Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>WTI crude declined 1.4% for the week ending 25/Jul, pressured by oversupply concerns and renewed U.S. tariff threats, despite midweek gains from inventory draws and trade optimism.</li>
<li>The U.S. rig count fell by two to 542, marking its twelfth weekly fall in thirteen weeks. Oil rigs by seven to 415, marking its thirteenth consecutive weekly fall.</li>
<li>WTI OI PCR remained at 0.96 on 25/Jul compared to 18/Jul. Call OI inched up by 3.1% WoW, while put OI rose by 3.8%.</li>
</ul>


WTI crude declined 1.4% for the week ending 25/Jul, pressured by oversupply concerns and renewed U.S. tariff threats, despite midweek gains from inventory draws and trade optimism.
The U.S. rig count fell by two to 542, marking its twelfth weekly fall in thirteen weeks. Oil rigs by seven to 415, marking its thirteenth consecutive weekly fall.
WTI OI PCR remained at 0.96 on 25/Jul compared to 18/Jul. Call OI inched up by 3.1% WoW, while put OI rose by 3.8%.


[WTI Options Weekly 2025/30] WTI Slips Again as Supply Concerns Outweigh Trade Optimism

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Trump's 50-day ultimatum to Russia expires on September 2nd, potentially leading to sanctions and increased weapons supplies to Ukraine</li><li>EU's new price cap on Russian crude takes effect on September 3rd, aiming to curtail Russia's energy revenues and strengthen anti-circumvention measures</li><li>Snapback provisions on Iran could be triggered in September, adding to global oil price volatility and uncertainty</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Trump's 50-day ultimatum to Russia expires on September 2nd, potentially leading to sanctions and increased weapons supplies to UkraineEU's new price cap on Russian crude takes effect on September 3rd, aiming to curtail Russia's energy revenues and strengthen anti-circumvention measuresSnapback provisions on Iran could be triggered in September, adding to global oil price volatility and uncertaintyThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Is volatility cheap in September?

<ul>
<li>WTI crude prices are pressured by oversupply and weak sentiment, but received support late-week by a strong inventory draw and improved outlook for U.S.-EU trade talks. </li>
<li>U.S. natural gas prices dipped early due to high output and mild weather but recovered slightly on heat-driven demand, with ample storage limiting further upside.</li>
<li>Oil and gas corporate updates showed mixed earnings and strategy shifts, with Halliburton guiding lower, BP appointing a new chairman, and SLB falling despite beating expectations.</li>
</ul>


WTI crude prices are pressured by oversupply and weak sentiment, but received support late-week by a strong inventory draw and improved outlook for U.S.-EU trade talks. 
U.S. natural gas prices dipped early due to high output and mild weather but recovered slightly on heat-driven demand, with ample storage limiting further upside.
Oil and gas corporate updates showed mixed earnings and strategy shifts, with Halliburton guiding lower, BP appointing a new chairman, and SLB falling despite beating expectations.


[ETP 2025/30] TotalEnergies Lifts Payouts, BP Reboots Leadership; WTI Recovers While Henry Hub Drops

<ul>
<li>WTI futures dropped by 3.5% for the week ending 18/Jul, marking its first fall in three weeks. The downtrend was driven by fears over oversupply and weak demand.</li>
<li>The U.S. rig count rose by seven to 544, led by a rise in gas rigs. Oil rigs dropped for the twelfth straight week, down by two to 422.</li>
<li>WTI OI PCR rose to 0.96 on 18/Jul compared to 0.91 on 11/Jul. Call OI fell by 22.8% WoW, while put OI dropped by 18.4%.</li>
</ul>


WTI futures dropped by 3.5% for the week ending 18/Jul, marking its first fall in three weeks. The downtrend was driven by fears over oversupply and weak demand.
The U.S. rig count rose by seven to 544, led by a rise in gas rigs. Oil rigs dropped for the twelfth straight week, down by two to 422.
WTI OI PCR rose to 0.96 on 18/Jul compared to 0.91 on 11/Jul. Call OI fell by 22.8% WoW, while put OI dropped by 18.4%.


