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>WTI futures rose 4.5% for the week ending 25/Oct, as escalating Middle East tensions and Chinese stimulus measures more than offset the larger-than-expected build in US crude inventories.</li>
<li>WTI options Put/Call volume ratio increased to 0.80 from 0.52 last week (18/Oct), as call volume dropped by 38.2% WoW and put volume fell by 3.6%.  </li>
<li>WTI OI PCR remained unchanged at 0.74 (25/Oct) compared to last week. Call OI grew by 3.3% WoW, while put OI rose by 4.0%.</li>
</ul>


WTI futures rose 4.5% for the week ending 25/Oct, as escalating Middle East tensions and Chinese stimulus measures more than offset the larger-than-expected build in US crude inventories.
WTI options Put/Call volume ratio increased to 0.80 from 0.52 last week (18/Oct), as call volume dropped by 38.2% WoW and put volume fell by 3.6%.  
WTI OI PCR remained unchanged at 0.74 (25/Oct) compared to last week. Call OI grew by 3.3% WoW, while put OI rose by 4.0%.


[US Crude Oil Options Weekly 2024/43] WTI Rose on Renewed Middle East Tensions and Chinese Stimulus

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>Futures Trading is Booming - due to Weather Risks Agricultural futures and options closed Q3 with 10% growth compared to Q3 2023.</li><li>This surge was notably fueled by a record 1.6M ADV in August, marking a 19% increase in growth year over year.</li><li>Drought conditions in Brazil, poor weather in the Black sea, low river levels, increased fund participation and low cattle herd have traders turning to Agricultural futures and options as essential tools for managing risk.</li></ul>

Futures Trading is Booming - due to Weather Risks Agricultural futures and options closed Q3 with 10% growth compared to Q3 2023.This surge was notably fueled by a record 1.6M ADV in August, marking a 19% increase in growth year over year.Drought conditions in Brazil, poor weather in the Black sea, low river levels, increased fund participation and low cattle herd have traders turning to Agricultural futures and options as essential tools for managing risk.

The Cattle Cycle - Higher Prices for Longer?

<ul>
<li>The US oil and gas rig count remained unchanged at 585 for the week ending on 25/Oct, after falling by one the week prior.</li>
<li>In October, US rig count fell by two, with oil rigs falling by four and gas rigs rising by two, following a four-rig gain (oil +1, gas +3) in September.</li>
<li>For the week ending 25/Oct, US energy producers added one rig each in New Mexico, Oklahoma, and Ohio, while cutting two rigs in Louisiana and one in Pennsylvania.</li>
</ul>


The US oil and gas rig count remained unchanged at 585 for the week ending on 25/Oct, after falling by one the week prior.
In October, US rig count fell by two, with oil rigs falling by four and gas rigs rising by two, following a four-rig gain (oil +1, gas +3) in September.
For the week ending 25/Oct, US energy producers added one rig each in New Mexico, Oklahoma, and Ohio, while cutting two rigs in Louisiana and one in Pennsylvania.


US Rig Count Holds Steady as Gas Rig Rise Offsets Oil Drop

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>“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to Bloomberg.</li><li>Nothing is more revealing than a bureaucrat unintentionally exposing the true objectives of fiscal and monetary policy in “officialese,” making it difficult for most to grasp the underlying ramifications.</li><li>Janet Yellen addressed the ballooning interest payments as a percentage of GDP in her interview with Bloomberg on Friday, referring to the “real net interest cost of debt” as her guiding metric for assessing the sustainability of U.S. debt levels.</li></ul>

“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to Bloomberg.Nothing is more revealing than a bureaucrat unintentionally exposing the true objectives of fiscal and monetary policy in “officialese,” making it difficult for most to grasp the underlying ramifications.Janet Yellen addressed the ballooning interest payments as a percentage of GDP in her interview with Bloomberg on Friday, referring to the “real net interest cost of debt” as her guiding metric for assessing the sustainability of U.S. debt levels.

