Daily LNG price update ($20)

Friday 18 December 2015

Brent oil was hit again last night but held above GFC lows at $36.94 as I write. The same cannot be said for Henry Hub gas which fell to a new record low at $1.75mmBtu:

That’s LNG to North Asia for under $4mmBtu and falling…

Brent was under pressure from the usual combination of oversupply and capacity shortage and Goldman did not help:

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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.