Daily LNG price update (waste ‘o time, Joshy)

Thursday, 15 October 2015

No oil news last night and so Brent barely budged at $49.73. Turning to LNG, the indicative oil-linked contract price rose a touch to $6.96mmBtu:

In news, WPL is still dithering over its ill-timed OSH bid, from the AFR:

Woodside Petroleum is understood to be mulling a modest price increase in its $11.6 billion approach for Oil Search, in an effort to at least get its target to the negotiating table, sources said on Wednesday night.

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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.