Daily oil and LNG price update (Alaska)

Sunday 28 August 2016

Friday night saw the Brent oil unchanged at $49.69. Henry Hub is strong, up again to $2.85mmBtu:

News was price supportive as scuttlebutt around Saudi/Yemen tensions, as well as mess in Libya and Nigeria, and the US rig count revival stalled at 406. No change to my outlook.

Turning to LNG, the indicative oil-linked contract price was unchanged:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.