, a spokesman for Libya’s National Oil Co. said Tuesday.

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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.