The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9.2783 percent of Brent crude oil prices, for May 27-28 delivery at 9.6816% and for June 29-30 delivery at 9.9201 percent. Gunvor had the lowest bids for a May 11-12 cargo at 9.5739 percent, May 16-17 at 9.7270% and June 14-15 at 9.9387%. The prices, expressed in the document as crude oil slope or the numerical percentage of Brent crude price, are a valuable pointer for the opaque LNG market. A cargo priced at 9.3 percent of Brent is about $6.23 per million British thermal units (mmBtu). Spot Asian prices for April were heard last week at $5.70 and below $6 for May.
The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9.2783 percent of Brent crude oil prices, for May 27-28 delivery at 9.6816% and for June 29-30 delivery at 9.9201 percent. Gunvor had the lowest bids for a May 11-12 cargo at 9.5739 percent, May 16-17 at 9.7270% and June 14-15 at 9.9387%. The prices, expressed in the document as crude oil slope or the numerical percentage of Brent crude price, are a valuable pointer for the opaque LNG market. A cargo priced at 9.3 percent of Brent is about $6.23 per million British thermal units (mmBtu). Spot Asian prices for April were heard last week at $5.70 and below $6 for May.