Daily LNG price update (GFC lows)

Tuesday 15 December 2015

Brent oil was hammered last night to within a whisker of its GFC lows before bouncing back to $38.19 as I write. Henry Hub gas was likewise pulverised to $1.80 before rebounding to 1.88mmBtu:

There was no real news, though this is interesting, from Reuters:

The 40-year-old ban on most U.S. crude oil exports will “very likely” be lifted in the government spending bill, and talks on the final budget deal are likely to continue through the weekend, a Senate aide said on Friday.

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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.