Daily oil and LNG price update (contractpocalypse begins)
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The Brent oil price fell last night to $46.44 as conflicting forces came to bear. Henry Hub rose to $2.76mmBtu:
OPEC scuttlebutt goes on with Russia offering some support but Iran, Iraq and Nigeria bailing on talks. Against that, US stocks are going through the roof again as imports resume and production stabilises:
: As well, Libya is bulling up big, from Bloomie:
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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.
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