Australian banks Australian LNG Commodities

Daily LNG price update (shale whale)

Monday, 8 February 2016

Brent oil eased again Friday night to $34.13 and Henry Hub firmed a little:

The action was despite a renewed plunge in the US rig count down down -31 to 467.

So, with rigs plunging again, where are we on the market balance question? The IEA’s January Oil Market Report is now available to the public and sees it this way:

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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.