Bond Yield Watch: Yellen has decided to inflate the debt away. Position accordingly..

<ul>
<li>For the week ending 18/Oct, US crude inventories increased by 5.5m barrels, exceeding expectations of a 0.8m barrel build. Gasoline stocks defied expectations of decline while distillate inventories fell lesser-than-expected.  </li>
<li>US natural gas inventories rose 80 Bcf for the week ending 18/Oct, higher than analyst expectations of an 61 Bcf buildup. Inventories are 4.6% above the 5-year seasonal average.</li>
<li>Schlumberger missed revenue estimates by 1.2% but beat EPS forecasts by 0.6%, prompting analysts to cut target prices. Meanwhile, Saudi Aramco's CEO anticipates improved Chinese oil demand post-stimulus.</li>
</ul>


For the week ending 18/Oct, US crude inventories increased by 5.5m barrels, exceeding expectations of a 0.8m barrel build. Gasoline stocks defied expectations of decline while distillate inventories fell lesser-than-expected.  
US natural gas inventories rose 80 Bcf for the week ending 18/Oct, higher than analyst expectations of an 61 Bcf buildup. Inventories are 4.6% above the 5-year seasonal average.
Schlumberger missed revenue estimates by 1.2% but beat EPS forecasts by 0.6%, prompting analysts to cut target prices. Meanwhile, Saudi Aramco's CEO anticipates improved Chinese oil demand post-stimulus.


[ETP 2024/43] WTI Rebounds as Middle East Conflict Escalates; Henry Hub Rises on Improving Demand

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)

[US Crude Oil Options Weekly 2024/43] WTI Rose on Renewed Middle East Tensions and Chinese Stimulus

WTI ended the week higher amid escalating Middle East tensions and additional stimulus measures from China to support its slowing economy. The...

Mint Finance

The Cattle Cycle - Higher Prices for Longer?

Futures Trading is Booming - due to Weather Risks Agricultural futures and options closed Q3 with 10% growth compared to Q3 2023.

The Commodity Report

US Rig Count Holds Steady as Gas Rig Rise Offsets Oil Drop

For the week ending 25/Oct, the US rig count remained unchanged at 585. Oil rigs fell by 2, while gas rigs rose by 2. US oil and gas reduced 2 oil...

Mint Finance

Bond Yield Watch: Yellen has decided to inflate the debt away. Position accordingly..

“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to...

Steno Research

[ETP 2024/43] WTI Rebounds as Middle East Conflict Escalates; Henry Hub Rises on Improving Demand

US crude inventories surged, natural gas inventories rose, Schlumberger missed revenue but beat EPS, Saudi Aramco CEO optimistic about Chinese oil...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[US Crude Oil Options Weekly 2024/43] WTI Rose on Renewed Middle East Tensions and Chinese Stimulus

WTI ended the week higher amid escalating Middle East tensions and additional stimulus measures from China to support its slowing economy. The...

Mint Finance

The Cattle Cycle - Higher Prices for Longer?

Futures Trading is Booming - due to Weather Risks Agricultural futures and options closed Q3 with 10% growth compared to Q3 2023.

The Commodity Report

US Rig Count Holds Steady as Gas Rig Rise Offsets Oil Drop

For the week ending 25/Oct, the US rig count remained unchanged at 585. Oil rigs fell by 2, while gas rigs rose by 2. US oil and gas reduced 2 oil...

Mint Finance

Bond Yield Watch: Yellen has decided to inflate the debt away. Position accordingly..

“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to...

Steno Research

[ETP 2024/43] WTI Rebounds as Middle East Conflict Escalates; Henry Hub Rises on Improving Demand

​US crude inventories surged, natural gas inventories rose, Schlumberger missed revenue but beat EPS, Saudi Aramco CEO optimistic about Chinese oil...

Mint Finance

US crude inventories surged, natural gas inventories rose, Schlumberger missed revenue but beat EPS, Saudi Aramco CEO optimistic about Chinese oil...