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 futures fell by 1.2% for the week ending 30/May as concerns over OPEC+ supply hike overshadowed the surprise fall in U.S. crude inventories.</li>
<li>The U.S. rig count fell by three to 563. The oil rig count fell by four to 461, while gas rigs grew by one to 99.</li>
<li>WTI OI PCR inched up to 0.83 on 30/May compared to 0.82 on 23/May. Call OI rose by 4.9% WoW, while put OI grew by 5.9%.</li>
</ul>


WTI futures fell by 1.2% for the week ending 30/May as concerns over OPEC+ supply hike overshadowed the surprise fall in U.S. crude inventories.
The U.S. rig count fell by three to 563. The oil rig count fell by four to 461, while gas rigs grew by one to 99.
WTI OI PCR inched up to 0.83 on 30/May compared to 0.82 on 23/May. Call OI rose by 4.9% WoW, while put OI grew by 5.9%.


[US Crude Oil Options Weekly 2025/22] WTI Slips on Oversupply Fears, Shrugs Off U.S. Inventory Draw

<ul>
<li>For the week ending 23/May, U.S. crude inventories fell by 2.8m barrels (vs. expectations of a 1m barrel build). Meanwhile, gasoline and distillate stockpiles unexpectedly fell.</li>
<li>The EIA reported a 101 Bcf storage build, slightly more than the 98 Bcf forecast. Storage levels are 3.9% above the five-year average.</li>
<li>Chevron will cut 800 Texas jobs in an effort to reduce its global workforce by 20%. TotalEnergies is selling its 12.5% Nigerian offshore stake to Shell for USD 510 million.</li>
</ul>


For the week ending 23/May, U.S. crude inventories fell by 2.8m barrels (vs. expectations of a 1m barrel build). Meanwhile, gasoline and distillate stockpiles unexpectedly fell.
The EIA reported a 101 Bcf storage build, slightly more than the 98 Bcf forecast. Storage levels are 3.9% above the five-year average.
Chevron will cut 800 Texas jobs in an effort to reduce its global workforce by 20%. TotalEnergies is selling its 12.5% Nigerian offshore stake to Shell for USD 510 million.


[ETP 2025/22] WTI Slips on Supply Glut Fears, Henry Hub Dips Amid Demand Drag

Podcast by Eric Golden on Web3 businesses, Web3 Breakdowns

Web3 Breakdowns

Podcast by Eric Golden on Web3 businesses

Web3 Breakdowns is a series of conversations exploring innovation in the decentralized internet. Each episode will focus on a different topic - we will cover NFT projects, crypto assets, blockchain-based protocols, and businesses being built with Web3 architecture. We will talk to founders, artists, investors and influencers to understand this emerging ecosystem. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.

<ul><li>Daniel Dicker is a seasoned oil trader and expert on energy markets</li><li>Oil has become less important in the macro landscape, with its influence on stocks decreasing over the years</li><li>Oil's current price fluctuations are driven more by supply and demand factors rather than financial speculation, with no signs of improvement in the near future, despite recent macro developments.</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>

Daniel Dicker is a seasoned oil trader and expert on energy marketsOil has become less important in the macro landscape, with its influence on stocks decreasing over the yearsOil's current price fluctuations are driven more by supply and demand factors rather than financial speculation, with no signs of improvement in the near future, despite recent macro developments.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Dan Dicker: The Great Oil Reckoning - [Making Markets, EP.61]

<ul>
<li>WTI futures fell by 0.7% for the week ending 23/May due to rising U.S. crude inventories and concerns over OPEC+ raining supply.</li>
<li>The U.S. rig count fell by ten to 566. The oil rig count fell by eight to 465, while gas rigs also fell by two to 98.</li>
<li>WTI OI PCR remained unchanged at 0.82 on 23/May compared to 16/May. Call OI rose by 4.8% WoW, while put OI grew by 4.7%.</li>
</ul>


WTI futures fell by 0.7% for the week ending 23/May due to rising U.S. crude inventories and concerns over OPEC+ raining supply.
The U.S. rig count fell by ten to 566. The oil rig count fell by eight to 465, while gas rigs also fell by two to 98.
WTI OI PCR remained unchanged at 0.82 on 23/May compared to 16/May. Call OI rose by 4.8% WoW, while put OI grew by 4.7%.


