Daily oil and LNG price update (JOKEPEC fail)

Monday 18 April 2016

The Brent oil price fell solidly Friday night down -1.6% to $43.11. Henry Hub was also hit hard finishing at $1.90mmBtu:

We can expect more today and over the week (most likely) given OPEC’s Doha deal failed, from Reuters:

A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.

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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.