Daily LNG price update (squeeze)

Thursday 26 February 2015

Oil took off last night following the less than awful Chinese PMI. And this, from the WSJ:

In his first public comments since December, Saudi Arabia’s influential oil minister, Ali al-Naimi, said on Wednesday that oil demand was growing and that markets have calmed.

“Why do you want to rock the markets? The markets are calm. Demand is growing,” Mr. Naimi told reporters on the sidelines of a conference in Saudi Arabia.

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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.