Daily LNG price update (Santos smash)

David Llewellyn-Smith

Tuesday, 9 December 2014

As I write, the oil plunge has renewed momentum with Brent down nearly 4% in 24 hours to a fresh low of $66.20:

The long term chart says it all:

The equivalent LNG contract price is below $10 for the first time in five years at $9.96mmBtu:

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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.