[US Crude Oil Options Weekly 2025/21] WTI Slips on Surprise Stockpile Surge and OPEC+ Supply Jitters

<ul>
<li>For the week ending 16/May, U.S. crude inventories grew by 1.3m barrels (vs. expectations of a 0.9m barrel fall). Similarly, gasoline and distillate stockpiles unexpectedly rose.</li>
<li>The EIA reported a 120 Bcf storage build, exceeding analyst forecasts of an 118 Bcf increase. Storage levels are 3.9% above the five-year average.</li>
<li>Barclays initiated coverage on Saudi Aramco with an 'Overweight' rating. Jefferies downgraded BP to 'Hold' from ‘Buy’, and Citigroup lifted its price target on Occidental Petroleum.</li>
</ul>


For the week ending 16/May, U.S. crude inventories grew by 1.3m barrels (vs. expectations of a 0.9m barrel fall). Similarly, gasoline and distillate stockpiles unexpectedly rose.
The EIA reported a 120 Bcf storage build, exceeding analyst forecasts of an 118 Bcf increase. Storage levels are 3.9% above the five-year average.
Barclays initiated coverage on Saudi Aramco with an 'Overweight' rating. Jefferies downgraded BP to 'Hold' from ‘Buy’, and Citigroup lifted its price target on Occidental Petroleum.


[ETP 2025/21] WTI Slips on Oversupply Fears, Henry Hub Hit by Mild Weather and Storage Surge

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)

[US Crude Oil Options Weekly 2025/22] WTI Slips on Oversupply Fears, Shrugs Off U.S. Inventory Draw

WTI futures drop as OPEC+ supply concerns outweigh U.S. crude inventory decline, U.S. rig count falls by 3, WTI OI PCR edges up.

Mint Finance

[ETP 2025/22] WTI Slips on Supply Glut Fears, Henry Hub Dips Amid Demand Drag

US crude inventories fell more than expected, while gasoline and distillate stockpiles also dropped. Chevron to cut 800 Texas jobs, TotalEnergies...

Mint Finance

Dan Dicker: The Great Oil Reckoning - [Making Markets, EP.61]

Daniel Dicker explains the current state of the oil market, highlighting how its influence on the economy and stock market has changed over time...

Web3 Breakdowns

[US Crude Oil Options Weekly 2025/21] WTI Slips on Surprise Stockpile Surge and OPEC+ Supply Jitters

WTI futures drop 0.7% as U.S. crude inventories rise and OPEC+ supply concerns weigh; U.S. rig count falls by ten, with oil rigs down by eight. OI...

Mint Finance

[ETP 2025/21] WTI Slips on Oversupply Fears, Henry Hub Hit by Mild Weather and Storage Surge

US crude inventories rose, gasoline and distillate stockpiles unexpectedly increased. EIA reported storage build slightly above forecast. Barclays...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[US Crude Oil Options Weekly 2025/22] WTI Slips on Oversupply Fears, Shrugs Off U.S. Inventory Draw

​WTI futures drop as OPEC+ supply concerns outweigh U.S. crude inventory decline, U.S. rig count falls by 3, WTI OI PCR edges up.

Mint Finance

[ETP 2025/22] WTI Slips on Supply Glut Fears, Henry Hub Dips Amid Demand Drag

​US crude inventories fell more than expected, while gasoline and distillate stockpiles also dropped. Chevron to cut 800 Texas jobs, TotalEnergies...

Mint Finance

Dan Dicker: The Great Oil Reckoning - [Making Markets, EP.61]

Daniel Dicker explains the current state of the oil market, highlighting how its influence on the economy and stock market has changed over time...

Web3 Breakdowns

[US Crude Oil Options Weekly 2025/21] WTI Slips on Surprise Stockpile Surge and OPEC+ Supply Jitters

​WTI futures drop 0.7% as U.S. crude inventories rise and OPEC+ supply concerns weigh; U.S. rig count falls by ten, with oil rigs down by eight. OI...

Mint Finance

[ETP 2025/21] WTI Slips on Oversupply Fears, Henry Hub Hit by Mild Weather and Storage Surge

​US crude inventories rose, gasoline and distillate stockpiles unexpectedly increased. EIA reported storage build slightly above forecast. Barclays...

Mint Finance

WTI futures drop as OPEC+ supply concerns outweigh U.S. crude inventory decline, U.S. rig count falls by 3, WTI OI PCR edges up.

US crude inventories fell more than expected, while gasoline and distillate stockpiles also dropped. Chevron to cut 800 Texas jobs, TotalEnergies...

WTI futures drop 0.7% as U.S. crude inventories rise and OPEC+ supply concerns weigh; U.S. rig count falls by ten, with oil rigs down by eight. OI...

US crude inventories rose, gasoline and distillate stockpiles unexpectedly increased. EIA reported storage build slightly above forecast. Barclays...