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 06/Jun, U.S. crude inventories fell by 3.6m barrels (vs. expectations of a 2.4m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.</li>
<li>The EIA reported a 109 Bcf storage build, while analysts forecasted a 108 Bcf increase. Storage levels are 5.4% above the five-year average but 8.6% below year-ago levels.</li>
<li>Shell targets 12 MMT of new LNG capacity by 2030, while TotalEnergies partners with Mistral AI to enhance its low-carbon, multi-energy strategy using artificial intelligence.</li>
</ul>


For the week ending 06/Jun, U.S. crude inventories fell by 3.6m barrels (vs. expectations of a 2.4m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.
The EIA reported a 109 Bcf storage build, while analysts forecasted a 108 Bcf increase. Storage levels are 5.4% above the five-year average but 8.6% below year-ago levels.
Shell targets 12 MMT of new LNG capacity by 2030, while TotalEnergies partners with Mistral AI to enhance its low-carbon, multi-energy strategy using artificial intelligence.


[ETP 2025/24] WTI Rises on Trade Hopes, Geopolitics; Henry Hub Slips on Weak Near-Term Outlook

<ul>
<li>WTI futures rose 6.2% for the week ending 06/Jun, as supply disruption fears and U.S.-China trade optimism outweighed concerns over the OPEC+ output hike.</li>
<li>The U.S. rig count fell by four to 559. The oil rig count fell by nine to 442, while gas rigs grew by five to 114.</li>
<li>WTI OI PCR remained at 0.83 on 06/Jun compared to 30/May. Call OI rose by 4.1% WoW, while put OI grew by 3.9%.</li>
</ul>


WTI futures rose 6.2% for the week ending 06/Jun, as supply disruption fears and U.S.-China trade optimism outweighed concerns over the OPEC+ output hike.
The U.S. rig count fell by four to 559. The oil rig count fell by nine to 442, while gas rigs grew by five to 114.
WTI OI PCR remained at 0.83 on 06/Jun compared to 30/May. Call OI rose by 4.1% WoW, while put OI grew by 3.9%.


[US Crude Oil Options Weekly 2025/23] WTI Rebounded on Supply Risks and Trade Optimism

<ul>
<li>For the week ending 30/May, U.S. crude inventories fell by 4.3m barrels (vs. expectations of a 2.9m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.</li>
<li>The EIA reported a 122 Bcf storage build, while analysts forecasted a 111 Bcf increase. Storage levels are 4.7% above the five-year average but 10% below year-ago levels.</li>
<li>JPMorgan sees Reliance earnings rebounding on better margins; Saudi Aramco cuts Asia crude prices after OPEC+ supply hike.</li>
</ul>


For the week ending 30/May, U.S. crude inventories fell by 4.3m barrels (vs. expectations of a 2.9m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.
The EIA reported a 122 Bcf storage build, while analysts forecasted a 111 Bcf increase. Storage levels are 4.7% above the five-year average but 10% below year-ago levels.
JPMorgan sees Reliance earnings rebounding on better margins; Saudi Aramco cuts Asia crude prices after OPEC+ supply hike.


[ETP 2025/23] WTI Rises on Supply Disruptions, Henry Hub Gains on Summer Demand Outlook

<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

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 2025/24] WTI Rises on Trade Hopes, Geopolitics; Henry Hub Slips on Weak Near-Term Outlook

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. Nat-gas storage levels are above 5-year average....

Mint Finance

[US Crude Oil Options Weekly 2025/23] WTI Rebounded on Supply Risks and Trade Optimism

WTI futures rose despite OPEC+ output hike concerns, U.S. rig count fell, and WTI OI PCR remained steady with call and put OI increasing.

Mint Finance

[ETP 2025/23] WTI Rises on Supply Disruptions, Henry Hub Gains on Summer Demand Outlook

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. EIA reports storage build slightly above forecast....

Mint Finance

[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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/24] WTI Rises on Trade Hopes, Geopolitics; Henry Hub Slips on Weak Near-Term Outlook

​US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. Nat-gas storage levels are above 5-year average....

Mint Finance

[US Crude Oil Options Weekly 2025/23] WTI Rebounded on Supply Risks and Trade Optimism

​WTI futures rose despite OPEC+ output hike concerns, U.S. rig count fell, and WTI OI PCR remained steady with call and put OI increasing.

Mint Finance

[ETP 2025/23] WTI Rises on Supply Disruptions, Henry Hub Gains on Summer Demand Outlook

​US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. EIA reports storage build slightly above forecast....

Mint Finance

[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

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. Nat-gas storage levels are above 5-year average....

WTI futures rose despite OPEC+ output hike concerns, U.S. rig count fell, and WTI OI PCR remained steady with call and put OI increasing.

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. EIA reports storage build slightly above forecast....

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...