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.

Deep Fundamental Analysis

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Commodities

<ul>
<li>The Hormuz blockade turned a crude shock into a product crisis; jet fuel doubled, distillate crack spreads hit 2022 highs, and U.S. Gulf Coast refiners ran at record utilisation.</li>
<li>U.S. refiners capitalised on global disruption, ramping utilisation and exports while Asian and European peers cut runs due to crude shortages.</li>
<li>U.S. refiners’ revenue to rise but EPS faces near-term pressure as crude cost inflation, hedge losses, and timing mismatches mean true margin capture likely shifts to Q2–Q3 2026.</li>
</ul>


The Hormuz blockade turned a crude shock into a product crisis; jet fuel doubled, distillate crack spreads hit 2022 highs, and U.S. Gulf Coast refiners ran at record utilisation.
U.S. refiners capitalised on global disruption, ramping utilisation and exports while Asian and European peers cut runs due to crude shortages.
U.S. refiners’ revenue to rise but EPS faces near-term pressure as crude cost inflation, hedge losses, and timing mismatches mean true margin capture likely shifts to Q2–Q3 2026.


The Refiner's Edge: How the War in Iran Aids U.S. Refining

NY Harbor ULSD Futures

The Refiner's Edge: How the War in Iran Aids U.S. Refining