"This raises the possibility that the LNG market will return to deficit early in the next decade, thus handing the whip hand back to producers.
If producers are forced by current weak energy prices to shift away from long-term, oil-linked prices, it would be a fair bet that when the market returns to deficit they will be ruthless in applying their pricing power.
If the market is then based on short-term contracts, buyers could be in for a hard time.
55 mins ago - Even if U.S. shale oil and other higher-cost crude such as Canadian tar sands and deep offshore wells are forced from the market, they will come back as soon .
ORG Price at posting:
$10.60 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)