Daily LNG price update (fade)

Friday, 5 February 2016

Brent oil refused to join the commodities party last night, falling -2% to $34.28 as I write. Henry Hub likewise was weak:

There was more OPEC meeting scuttlebutt but it remains a highly unlikely outcome. Shell announced another huge profit hit from BS:

Royal Dutch Shell said fourth-quarter earnings tumbled 44 per cent as the collapse in oil prices took its toll on another European oil company.

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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.