Daily LNG price update (Great Game on speed)

Thursday, 4 June 2015

The Brent oil price fell sharply last night to $63.80 as I write on a combination of factors. The US DOE inventory data showed stocks falling:

But shale production is back and rising:

In addition to that, there’s not going to be any cut at OPEC, from Reuters

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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.