[WTI Options Weekly 2025/29] WTI Retreats as Supply Worries and Bearish Sentiment Resurface

<ul>
<li>Chevron’s arbitration win over ExxonMobil unlocks Guyana’s Stabroek Block, a key asset underpinning its USD 53 billion Hess acquisition.</li>
<li>SLB outperformed Q2 estimates despite YoY declines and also completed its ChampionX acquisition amid regulatory challenges.</li>
<li>WTI crude found support late-week after better-than-expected economic data tempered demand fears, despite early pressure from inventory and macro concerns.</li>
</ul>


Chevron’s arbitration win over ExxonMobil unlocks Guyana’s Stabroek Block, a key asset underpinning its USD 53 billion Hess acquisition.
SLB outperformed Q2 estimates despite YoY declines and also completed its ChampionX acquisition amid regulatory challenges.
WTI crude found support late-week after better-than-expected economic data tempered demand fears, despite early pressure from inventory and macro concerns.


[ETP 2025/29] Chevron Secures Guyana Win as SLB Surprises; WTI Slips, Henry Hub Snaps Losing Streak

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

[WTI Options Weekly 2025/30] WTI Slips Again as Supply Concerns Outweigh Trade Optimism

WTI fell due to oversupply concerns and tariff threats, despite midweek gains from inventory draws and trade optimism. U.S. rig count continues to...

Mint Finance

Global Commodities: Is volatility cheap in September?

Trump's 50 day ultimatum to Russia expires on September 2nd, with increased weapons supplies to Ukraine, threats of tariffs and sanctions on...

At Any Rate

[ETP 2025/30] TotalEnergies Lifts Payouts, BP Reboots Leadership; WTI Recovers While Henry Hub Drops

WTI crude prices face pressure from oversupply and weak sentiment. US natural gas prices dip due to high output and mild weather. Oil & Gas...

Mint Finance

[WTI Options Weekly 2025/29] WTI Retreats as Supply Worries and Bearish Sentiment Resurface

WTI futures fell by 3.5% due to oversupply and weak demand, while U.S. rig count rose and oil rigs dropped for the twelfth straight week. OI PCR...

Mint Finance

[ETP 2025/29] Chevron Secures Guyana Win as SLB Surprises; WTI Slips, Henry Hub Snaps Losing Streak

Chevron's arbitration win over ExxonMobil unlocks key asset in Guyana, Hess acquisition; SLB outperforms Q2 estimates with ChampionX acquisition;...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[WTI Options Weekly 2025/30] WTI Slips Again as Supply Concerns Outweigh Trade Optimism

​WTI fell due to oversupply concerns and tariff threats, despite midweek gains from inventory draws and trade optimism. U.S. rig count continues to...

Mint Finance

Global Commodities: Is volatility cheap in September?

Trump's 50 day ultimatum to Russia expires on September 2nd, with increased weapons supplies to Ukraine, threats of tariffs and sanctions on...

At Any Rate

[ETP 2025/30] TotalEnergies Lifts Payouts, BP Reboots Leadership; WTI Recovers While Henry Hub Drops

​WTI crude prices face pressure from oversupply and weak sentiment. US natural gas prices dip due to high output and mild weather. Oil & Gas...

Mint Finance

[WTI Options Weekly 2025/29] WTI Retreats as Supply Worries and Bearish Sentiment Resurface

​WTI futures fell by 3.5% due to oversupply and weak demand, while U.S. rig count rose and oil rigs dropped for the twelfth straight week. OI PCR...

Mint Finance

[ETP 2025/29] Chevron Secures Guyana Win as SLB Surprises; WTI Slips, Henry Hub Snaps Losing Streak

​Chevron's arbitration win over ExxonMobil unlocks key asset in Guyana, Hess acquisition; SLB outperforms Q2 estimates with ChampionX acquisition;...

Mint Finance

WTI fell due to oversupply concerns and tariff threats, despite midweek gains from inventory draws and trade optimism. U.S. rig count continues to...

WTI crude prices face pressure from oversupply and weak sentiment. US natural gas prices dip due to high output and mild weather. Oil & Gas...

WTI futures fell by 3.5% due to oversupply and weak demand, while U.S. rig count rose and oil rigs dropped for the twelfth straight week. OI PCR...

Chevron's arbitration win over ExxonMobil unlocks key asset in Guyana, Hess acquisition; SLB outperforms Q2 estimates with ChampionX acquisition;...