Daily LNG price update (free fall)

Friday 11 December 2015

The Brent oil price is in free fall, down to a new post-GFC low last and at $39.57. US Henry Hub gas is chasing it lower, also plumbing new lows at $2:

As I’ve said before, US gas can reach North Asia for around $4.50mmBtu cash at these levels.

Oil took a hit from new OPEC data which showed the highest output in three years in November driven by Iraq:

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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.