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 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.</li>
<li>US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.</li>
<li>Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.</li>
</ul>


For the week ending 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.
US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.
Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.


[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

<ul>
<li>WTI futures fell 10.6% for the week ending 04/Apr, driven primarily by President Trump’s tariff announcement, which was broader and more severe than markets had anticipated.</li>
<li>The U.S. rig count fell by two to 590. The oil rig count grew by five to 489, while gas rigs dropped by seven to 96.</li>
<li>WTI OI PCR fell to 0.88 on 04/Apr compared to 0.91 on 28/Mar. Call OI increased by 10.8% WoW, while put OI grew by 7.2%.</li>
</ul>


WTI futures fell 10.6% for the week ending 04/Apr, driven primarily by President Trump’s tariff announcement, which was broader and more severe than markets had anticipated.
The U.S. rig count fell by two to 590. The oil rig count grew by five to 489, while gas rigs dropped by seven to 96.
WTI OI PCR fell to 0.88 on 04/Apr compared to 0.91 on 28/Mar. Call OI increased by 10.8% WoW, while put OI grew by 7.2%.


[US Crude Oil Options Weekly 2025/14] WTI Dropped to Four-Year Low on Trump’s Tariffs

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>*YTD our absolute return strategy is up 7,5% Commodities Crash after Trump’s Tariff Nightmare In his mission to re-shore critical industries, raise revenue for the U.S. and narrow the deficit, Trump rolled out aggressive tariffs on virtually all countries (except Russia, Cuba and North Korea).</li><li>The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each tariff rates seems insane.</li><li>“We will charge them approximately half of what they are and have been charging us,” Trump said of the reciprocal tariffs.</li></ul>

*YTD our absolute return strategy is up 7,5% Commodities Crash after Trump’s Tariff Nightmare In his mission to re-shore critical industries, raise revenue for the U.S. and narrow the deficit, Trump rolled out aggressive tariffs on virtually all countries (except Russia, Cuba and North Korea).The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each tariff rates seems insane.“We will charge them approximately half of what they are and have been charging us,” Trump said of the reciprocal tariffs.

Commodities Crash after Trump’s Tariff Nightmare

<ul>
<li>For the week ending 28/Mar, U.S. crude inventories rose by 6.2m barrels (vs. expectations of 0.2k fall), and gasoline stockpiles fell less than expected.</li>
<li>US natural gas inventories rose by 29 Bcf for the week ending 28/Mar, exceeding analyst expectations of a 27 Bcf build. Inventories are 4.3% below the 5-year seasonal average.</li>
<li>Chevron sold its Texas gas assets for USD 525 million, while Exxon, Occidental, Schlumberger, and Aramco had their price targets cut.</li>
</ul>


For the week ending 28/Mar, U.S. crude inventories rose by 6.2m barrels (vs. expectations of 0.2k fall), and gasoline stockpiles fell less than expected.
US natural gas inventories rose by 29 Bcf for the week ending 28/Mar, exceeding analyst expectations of a 27 Bcf build. Inventories are 4.3% below the 5-year seasonal average.
Chevron sold its Texas gas assets for USD 525 million, while Exxon, Occidental, Schlumberger, and Aramco had their price targets cut.


[ETP 2025/14] WTI Plummets on Tariffs and OPEC Output Hike, Henry Hub Supported by Cooler Weather

<ul>
<li>WTI futures rose 1.6% for the week ending 28/Mar, driven by escalating trade tensions and declining U.S. crude oil inventories.</li>
<li>The U.S. rig count fell by one to 592. The oil rig count dropped by two to 484, and gas rigs rose by one to 103.</li>
<li>WTI OI PCR grew to 0.91 on 28/Mar from 0.90 on 21/Mar. Call OI increased by 7.0% WoW, while put OI grew by 7.3%.</li>
</ul>


WTI futures rose 1.6% for the week ending 28/Mar, driven by escalating trade tensions and declining U.S. crude oil inventories.
The U.S. rig count fell by one to 592. The oil rig count dropped by two to 484, and gas rigs rose by one to 103.
WTI OI PCR grew to 0.91 on 28/Mar from 0.90 on 21/Mar. Call OI increased by 7.0% WoW, while put OI grew by 7.3%.


[US Crude Oil Options Weekly 2025/13] WTI Climbed on Tariffs and Inventory Draws

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 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

[US Crude Oil Options Weekly 2025/14] WTI Dropped to Four-Year Low on Trump’s Tariffs

Oil prices plummeted due to Trump's tariff announcement, leading to a drop in the U.S. rig count and a decrease in WTI OI PCR.

Mint Finance

Commodities Crash after Trump’s Tariff Nightmare

The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each...

The Commodity Report

[ETP 2025/14] WTI Plummets on Tariffs and OPEC Output Hike, Henry Hub Supported by Cooler Weather

US oil inventories rose significantly, while gasoline stockpiles fell less than expected. Natural gas inventories also exceeded expectations,...

Mint Finance

[US Crude Oil Options Weekly 2025/13] WTI Climbed on Tariffs and Inventory Draws

WTI futures rose 1.6% on trade tensions and lower U.S. crude inventories. U.S. rig count fell by one to 592, with oil rigs dropping by two. WTI OI...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

​US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

[US Crude Oil Options Weekly 2025/14] WTI Dropped to Four-Year Low on Trump’s Tariffs

​Oil prices plummeted due to Trump's tariff announcement, leading to a drop in the U.S. rig count and a decrease in WTI OI PCR.

Mint Finance

Commodities Crash after Trump’s Tariff Nightmare

The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each...

The Commodity Report

[ETP 2025/14] WTI Plummets on Tariffs and OPEC Output Hike, Henry Hub Supported by Cooler Weather

​US oil inventories rose significantly, while gasoline stockpiles fell less than expected. Natural gas inventories also exceeded expectations,...

Mint Finance

[US Crude Oil Options Weekly 2025/13] WTI Climbed on Tariffs and Inventory Draws

​WTI futures rose 1.6% on trade tensions and lower U.S. crude inventories. U.S. rig count fell by one to 592, with oil rigs dropping by two. WTI OI...

Mint Finance

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Oil prices plummeted due to Trump's tariff announcement, leading to a drop in the U.S. rig count and a decrease in WTI OI PCR.

US oil inventories rose significantly, while gasoline stockpiles fell less than expected. Natural gas inventories also exceeded expectations,...

WTI futures rose 1.6% on trade tensions and lower U.S. crude inventories. U.S. rig count fell by one to 592, with oil rigs dropping by two. WTI OI...