Daily LNG price update (spot smash)

Tuesday 27 January 2015

Brent oil was down a little last night to $48.33 as I write. The comparable indicative LNG contract price is $7.06mmBtu:

The oil shakeout is intensifying with the US rig count plunging again:

The same is coming to Australia, from The Australian:

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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.