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 06/Jun, U.S. crude inventories fell by 3.6m barrels (vs. expectations of a 2.4m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.</li>
<li>The EIA reported a 109 Bcf storage build, while analysts forecasted a 108 Bcf increase. Storage levels are 5.4% above the five-year average but 8.6% below year-ago levels.</li>
<li>Shell targets 12 MMT of new LNG capacity by 2030, while TotalEnergies partners with Mistral AI to enhance its low-carbon, multi-energy strategy using artificial intelligence.</li>
</ul>


For the week ending 06/Jun, U.S. crude inventories fell by 3.6m barrels (vs. expectations of a 2.4m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.
The EIA reported a 109 Bcf storage build, while analysts forecasted a 108 Bcf increase. Storage levels are 5.4% above the five-year average but 8.6% below year-ago levels.
Shell targets 12 MMT of new LNG capacity by 2030, while TotalEnergies partners with Mistral AI to enhance its low-carbon, multi-energy strategy using artificial intelligence.


[ETP 2025/24] WTI Rises on Trade Hopes, Geopolitics; Henry Hub Slips on Weak Near-Term Outlook

<ul>
<li>For the week ending 30/May, U.S. crude inventories fell by 4.3m barrels (vs. expectations of a 2.9m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.</li>
<li>The EIA reported a 122 Bcf storage build, while analysts forecasted a 111 Bcf increase. Storage levels are 4.7% above the five-year average but 10% below year-ago levels.</li>
<li>JPMorgan sees Reliance earnings rebounding on better margins; Saudi Aramco cuts Asia crude prices after OPEC+ supply hike.</li>
</ul>


For the week ending 30/May, U.S. crude inventories fell by 4.3m barrels (vs. expectations of a 2.9m barrel decline). Meanwhile, gasoline and distillate stockpiles rose more than expected.
The EIA reported a 122 Bcf storage build, while analysts forecasted a 111 Bcf increase. Storage levels are 4.7% above the five-year average but 10% below year-ago levels.
JPMorgan sees Reliance earnings rebounding on better margins; Saudi Aramco cuts Asia crude prices after OPEC+ supply hike.


[ETP 2025/23] WTI Rises on Supply Disruptions, Henry Hub Gains on Summer Demand Outlook

<ul>
<li>For the week ending 23/May, U.S. crude inventories fell by 2.8m barrels (vs. expectations of a 1m barrel build). Meanwhile, gasoline and distillate stockpiles unexpectedly fell.</li>
<li>The EIA reported a 101 Bcf storage build, slightly more than the 98 Bcf forecast. Storage levels are 3.9% above the five-year average.</li>
<li>Chevron will cut 800 Texas jobs in an effort to reduce its global workforce by 20%. TotalEnergies is selling its 12.5% Nigerian offshore stake to Shell for USD 510 million.</li>
</ul>


For the week ending 23/May, U.S. crude inventories fell by 2.8m barrels (vs. expectations of a 1m barrel build). Meanwhile, gasoline and distillate stockpiles unexpectedly fell.
The EIA reported a 101 Bcf storage build, slightly more than the 98 Bcf forecast. Storage levels are 3.9% above the five-year average.
Chevron will cut 800 Texas jobs in an effort to reduce its global workforce by 20%. TotalEnergies is selling its 12.5% Nigerian offshore stake to Shell for USD 510 million.


[ETP 2025/22] WTI Slips on Supply Glut Fears, Henry Hub Dips Amid Demand Drag

<ul>
<li>For the week ending 16/May, U.S. crude inventories grew by 1.3m barrels (vs. expectations of a 0.9m barrel fall). Similarly, gasoline and distillate stockpiles unexpectedly rose.</li>
<li>The EIA reported a 120 Bcf storage build, exceeding analyst forecasts of an 118 Bcf increase. Storage levels are 3.9% above the five-year average.</li>
<li>Barclays initiated coverage on Saudi Aramco with an 'Overweight' rating. Jefferies downgraded BP to 'Hold' from ‘Buy’, and Citigroup lifted its price target on Occidental Petroleum.</li>
</ul>


For the week ending 16/May, U.S. crude inventories grew by 1.3m barrels (vs. expectations of a 0.9m barrel fall). Similarly, gasoline and distillate stockpiles unexpectedly rose.
The EIA reported a 120 Bcf storage build, exceeding analyst forecasts of an 118 Bcf increase. Storage levels are 3.9% above the five-year average.
Barclays initiated coverage on Saudi Aramco with an 'Overweight' rating. Jefferies downgraded BP to 'Hold' from ‘Buy’, and Citigroup lifted its price target on Occidental Petroleum.


