Daily LNG price update (NOPEC)

Friday, 18 September 2015

Brent oil slipped materially to $49.21 overnight, ironically much of the damage was done after the Fed decision as the US dollar fell. Growth worries have taken centre stage.

Not much in news but some interesting material from Iran via Reuters:

Iran, a member of the Organisation of the Petroleum Exporting Countries (OPEC), has some of the world’s biggest oil and gas reserves, and officials have identified around four dozen projects worth $185 billion it hopes to develop by 2020.

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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.