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 01/Nov, US crude inventories rose by 2.1m barrels, contrary to expectations of a 0.3m barrel decrease. Gasoline and distillate stocks also bucked forecasts of a decline.</li>
<li>US natural gas inventories rose 69 Bcf for the week ending 01/Nov, higher than analyst expectations of a 67 Bcf buildup. Inventories are 5.8% above the 5-year seasonal average.</li>
<li>Halliburton missed revenue and EPS estimates by 2.2% and 2.7%. While Aramco beat revenue and EPS estimates by 11.2% and 2.2%. Numerous analysts upgraded their 12-month PT for Chevron.</li>
</ul>


For the week ending 01/Nov, US crude inventories rose by 2.1m barrels, contrary to expectations of a 0.3m barrel decrease. Gasoline and distillate stocks also bucked forecasts of a decline.
US natural gas inventories rose 69 Bcf for the week ending 01/Nov, higher than analyst expectations of a 67 Bcf buildup. Inventories are 5.8% above the 5-year seasonal average.
Halliburton missed revenue and EPS estimates by 2.2% and 2.7%. While Aramco beat revenue and EPS estimates by 11.2% and 2.2%. Numerous analysts upgraded their 12-month PT for Chevron.


[ETP 2024/45] WTI Drops on Trump’s Win and Rising Inventories, Henry Hub Gains on Supply Disruptions

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>With China playing headline hockey, Israel and Iran trading symbolic jabs, and OPEC+ swearing off production hikes like a smoker promising to quit on Monday (we’ve heard that one before), the oil market is truly wandering without a GPS.</li><li>Remember, sometimes no trade is a trade.</li><li>In this week’s The Drill series, we’ll break down the key factors that could influence oil price fundamentals over the next few months.</li></ul>

With China playing headline hockey, Israel and Iran trading symbolic jabs, and OPEC+ swearing off production hikes like a smoker promising to quit on Monday (we’ve heard that one before), the oil market is truly wandering without a GPS.Remember, sometimes no trade is a trade.In this week’s The Drill series, we’ll break down the key factors that could influence oil price fundamentals over the next few months.

The Drill – Oil is NOT particularly dependent on the US election

<ul>
<li>WTI futures fell 3.2% for the week ending 01/Nov, as Israel’s limited strike on Iran offset unexpected declines in US crude and gasoline inventories.</li>
<li>WTI options Put/Call volume ratio fell to 0.66 from 0.80 last week (25/Oct), as call volume increased by 40.6% WoW and put volume grew by 15.1%.  </li>
<li>WTI OI PCR inched up to 0.75 from 0.74 (25/Oct) last week. Call OI grew by 3.8% WoW, while put OI rose by 4.1%.</li>
</ul>


WTI futures fell 3.2% for the week ending 01/Nov, as Israel’s limited strike on Iran offset unexpected declines in US crude and gasoline inventories.
WTI options Put/Call volume ratio fell to 0.66 from 0.80 last week (25/Oct), as call volume increased by 40.6% WoW and put volume grew by 15.1%.  
WTI OI PCR inched up to 0.75 from 0.74 (25/Oct) last week. Call OI grew by 3.8% WoW, while put OI rose by 4.1%.


[US Crude Oil Options Weekly 2024/44] WTI Failed to Recover Losses Last Week Despite Macro Tailwinds

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Discussion on gold rates above 1700 and potential drivers</li><li>Analysis of US energy and mineral policies under different administrations</li><li>Impact of US-China trade relations on base metals and agricultural markets, including potential tariff escalations and trade disruptions.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Discussion on gold rates above 1700 and potential driversAnalysis of US energy and mineral policies under different administrationsImpact of US-China trade relations on base metals and agricultural markets, including potential tariff escalations and trade disruptions.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: 2024 US Election Watch—Cutting Through the Noise

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>Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second quarter in a row now, as the latest data by the World Gold Council for Q3 showed.</li><li>The total gold demand (inclusive of OTC investment) gained meanwhile 5% y/y to 1,313 tonnes.</li><li>Global gold ETF inflows (95t) were a major driver of growth as Q3 was the first positive quarter for ETF flows since Q1’22.</li></ul>

Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second quarter in a row now, as the latest data by the World Gold Council for Q3 showed.The total gold demand (inclusive of OTC investment) gained meanwhile 5% y/y to 1,313 tonnes.Global gold ETF inflows (95t) were a major driver of growth as Q3 was the first positive quarter for ETF flows since Q1’22.

Gold Demand Data Indicates More Economic Weakness

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
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Crude Oil (CL1 COM COMDTY)

[ETP 2024/45] WTI Drops on Trump’s Win and Rising Inventories, Henry Hub Gains on Supply Disruptions

US crude and natural gas inventories rose above expectations, while Halliburton missed estimates and Aramco exceeded them. Analysts upgrade target...

Mint Finance

The Drill – Oil is NOT particularly dependent on the US election

With China playing headline hockey, Israel and Iran trading symbolic jabs, and OPEC+ swearing off production hikes like a smoker promising to quit...

Steno Research

[US Crude Oil Options Weekly 2024/44] WTI Failed to Recover Losses Last Week Despite Macro Tailwinds

WTI prices ended the week lower, unable to recover from early losses, despite positive US and China economic data. The put-call volume ratio...

Mint Finance

Global Commodities: 2024 US Election Watch—Cutting Through the Noise

The episode covers discussions on gold rates, Trump and Harris administrations' approaches to energy commodities, China's impact on electric...

At Any Rate

Gold Demand Data Indicates More Economic Weakness

Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second...

The Commodity Report

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2024/45] WTI Drops on Trump’s Win and Rising Inventories, Henry Hub Gains on Supply Disruptions

​US crude and natural gas inventories rose above expectations, while Halliburton missed estimates and Aramco exceeded them. Analysts upgrade target...

Mint Finance

The Drill – Oil is NOT particularly dependent on the US election

With China playing headline hockey, Israel and Iran trading symbolic jabs, and OPEC+ swearing off production hikes like a smoker promising to quit...

Steno Research

[US Crude Oil Options Weekly 2024/44] WTI Failed to Recover Losses Last Week Despite Macro Tailwinds

WTI prices ended the week lower, unable to recover from early losses, despite positive US and China economic data. The put-call volume ratio...

Mint Finance

Global Commodities: 2024 US Election Watch—Cutting Through the Noise

The episode covers discussions on gold rates, Trump and Harris administrations' approaches to energy commodities, China's impact on electric...

At Any Rate

Gold Demand Data Indicates More Economic Weakness

Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second...

The Commodity Report

US crude and natural gas inventories rose above expectations, while Halliburton missed estimates and Aramco exceeded them. Analysts upgrade target...