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 03/Jan, U.S. crude inventories fell by 1m barrels, missing expectations of a 1.8m barrel decrease. Gasoline and distillate stockpiles rose more than expected.</li>
<li>U.S. natural gas inventories fell by 40 Bcf for the week ending 03/Jan, moderately beating analyst expectations of a 39 Bcf drawdown. Inventories are 6.5% above the 5-year seasonal average.</li>
<li>Analysts lowered 12-month PTs on Exxon, BP, Halliburton, TotalEnergies, and SLB. Morgan Stanley upgraded rating on Shell to Overweight and raised PT to USD 79.8 from USD 66.5.</li>
</ul>


For the week ending 03/Jan, U.S. crude inventories fell by 1m barrels, missing expectations of a 1.8m barrel decrease. Gasoline and distillate stockpiles rose more than expected.
U.S. natural gas inventories fell by 40 Bcf for the week ending 03/Jan, moderately beating analyst expectations of a 39 Bcf drawdown. Inventories are 6.5% above the 5-year seasonal average.
Analysts lowered 12-month PTs on Exxon, BP, Halliburton, TotalEnergies, and SLB. Morgan Stanley upgraded rating on Shell to Overweight and raised PT to USD 79.8 from USD 66.5.


[ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply

<ul>
<li>WTI futures rose 4.8% for the week ending 03/Jan, led by improving outlook on China and declining U.S. crude oil stockpiles.   </li>
<li>WTI options Put/Call volume ratio rose to 1.03 from 0.97 (27/Dec) last week, as call volume grew by 57.9% WoW while put volume increased by 68.1%.   </li>
<li>WTI OI PCR rose to 0.93 from 0.89 last week. Call OI inched up by 4.1% WoW, while put OI rose by 8.9%. </li>
</ul>


WTI futures rose 4.8% for the week ending 03/Jan, led by improving outlook on China and declining U.S. crude oil stockpiles.   
WTI options Put/Call volume ratio rose to 1.03 from 0.97 (27/Dec) last week, as call volume grew by 57.9% WoW while put volume increased by 68.1%.   
WTI OI PCR rose to 0.93 from 0.89 last week. Call OI inched up by 4.1% WoW, while put OI rose by 8.9%. 


[US Crude Oil Options Weekly 2025/01] WTI Rises for Second Straight Week on Improved Demand Outlook

<ul>
<li>The U.S. oil and gas rig count remained unchanged for the fourth straight week at 589 for the week ending on 03/Jan.</li>
<li>For the week ending 27/Dec, U.S. oil production moderately fell to 13.57m bpd from 13.59m bpd the week prior.</li>
<li>The U.S. oil rig count declined by one to 482, while active gas rigs increased by one to 103. Producers added one rig in Texas and cut one in Louisiana.</li>
</ul>


The U.S. oil and gas rig count remained unchanged for the fourth straight week at 589 for the week ending on 03/Jan.
For the week ending 27/Dec, U.S. oil production moderately fell to 13.57m bpd from 13.59m bpd the week prior.
The U.S. oil rig count declined by one to 482, while active gas rigs increased by one to 103. Producers added one rig in Texas and cut one in Louisiana.


U.S. Rig Count Steady for the Fourth Consecutive Week

<ul>
<li>For the week ending 27/Dec, U.S. crude inventories fell by 1.2m barrels, missing expectations of a 2.4m barrel decrease. Gasoline and distillate stockpiles rose more than expected.</li>
<li>U.S. natural gas inventories fell by 116 Bcf for the week ending 27/Dec, missing analyst expectations of a 127 Bcf drawdown. Inventories are 4.7% above the 5-year seasonal average.</li>
<li>JP Morgan lowered its 12-month PT for Halliburton and Schlumberger but maintained its “Overweight” ratings. Saudi Aramco revised fuel and natural gas prices for cement production starting from 01/Jan.</li>
</ul>


For the week ending 27/Dec, U.S. crude inventories fell by 1.2m barrels, missing expectations of a 2.4m barrel decrease. Gasoline and distillate stockpiles rose more than expected.
U.S. natural gas inventories fell by 116 Bcf for the week ending 27/Dec, missing analyst expectations of a 127 Bcf drawdown. Inventories are 4.7% above the 5-year seasonal average.
JP Morgan lowered its 12-month PT for Halliburton and Schlumberger but maintained its “Overweight” ratings. Saudi Aramco revised fuel and natural gas prices for cement production starting from 01/Jan.


