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

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.

<ul>
<li>For the week ending 13/Dec, US crude inventories fell by 0.9m barrels, missing forecasts. Gasoline stocks rose more than anticipated, while distillate inventories declined more than expected.</li>
<li>US natural gas inventories fell by 125 Bcf for the week ending 13/Dec, beating analyst expectations of a 123 Bcf drawdown. Inventories are 3.8% above the 5-year seasonal average.</li>
<li>Major analysts lowered their 12-month PTs on Exxon, SLB, Halliburton, and Occidental. Also, Barclays downgraded its rating on Halliburton to Equalweight from Overweight.</li>
</ul>


For the week ending 13/Dec, US crude inventories fell by 0.9m barrels, missing forecasts. Gasoline stocks rose more than anticipated, while distillate inventories declined more than expected.
US natural gas inventories fell by 125 Bcf for the week ending 13/Dec, beating analyst expectations of a 123 Bcf drawdown. Inventories are 3.8% above the 5-year seasonal average.
Major analysts lowered their 12-month PTs on Exxon, SLB, Halliburton, and Occidental. Also, Barclays downgraded its rating on Halliburton to Equalweight from Overweight.


[ETP 2024/51] Fed’s Hawkish Tone Drags WTI Prices, Henry Hub Soars on Rising LNG Exports

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

<ul>
<li>US natural gas prices rose 6.6% for the week ending 13/Dec, driven by rising LNG exports, despite downward pressure from milder winter forecasts.</li>
<li>Henry Hub Put/Call volume ratio rose to 1.10 from 1.06 (06/Dec) the previous week as put volumes rose by 21.5% WoW, while call volumes increased by 16.5%. </li>
<li>Henry Hub OI PCR fell to 0.83 from 0.84 compared to last week. Call OI rose by 5.4% WoW, while put OI increased by 4.8%.</li>
</ul>


US natural gas prices rose 6.6% for the week ending 13/Dec, driven by rising LNG exports, despite downward pressure from milder winter forecasts.
Henry Hub Put/Call volume ratio rose to 1.10 from 1.06 (06/Dec) the previous week as put volumes rose by 21.5% WoW, while call volumes increased by 16.5%. 
Henry Hub OI PCR fell to 0.83 from 0.84 compared to last week. Call OI rose by 5.4% WoW, while put OI increased by 4.8%.


[US Nat Gas Options Weekly 2024/50] Henry Hub Gains as LNG Exports Offset Soft Winter Outlook

<ul>
<li>WTI futures rose 6.1% for the week ending 13/Dec, driven by China's policy easing plans and supply concerns from sanctions on Russia and Iran.</li>
<li>WTI options Put/Call volume ratio fell 1.15 from 1.24 (06/Dec) last week, as call volume rose by 21.7% WoW while put volume increased by 12.6%.  </li>
<li>WTI OI PCR fell to 0.85 from 0.88 last week. Call OI rose by 7.0% WoW, while put OI increased by 3.3%.</li>
</ul>


WTI futures rose 6.1% for the week ending 13/Dec, driven by China's policy easing plans and supply concerns from sanctions on Russia and Iran.
WTI options Put/Call volume ratio fell 1.15 from 1.24 (06/Dec) last week, as call volume rose by 21.7% WoW while put volume increased by 12.6%.  
WTI OI PCR fell to 0.85 from 0.88 last week. Call OI rose by 7.0% WoW, while put OI increased by 3.3%.


[US Crude Oil Options Weekly 2024/50] WTI Gains on China Optimism and Sanction-Driven Concerns

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH).n(H2O)) or siderite (FeCO3, 48.2% Fe).

<ul>
<li>Price Movements: SGX Iron Ore Futures rose $1.95/ton last week, peaking at $107.30/ton but faced increased resistance and waning momentum in the later part of the week. </li>
<li>Economic Influence: Expanded Chinese stimulus initially boosted prices, but weak CPI and loan data revealed sustained economic headwinds, dampening a lasting rally.</li>
<li>Technical Indicators: A flat-top pattern, narrowing MACD, and declining RSI point to bearish potential.</li>
</ul>


Price Movements: SGX Iron Ore Futures rose $1.95/ton last week, peaking at $107.30/ton but faced increased resistance and waning momentum in the later part of the week. 
Economic Influence: Expanded Chinese stimulus initially boosted prices, but weak CPI and loan data revealed sustained economic headwinds, dampening a lasting rally.
Technical Indicators: A flat-top pattern, narrowing MACD, and declining RSI point to bearish potential.


