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 25/Apr, U.S. crude inventories fell by 2.7m barrels (vs. expectations of a 0.4m barrel build). Gasoline stockpiles fell more than expected.</li>
<li>Henry Hub headed for its first weekly gain in five weeks. The EIA reported a 107 Bcf storage build, below the expected 111 Bcf increase.</li>
<li>BP, TotalEnergies, Shell, Exxon, and Chevron saw YoY profit declines, but Shell, Exxon, and Chevron beat EPS estimates, while TotalEnergies and BP fell short of analyst expectations.</li>
</ul>


For the week ending 25/Apr, U.S. crude inventories fell by 2.7m barrels (vs. expectations of a 0.4m barrel build). Gasoline stockpiles fell more than expected.
Henry Hub headed for its first weekly gain in five weeks. The EIA reported a 107 Bcf storage build, below the expected 111 Bcf increase.
BP, TotalEnergies, Shell, Exxon, and Chevron saw YoY profit declines, but Shell, Exxon, and Chevron beat EPS estimates, while TotalEnergies and BP fell short of analyst expectations.


[ETP 2025/18] WTI Extends Losses, Henry Hub Rebounds on Summer Demand Optimism

<ul>
<li>WTI futures fell 1.6% for the week ending 25/Apr, weighed by an OPEC+ supply hike and escalating U.S.-China trade tensions.</li>
<li>The U.S. rig count rose by two to 587. The oil rig count rose by two to 483, while gas rigs also grew by one to 99.</li>
<li>WTI OI PCR inched up to 0.83 on 28/Apr from 0.81 on 17/Apr. Call OI rose by 5.3%, while put OI increased by 8%.</li>
</ul>


WTI futures fell 1.6% for the week ending 25/Apr, weighed by an OPEC+ supply hike and escalating U.S.-China trade tensions.
The U.S. rig count rose by two to 587. The oil rig count rose by two to 483, while gas rigs also grew by one to 99.
WTI OI PCR inched up to 0.83 on 28/Apr from 0.81 on 17/Apr. Call OI rose by 5.3%, while put OI increased by 8%.


[US Crude Oil Options Weekly 2025/17] WTI Slips on OPEC Supply Concerns and Trade Uncertainty

<ul>
<li>U.S. oil producers need prices between USD 61-70 per barrel to maintain profitability. With prices around USD 60 per barrel, drilling activity is likely to decrease.</li>
<li>Rising tariffs and trade uncertainty are increasing oilfield equipment costs and threatening production growth in the United States.</li>
<li>While Saudi Arabia faces fiscal pressures and OPEC supply constraints, Petrobras benefits from low breakeven costs, no OPEC restrictions, and strong investment.</li>
</ul>


U.S. oil producers need prices between USD 61-70 per barrel to maintain profitability. With prices around USD 60 per barrel, drilling activity is likely to decrease.
Rising tariffs and trade uncertainty are increasing oilfield equipment costs and threatening production growth in the United States.
While Saudi Arabia faces fiscal pressures and OPEC supply constraints, Petrobras benefits from low breakeven costs, no OPEC restrictions, and strong investment.


The Diverging Impact of Falling Crude Prices on Various Oil Producing Regions

<ul>
<li>Crude prices plunged to multi-year lows amid rising global supply and trade tensions, stoking demand fears and slowing U.S. shale activity.</li>
<li>Oilfield services firms are underperforming peers as falling rig counts and steel tariffs drive up costs and erode margins.</li>
<li>With fixed-cost-heavy models and fewer upstream clients, the sector faces amplified downside risks and limited pricing power in the near term.</li>
</ul>


Crude prices plunged to multi-year lows amid rising global supply and trade tensions, stoking demand fears and slowing U.S. shale activity.
Oilfield services firms are underperforming peers as falling rig counts and steel tariffs drive up costs and erode margins.
With fixed-cost-heavy models and fewer upstream clients, the sector faces amplified downside risks and limited pricing power in the near term.


Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

<ul>
<li>For the week ending 18/Apr, U.S. crude inventories rose by 0.2m barrels (vs. expectations of a 0.7m barrel fall). Gasoline and distillate stockpiles fell more than expected.</li>
<li>Henry Hub is headed for a fourth straight weekly decline. U.S. natural gas inventories rose by 88 Bcf, exceeding analyst expectations of a 69 Bcf build.</li>
<li>Analysts cut price targets for Exxon, Chevron, Occidental, and Halliburton. Activist investor Elliott raised its stake in BP to just over 5% via derivative contracts.</li>
</ul>


For the week ending 18/Apr, U.S. crude inventories rose by 0.2m barrels (vs. expectations of a 0.7m barrel fall). Gasoline and distillate stockpiles fell more than expected.
Henry Hub is headed for a fourth straight weekly decline. U.S. natural gas inventories rose by 88 Bcf, exceeding analyst expectations of a 69 Bcf build.
Analysts cut price targets for Exxon, Chevron, Occidental, and Halliburton. Activist investor Elliott raised its stake in BP to just over 5% via derivative contracts.


[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Crude Oil (CL1 COM COMDTY)

[ETP 2025/18] WTI Extends Losses, Henry Hub Rebounds on Summer Demand Optimism

US crude inventories fell, gasoline stockpiles dropped, Henry Hub on track for first weekly gain in 5 weeks, major oil companies report YoY profit...

Mint Finance

[US Crude Oil Options Weekly 2025/17] WTI Slips on OPEC Supply Concerns and Trade Uncertainty

WTI futures dropped 1.6% due to OPEC+ supply hike and U.S.-China trade tensions. U.S. rig count increased by 2. WTI OI PCR rose to 0.83.

Mint Finance

The Diverging Impact of Falling Crude Prices on Various Oil Producing Regions

U.S. oil producers face profitability challenges with prices near USD 60/b, while trade uncertainty raises equipment costs. Saudi Arabia struggles...

Mint Finance

Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Mint Finance

[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/18] WTI Extends Losses, Henry Hub Rebounds on Summer Demand Optimism

​US crude inventories fell, gasoline stockpiles dropped, Henry Hub on track for first weekly gain in 5 weeks, major oil companies report YoY profit...

Mint Finance

[US Crude Oil Options Weekly 2025/17] WTI Slips on OPEC Supply Concerns and Trade Uncertainty

​WTI futures dropped 1.6% due to OPEC+ supply hike and U.S.-China trade tensions. U.S. rig count increased by 2. WTI OI PCR rose to 0.83.

Mint Finance

The Diverging Impact of Falling Crude Prices on Various Oil Producing Regions

​U.S. oil producers face profitability challenges with prices near USD 60/b, while trade uncertainty raises equipment costs. Saudi Arabia struggles...

Mint Finance

Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

​Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Mint Finance

[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

​US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

Mint Finance

US crude inventories fell, gasoline stockpiles dropped, Henry Hub on track for first weekly gain in 5 weeks, major oil companies report YoY profit...

WTI futures dropped 1.6% due to OPEC+ supply hike and U.S.-China trade tensions. U.S. rig count increased by 2. WTI OI PCR rose to 0.83.

U.S. oil producers face profitability challenges with prices near USD 60/b, while trade uncertainty raises equipment costs. Saudi Arabia struggles...

Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...