[ETP 2025/01] WTI Rises on Improved Chinese Outlook, Henry Hub Reverses Uptrend

<ul>
<li>WTI futures rose 1.6% for the week ending 27/Dec, led by China’s planned stimulus initiative and declining U.S. crude oil stockpiles.  </li>
<li>WTI options Put/Call volume ratio rose to 0.97 from 0.95 (20/Dec) last week, as call volume grew by 22.3% WoW while put volume increased by 25.2%.  </li>
<li>WTI OI PCR rose to 0.89 from 0.87 last week. Call OI inched up by 1.8% WoW, while put OI rose by 3.6%.</li>
</ul>


WTI futures rose 1.6% for the week ending 27/Dec, led by China’s planned stimulus initiative and declining U.S. crude oil stockpiles.  
WTI options Put/Call volume ratio rose to 0.97 from 0.95 (20/Dec) last week, as call volume grew by 22.3% WoW while put volume increased by 25.2%.  
WTI OI PCR rose to 0.89 from 0.87 last week. Call OI inched up by 1.8% WoW, while put OI rose by 3.6%.


[US Crude Oil Options Weekly 2024/52] WTI Rises as Crude Stockpiles Fall and China Outlook Improves

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 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose; nat-gas withdrawal beat expectations. Analysts...

Mint Finance

[US Crude Oil Options Weekly 2025/01] WTI Rises for Second Straight Week on Improved Demand Outlook

WTI futures rose due to positive China outlook and decreasing US crude oil stockpiles. Volume and OI Put/Call ratio picked up as put OI and volume...

Mint Finance

U.S. Rig Count Steady for the Fourth Consecutive Week

US oil and gas rig count holds steady, with slight decrease in oil production and shifts in rig activity between states.

Mint Finance

[ETP 2025/01] WTI Rises on Improved Chinese Outlook, Henry Hub Reverses Uptrend

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose. Natural gas inventories also fell below expectations....

Mint Finance

[US Crude Oil Options Weekly 2024/52] WTI Rises as Crude Stockpiles Fall and China Outlook Improves

WTI futures up 1.6% on China stimulus and US stockpile decline. Put/Call volume ratio rose to 0.97 from 0.95, while Put/Call OI ratio rose to 0.89...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply

​US crude inventories fell less than expected, while gasoline and distillate stockpiles rose; nat-gas withdrawal beat expectations. Analysts...

Mint Finance

[US Crude Oil Options Weekly 2025/01] WTI Rises for Second Straight Week on Improved Demand Outlook

​WTI futures rose due to positive China outlook and decreasing US crude oil stockpiles. Volume and OI Put/Call ratio picked up as put OI and volume...

Mint Finance

U.S. Rig Count Steady for the Fourth Consecutive Week

​US oil and gas rig count holds steady, with slight decrease in oil production and shifts in rig activity between states.

Mint Finance

[ETP 2025/01] WTI Rises on Improved Chinese Outlook, Henry Hub Reverses Uptrend

​US crude inventories fell less than expected, while gasoline and distillate stockpiles rose. Natural gas inventories also fell below expectations....

Mint Finance

[US Crude Oil Options Weekly 2024/52] WTI Rises as Crude Stockpiles Fall and China Outlook Improves

​WTI futures up 1.6% on China stimulus and US stockpile decline. Put/Call volume ratio rose to 0.97 from 0.95, while Put/Call OI ratio rose to 0.89...

Mint Finance

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose; nat-gas withdrawal beat expectations. Analysts...

WTI futures rose due to positive China outlook and decreasing US crude oil stockpiles. Volume and OI Put/Call ratio picked up as put OI and volume...

US oil and gas rig count holds steady, with slight decrease in oil production and shifts in rig activity between states.

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose. Natural gas inventories also fell below expectations....

WTI futures up 1.6% on China stimulus and US stockpile decline. Put/Call volume ratio rose to 0.97 from 0.95, while Put/Call OI ratio rose to 0.89...