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by Chris Becker
Brent crude diced with the $50USD per barrel level on Friday night, closing at $50.11, translating to approx. $7.32USD per mmBTU, well below break even for most Aussie LNG projects:
Standard and Poors (S&P) has just published its revised price outlooks for oil (Brent and WTI) and natural gas. Maybe its playing catchup with market reality but its stark reading with a longer term view pointing to $80USD for Brent (or about $11.60USD mmBTU):
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