Daily LNG price update (OPEC “joke”)

Thursday 10 March 2016

Brent oil was strong again last night but has been unable to make new highs at $40.70 as I write. Henry Hub also bounced to $1.77mmBtu:

In news, the DOE released US weekly statistics and it’s a repeat of last week with higher US inventories offset by good demand, from John Kemp:

That supported the market. Also, find below a very good video of one of my favoured oil analysts, Fereidun Fesharaki, founder and chairman of FGE

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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.