LNG Trading/Charting discussions, page-1790

The oil market (and other commodities) right now are in absolute capitulation stage.

At prices below $35 a barrel it represents near lows not seen since the GFC. That says it all really.

30% of the worlds oil production estimated to be under operating costs with brent at $35. Remember most oil producers receive grade discounts to brent.

Some of the largest short bets ever placed on the oil markets.

Market is now worried about contagion risk from defaulting oil companies and junk bonds being smashed,

So is oil at $35 sustainable? What medium term game are the Saudis playing?

And in the medium term is oil at $35 going to destroy world LNG demand?

And if you were looking to exit LNG i would posit that at 88.5c with the oil markets in capitulation you may be exiting at precisely when every one else is selling. People love to sell when others are selling.