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 11/Apr, U.S. crude inventories rose by 0.5m barrels (vs. expectations of a 0.4m barrel rise). Gasoline and distillate stockpiles fell more than expected.</li>
<li>Henry Hub headed for a fourth straight daily loss, with analysts expecting a 24 Bcf build in U.S. natural gas storage for the week ending 11/Apr.</li>
<li>Analysts cut price targets for Exxon, Chevron, Occidental, Schlumberger, and Halliburton, while TotalEnergies expects Q1 hydrocarbon production at the high end of its guidance range.</li>
</ul>


For the week ending 11/Apr, U.S. crude inventories rose by 0.5m barrels (vs. expectations of a 0.4m barrel rise). Gasoline and distillate stockpiles fell more than expected.
Henry Hub headed for a fourth straight daily loss, with analysts expecting a 24 Bcf build in U.S. natural gas storage for the week ending 11/Apr.
Analysts cut price targets for Exxon, Chevron, Occidental, Schlumberger, and Halliburton, while TotalEnergies expects Q1 hydrocarbon production at the high end of its guidance range.


[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

<ul>
<li>WTI futures fell 0.8% for the week ending 11/Apr, driven primarily by uncertainty around tariffs and escalating trade tensions between the U.S. and China.</li>
<li>The U.S. rig count fell by seven to 583. The oil rig count dropped by nine to 480, while gas rigs grew by one to 97.</li>
<li>WTI OI PCR fell to 0.80 on 11/Apr compared to 0.88 on 04/Apr. Call OI increased by 19.3% WoW, while put OI grew by 9.1%.</li>
</ul>


WTI futures fell 0.8% for the week ending 11/Apr, driven primarily by uncertainty around tariffs and escalating trade tensions between the U.S. and China.
The U.S. rig count fell by seven to 583. The oil rig count dropped by nine to 480, while gas rigs grew by one to 97.
WTI OI PCR fell to 0.80 on 11/Apr compared to 0.88 on 04/Apr. Call OI increased by 19.3% WoW, while put OI grew by 9.1%.


[US Crude Oil Options Weekly 2025/15] WTI Pauses Slide on Tariff Delay

<ul>
<li>For the week ending 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.</li>
<li>US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.</li>
<li>Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.</li>
</ul>


For the week ending 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.
US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.
Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.


[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

<ul>
<li>WTI futures fell 10.6% for the week ending 04/Apr, driven primarily by President Trump’s tariff announcement, which was broader and more severe than markets had anticipated.</li>
<li>The U.S. rig count fell by two to 590. The oil rig count grew by five to 489, while gas rigs dropped by seven to 96.</li>
<li>WTI OI PCR fell to 0.88 on 04/Apr compared to 0.91 on 28/Mar. Call OI increased by 10.8% WoW, while put OI grew by 7.2%.</li>
</ul>


WTI futures fell 10.6% for the week ending 04/Apr, driven primarily by President Trump’s tariff announcement, which was broader and more severe than markets had anticipated.
The U.S. rig count fell by two to 590. The oil rig count grew by five to 489, while gas rigs dropped by seven to 96.
WTI OI PCR fell to 0.88 on 04/Apr compared to 0.91 on 28/Mar. Call OI increased by 10.8% WoW, while put OI grew by 7.2%.


[US Crude Oil Options Weekly 2025/14] WTI Dropped to Four-Year Low on Trump’s Tariffs

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>*YTD our absolute return strategy is up 7,5% Commodities Crash after Trump’s Tariff Nightmare In his mission to re-shore critical industries, raise revenue for the U.S. and narrow the deficit, Trump rolled out aggressive tariffs on virtually all countries (except Russia, Cuba and North Korea).</li><li>The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each tariff rates seems insane.</li><li>“We will charge them approximately half of what they are and have been charging us,” Trump said of the reciprocal tariffs.</li></ul>

*YTD our absolute return strategy is up 7,5% Commodities Crash after Trump’s Tariff Nightmare In his mission to re-shore critical industries, raise revenue for the U.S. and narrow the deficit, Trump rolled out aggressive tariffs on virtually all countries (except Russia, Cuba and North Korea).The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each tariff rates seems insane.“We will charge them approximately half of what they are and have been charging us,” Trump said of the reciprocal tariffs.

Commodities Crash after Trump’s Tariff Nightmare

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)

[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

Mint Finance

[US Crude Oil Options Weekly 2025/15] WTI Pauses Slide on Tariff Delay

WTI futures dropped 0.8% due to trade tensions, US rig count fell by 7 while oil rig count dropped by 9. WTI OI PCR decreased to 0.80 on 11/Apr...

Mint Finance

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

[US Crude Oil Options Weekly 2025/14] WTI Dropped to Four-Year Low on Trump’s Tariffs

Oil prices plummeted due to Trump's tariff announcement, leading to a drop in the U.S. rig count and a decrease in WTI OI PCR.

Mint Finance

Commodities Crash after Trump’s Tariff Nightmare

The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each...

The Commodity Report

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

​US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

Mint Finance

[US Crude Oil Options Weekly 2025/15] WTI Pauses Slide on Tariff Delay

​WTI futures dropped 0.8% due to trade tensions, US rig count fell by 7 while oil rig count dropped by 9. WTI OI PCR decreased to 0.80 on 11/Apr...

Mint Finance

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

​US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

[US Crude Oil Options Weekly 2025/14] WTI Dropped to Four-Year Low on Trump’s Tariffs

​Oil prices plummeted due to Trump's tariff announcement, leading to a drop in the U.S. rig count and a decrease in WTI OI PCR.

Mint Finance

Commodities Crash after Trump’s Tariff Nightmare

The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each...

The Commodity Report

US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

WTI futures dropped 0.8% due to trade tensions, US rig count fell by 7 while oil rig count dropped by 9. WTI OI PCR decreased to 0.80 on 11/Apr...

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Oil prices plummeted due to Trump's tariff announcement, leading to a drop in the U.S. rig count and a decrease in WTI OI PCR.