Daily LNG price update (the great contract run begins)

Thursday 1 October 2015

The Brent oil price rallied with broader markets last night settling at $48.51 as I write. In news weekly US data from the DOE showed a big inventory build but falling production withe latter getting the upper hand in the price:

Turning to LNG, the oil-linked indicative price contract rose to $6.79mmBtu:

In news, A Clockwork Origin rolls on with Matthew Stevens providing some more interesting tidbits on APLNG:

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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.