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>For the week ending 20/Sep, US crude inventories declined by 4.5m barrels, surpassing expectations of a 1.3m barrel drawdown. Gasoline and distillate stockpiles also decreased more than analyst estimates.</li>
<li>US natural gas inventories rise 47 Bcf for the week ending 20/Sep, lower than analyst expectations of a 52 Bcf buildup. Inventories are 7.1% above the 5-year seasonal average.</li>
<li>BP and Shell experienced rating downgrades and target price reductions, while TotalEnergies and Exxon Mobil saw upward revisions in their target prices.</li>
</ul>


For the week ending 20/Sep, US crude inventories declined by 4.5m barrels, surpassing expectations of a 1.3m barrel drawdown. Gasoline and distillate stockpiles also decreased more than analyst estimates.
US natural gas inventories rise 47 Bcf for the week ending 20/Sep, lower than analyst expectations of a 52 Bcf buildup. Inventories are 7.1% above the 5-year seasonal average.
BP and Shell experienced rating downgrades and target price reductions, while TotalEnergies and Exxon Mobil saw upward revisions in their target prices.


[ETP 2024/39] WTI Prices Slip as Supply Concerns Ease; Nat-Gas Soars on Strong Demand Expectations

<ul>
<li>WTI futures increased 3.4% for the week ending 20/Sep, driven by the Fed's rate cut, supply disruptions in Libya, and falling US crude stockpiles, which alleviated demand concerns.</li>
<li>WTI options Put/Call volume ratio fell to 0.83 (20/Sep) from 1.30 (13/Sep) as put volume fell by 45.8% WoW while call volume fell by 14.6%.</li>
<li>WTI OI PCR grew to 0.77 for the week ending 20/Sep from 0.76 on 13/Sep. Call OI fell 16.7% WoW and put OI declined by 16.1%.</li>
</ul>


WTI futures increased 3.4% for the week ending 20/Sep, driven by the Fed's rate cut, supply disruptions in Libya, and falling US crude stockpiles, which alleviated demand concerns.
WTI options Put/Call volume ratio fell to 0.83 (20/Sep) from 1.30 (13/Sep) as put volume fell by 45.8% WoW while call volume fell by 14.6%.
WTI OI PCR grew to 0.77 for the week ending 20/Sep from 0.76 on 13/Sep. Call OI fell 16.7% WoW and put OI declined by 16.1%.


[US Crude Oil Options Weekly 2024/38] WTI Crude Rallies on Fed Rate Cut and Stronger Demand Outlook

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Stimulus /: China rolls out fresh stimulus to boost sluggish economy</li><li>China-Japan /: Beijing, Tokyo reaffirm ties after fatal stabbing of Japanese schoolboy</li><li>SOE /: China creates new state giant to turn waste into resources</li></ul>

Stimulus /: China rolls out fresh stimulus to boost sluggish economyChina-Japan /: Beijing, Tokyo reaffirm ties after fatal stabbing of Japanese schoolboySOE /: China creates new state giant to turn waste into resources

CX Daily: China Rolls Out Fresh Stimulus to Boost Sluggish Economy 

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

<ul><li>According to the latest BofA fund manager survey, investors continue to sell commodities.</li><li>Allocation-wise we’re now back at levels we were at the beginning of the pandemic back in 2020.</li><li>Long commodities is now a contrarian trade again.</li></ul>

According to the latest BofA fund manager survey, investors continue to sell commodities.Allocation-wise we’re now back at levels we were at the beginning of the pandemic back in 2020.Long commodities is now a contrarian trade again.

Fund Managers Hate Commodities // EU Deforestation Law Disaster

<ul>
<li>US oil and gas rig count fell by two to 588 for the week ending 20/Sep, the fifth decline in six weeks, after rising by eight last week.</li>
<li>The US oil rig count stayed flat at 488 after rising by five last week. Gas rigs fell by one to 96, marking its fourth decrease in five weeks.</li>
<li>For the week ending 20/Sep, US energy producers added two rigs in Texas. Conversely, they cut one rig each in Colorado, Louisiana, New Mexico, and Utah.   </li>
</ul>


US oil and gas rig count fell by two to 588 for the week ending 20/Sep, the fifth decline in six weeks, after rising by eight last week.
The US oil rig count stayed flat at 488 after rising by five last week. Gas rigs fell by one to 96, marking its fourth decrease in five weeks.
For the week ending 20/Sep, US energy producers added two rigs in Texas. Conversely, they cut one rig each in Colorado, Louisiana, New Mexico, and Utah.   


US Rig Count Resumes Decline After Last Week’s Strong Rebound

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)

[ETP 2024/39] WTI Prices Slip as Supply Concerns Ease; Nat-Gas Soars on Strong Demand Expectations

WTI reversed gains as supply disruptions eased amid persistent demand worries. In contrast, nat-gas prices surged on expectations of strong demand...

Mint Finance

[US Crude Oil Options Weekly 2024/38] WTI Crude Rallies on Fed Rate Cut and Stronger Demand Outlook

WTI prices rebounded last week on the back of a massive Fed rate cut and expectations of demand growth in the US. The Put/Call volume ratio fell to...

Mint Finance

CX Daily: China Rolls Out Fresh Stimulus to Boost Sluggish Economy

Stimulus / China rolls out fresh stimulus to boost sluggish economy China announced a slew of stimulus measures Tuesday, including lowering rates...

Caixin Global

Fund Managers Hate Commodities // EU Deforestation Law Disaster

According to the latest BofA fund manager survey, investors continue to sell commodities. Allocation-wise we’re now back at levels we were at the...

The Commodity Report

US Rig Count Resumes Decline After Last Week’s Strong Rebound

For the week ending 20/Sep, the US rig count fell by 2 to 588, its fifth decline in six weeks. The oil rig count stayed flat, while the gas rig...

Mint Finance

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