[ETP 2025/21] WTI Slips on Oversupply Fears, Henry Hub Hit by Mild Weather and Storage Surge

<ul>
<li>For the week ending 02/May, U.S. crude inventories fell by 2m barrels (vs. expectations of a 1.7m barrel fall). Gasoline stockpiles unexpectedly rose; distillate inventories fell less than anticipated.</li>
<li>The EIA reported a 104 Bcf storage build, slightly exceeding the 103 Bcf forecast. Storage levels are 1.4% above the five-year average.</li>
<li>Analysts cut price targets on Exxon, Chevron, Shell, Halliburton, and Schlumberger. Occidental exceeded Q1 EPS estimates but narrowly missed revenue forecasts.</li>
</ul>


For the week ending 02/May, U.S. crude inventories fell by 2m barrels (vs. expectations of a 1.7m barrel fall). Gasoline stockpiles unexpectedly rose; distillate inventories fell less than anticipated.
The EIA reported a 104 Bcf storage build, slightly exceeding the 103 Bcf forecast. Storage levels are 1.4% above the five-year average.
Analysts cut price targets on Exxon, Chevron, Shell, Halliburton, and Schlumberger. Occidental exceeded Q1 EPS estimates but narrowly missed revenue forecasts.


[ETP 2025/19] WTI Wavers on Trade Talk Hopes, Henry Hub Pressured by Uncertain Demand Outlook

Netherlands

Shell PLC explores and refines petroleum products. The Company produces and imports fuels, chemicals, and lubricants, as well as operates service station networks. Shell serves clients worldwide.

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

Shell (SHEL US)

[ETP 2025/24] WTI Rises on Trade Hopes, Geopolitics; Henry Hub Slips on Weak Near-Term Outlook

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. Nat-gas storage levels are above 5-year average....

Mint Finance

[ETP 2025/23] WTI Rises on Supply Disruptions, Henry Hub Gains on Summer Demand Outlook

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. EIA reports storage build slightly above forecast....

Mint Finance

[ETP 2025/22] WTI Slips on Supply Glut Fears, Henry Hub Dips Amid Demand Drag

US crude inventories fell more than expected, while gasoline and distillate stockpiles also dropped. Chevron to cut 800 Texas jobs, TotalEnergies...

Mint Finance

[ETP 2025/21] WTI Slips on Oversupply Fears, Henry Hub Hit by Mild Weather and Storage Surge

US crude inventories rose, gasoline and distillate stockpiles unexpectedly increased. EIA reported storage build slightly above forecast. Barclays...

Mint Finance

[ETP 2025/19] WTI Wavers on Trade Talk Hopes, Henry Hub Pressured by Uncertain Demand Outlook

US crude inventories fell, gasoline stockpiles rose, and analysts cut price targets on major oil companies while Occidental exceeded Q1 EPS...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/24] WTI Rises on Trade Hopes, Geopolitics; Henry Hub Slips on Weak Near-Term Outlook

​US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. Nat-gas storage levels are above 5-year average....

Mint Finance

[ETP 2025/23] WTI Rises on Supply Disruptions, Henry Hub Gains on Summer Demand Outlook

​US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. EIA reports storage build slightly above forecast....

Mint Finance

[ETP 2025/22] WTI Slips on Supply Glut Fears, Henry Hub Dips Amid Demand Drag

​US crude inventories fell more than expected, while gasoline and distillate stockpiles also dropped. Chevron to cut 800 Texas jobs, TotalEnergies...

Mint Finance

[ETP 2025/21] WTI Slips on Oversupply Fears, Henry Hub Hit by Mild Weather and Storage Surge

​US crude inventories rose, gasoline and distillate stockpiles unexpectedly increased. EIA reported storage build slightly above forecast. Barclays...

Mint Finance

[ETP 2025/19] WTI Wavers on Trade Talk Hopes, Henry Hub Pressured by Uncertain Demand Outlook

​US crude inventories fell, gasoline stockpiles rose, and analysts cut price targets on major oil companies while Occidental exceeded Q1 EPS...

Mint Finance

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. Nat-gas storage levels are above 5-year average....

US crude inventories fell more than expected, while gasoline and distillate stockpiles rose. EIA reports storage build slightly above forecast....

US crude inventories fell more than expected, while gasoline and distillate stockpiles also dropped. Chevron to cut 800 Texas jobs, TotalEnergies...

US crude inventories rose, gasoline and distillate stockpiles unexpectedly increased. EIA reported storage build slightly above forecast. Barclays...

US crude inventories fell, gasoline stockpiles rose, and analysts cut price targets on major oil companies while Occidental exceeded Q1 EPS...