Daily LNG price update (writedowns)

Tuesday 3 November 2015

The Brent oil price fell sharply last night to $48.78 as Chinese growth weighed and Russia production hit a post-Soviet record.

Turning to LNG, the oil-linked indicative contract price fell to $6.83mmBtu:

In news, MB figures are being confirmed across the board as Wood Mackenzie turns bearish, from Fairfax:

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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.