The Market -- Part 1 -- June 7, 2022

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Refineries: Big Oil releases a shot across the bow -- threatens to shut down a Houston refinery a year earlier than planned. LOL. No link. It's too precious to link. 

LNG:

• Qatar
• XOM, Shell, TTE, COP will be awarded; link here.
  
• North Field expansion will boost Qatar's LNG output by 64% by 2027
• a $30-billion expansion
• many bidders; XOM and Total winners, but Shell and Conoco will participate
  
• it's quickly becoming USA, Qatar, and ... 
  

Oil:

• today: $120
• tomorrow: $140

Oil:

• Brent: up a bit; trading at $120.30;
• WTI: up a bit; trading at $119.20;
• natural gas: up a bit; trading at $9.35

Market:

• CVX: up 2%; up $3.40; trading at $180+
• OXY: up 2%; up  $1.33; tradng at $71
• COP: up 3.2%; up $3.76; trading at $121+
• MPC: up 2.7%; up $3; trading at $112+
• MNRL: up 1.5%; up 49 cents; trading at $32.50

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The Book Page

Goal: reading one new book each week

• two weeks ago: Cape Cod, 1910 - 1960
  
• last week: Hollywood, 1960's, Brooke and Dennis
  
• this week: Deep Sea scrolls, Edmund Wilson
  
• next week: blood

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Oil

This is fascinating.

GS says oil will be trading at $140 by the end of the summer.

For now, traders have drawn the greed / fear line at $120