LNG Floor, Oil Rebound: What It Means For Australia

LNG - A higher trough, not blue-sky

MST Marquee argues that spot LNG prices are unlikely to fall below US$6-US$6/mmbtu even during an expected oversupply later this decade, lifting what used to be a mid case into a floor. On the oil side, Brent and WTI clawed back about 1.4% after a sharp drop tied to US-China trade tensions, with hopes of potential talks helping sentiment, according to Reuters. Taken together, this LNG floor oil rebound backdrop tilts Australia's near-term macro mix toward steadier export receipts. . .