Daily LNG price update (Henry Hub cheap!)

Monday, 26 October 2015

The Brent oil price slid Friday night to $47.96 unable to gain traction despite the China rate cut as a rampant US dollar trampled all. Also not helping was a stabilising US rig count that fell just one point to 594:

Turning to LNG, the indicative oil-linked contract price eased to $6.71mmBtu:

Spot markets had a better week as winter approaches, 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.