[IO Technicals Weekly 2024/​50] Stimulus Rally Fizzles

Agri | Weather | Energy Transition, Mint Finance

Srinidhi Raghavendra

Agri | Weather | Energy Transition

<ul>
<li>The US oil and gas rig count remained unchanged at 589 for the week ending on 13/Dec, after rising by seven the previous week.</li>
<li>For the week ending 06/Dec, US oil production rose to a new high of 13.63m bpd from 13.50m bpd the week prior.</li>
<li>The number of active US oil rigs was steady at 482, while the US gas rig count rose by one to 103.</li>
</ul>


The US oil and gas rig count remained unchanged at 589 for the week ending on 13/Dec, after rising by seven the previous week.
For the week ending 06/Dec, US oil production rose to a new high of 13.63m bpd from 13.50m bpd the week prior.
The number of active US oil rigs was steady at 482, while the US gas rig count rose by one to 103.


US Rig Count Steady After Strong Surge Last Week

Mint Finance
Deep Fundamental Analysis

[ETP 2024/51] Fed’s Hawkish Tone Drags WTI Prices, Henry Hub Soars on Rising LNG Exports

US crude inventories fell, but gasoline stocks rose and natural gas inventories beat expectations. Major analysts lowered PTs on Exxon, SLB,...

Mint Finance

[US Nat Gas Options Weekly 2024/50] Henry Hub Gains as LNG Exports Offset Soft Winter Outlook

US natural gas prices rose due to increased LNG exports despite milder winter forecasts, with Henry Hub Put/Call volume ratio and OI PCR showing...

Mint Finance

[US Crude Oil Options Weekly 2024/50] WTI Gains on China Optimism and Sanction-Driven Concerns

WTI futures surged 6.1% on China policy easing and supply concerns from Russia and Iran sanctions. Put/Call volume ratio dropped as call volume...

Mint Finance

[IO Technicals Weekly 2024/50] Stimulus Rally Fizzles

SGX Iron Ore Futures rose but faced resistance due to weak Chinese economic data, indicating potential bearish trend ahead.

Mint Finance

US Rig Count Steady After Strong Surge Last Week

US oil and gas rig count holds steady as US oil production reaches new high. The number of active US oil rigs was steady at 482, while the US gas...

Mint Finance

[ETP 2024/51] Fed’s Hawkish Tone Drags WTI Prices, Henry Hub Soars on Rising LNG Exports

​US crude inventories fell, but gasoline stocks rose and natural gas inventories beat expectations. Major analysts lowered PTs on Exxon, SLB,...

Mint Finance

[US Nat Gas Options Weekly 2024/50] Henry Hub Gains as LNG Exports Offset Soft Winter Outlook

​US natural gas prices rose due to increased LNG exports despite milder winter forecasts, with Henry Hub Put/Call volume ratio and OI PCR showing...

Mint Finance

[US Crude Oil Options Weekly 2024/50] WTI Gains on China Optimism and Sanction-Driven Concerns

​WTI futures surged 6.1% on China policy easing and supply concerns from Russia and Iran sanctions. Put/Call volume ratio dropped as call volume...

Mint Finance

[IO Technicals Weekly 2024/​50] Stimulus Rally Fizzles

​SGX Iron Ore Futures rose but faced resistance due to weak Chinese economic data, indicating potential bearish trend ahead.

Mint Finance

US Rig Count Steady After Strong Surge Last Week

​US oil and gas rig count holds steady as US oil production reaches new high. The number of active US oil rigs was steady at 482, while the US gas...

Mint Finance

US crude inventories fell, but gasoline stocks rose and natural gas inventories beat expectations. Major analysts lowered PTs on Exxon, SLB,...

US natural gas prices rose due to increased LNG exports despite milder winter forecasts, with Henry Hub Put/Call volume ratio and OI PCR showing...

WTI futures surged 6.1% on China policy easing and supply concerns from Russia and Iran sanctions. Put/Call volume ratio dropped as call volume...

[IO Technicals Weekly 2024/50] Stimulus Rally Fizzles

SGX Iron Ore Futures rose but faced resistance due to weak Chinese economic data, indicating potential bearish trend ahead.

US oil and gas rig count holds steady as US oil production reaches new high. The number of active US oil rigs was steady at 482, while the US gas...