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Asian oil-indexed gas contract prices fell to a range of $9.12 to $10.48, while US LNG could reach Asia at about $5.87. Brent dropped 1 percent on Keystone pipeline restart news and uncertainty over Russia's OPEC extension.
The gap between Asian and US LNG delivered costs highlights the arbitrage that supports US export growth. Price moves in Brent also tend to flow into oil-indexed gas contracts.
energyintel.comNov 27, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
