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>US commercial crude oil inventory build-up slows while refined products’ withdrawal accelerates.</li>
<li>OPEC+ members announced the extension of their voluntary supply cut of 2.2 million barrels per day to end of June (from end of March as previously announced).</li>
<li>US refinery utilisation rates show signs of a speedy recovery, rises for the second consecutive week and jumps to 84.9%.</li>
</ul>


US commercial crude oil inventory build-up slows while refined products’ withdrawal accelerates.
OPEC+ members announced the extension of their voluntary supply cut of 2.2 million barrels per day to end of June (from end of March as previously announced).
US refinery utilisation rates show signs of a speedy recovery, rises for the second consecutive week and jumps to 84.9%.


Slow Crude Inventory Build Keeps Oil Prices Well Supported

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>CTA Positioning Update According to UBS’ biweekly CTA momentum study, CTAs bought oil and sold precious metals in size in February.</li><li>The investment bank expects ⅔ of those flows to reverse in the next two weeks.</li><li>CTA’s have meanwhile built a decent short position in agriculturals, and flows should remain negative there.</li></ul>

CTA Positioning Update According to UBS’ biweekly CTA momentum study, CTAs bought oil and sold precious metals in size in February.The investment bank expects ⅔ of those flows to reverse in the next two weeks.CTA’s have meanwhile built a decent short position in agriculturals, and flows should remain negative there.

Commodity Hedge Fund Positioning & Red Sea Update

<ul>
<li>US crude oil inventories buildup outpaces gasoline and distillate withdrawal for the week ending on 23/Feb.</li>
<li>Refinery utilisation rates rose by 0.9 percentage points on a weekly basis to 81.5%, for the first time in 2024.</li>
<li>Disparity between crude oil and refined petroleum inventories to remain in the near term as refinery utilisation rates are yet to recover completely after the maintenance season.</li>
</ul>


US crude oil inventories buildup outpaces gasoline and distillate withdrawal for the week ending on 23/Feb.
Refinery utilisation rates rose by 0.9 percentage points on a weekly basis to 81.5%, for the first time in 2024.
Disparity between crude oil and refined petroleum inventories to remain in the near term as refinery utilisation rates are yet to recover completely after the maintenance season.


Unexpected Surge in US Crude Oil Stockpile Highlights Inventory Discrepancies

<ul>
<li>US commercial crude inventory buildup slows down and comes below analyst estimates.</li>
<li>US oil rig count is anticipated to remain flat in 2024 and crude production is expected to slightly pick up due to better productivity.</li>
<li>Demand is expected to rise in the near term as US refineries may start increasing utilisation rates given forecasts of warmer weather.</li>
</ul>


US commercial crude inventory buildup slows down and comes below analyst estimates.
US oil rig count is anticipated to remain flat in 2024 and crude production is expected to slightly pick up due to better productivity.
Demand is expected to rise in the near term as US refineries may start increasing utilisation rates given forecasts of warmer weather.


Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels

<ul>
<li>OPEC bullish on global oil demand growth, while IEA remains negative as it lowers its forecast from the previous report.</li>
<li>US commercial crude inventories see stronger-than-expected buildup as refinery utilisation levels drop.</li>
<li>OPEC is optimistic about the world economic growth in 2024 and 2025, increasing growth forecasts compared to the previous report.</li>
</ul>


OPEC bullish on global oil demand growth, while IEA remains negative as it lowers its forecast from the previous report.
US commercial crude inventories see stronger-than-expected buildup as refinery utilisation levels drop.
OPEC is optimistic about the world economic growth in 2024 and 2025, increasing growth forecasts compared to the previous report.


Strong Buildup of US Crude Inventory Plays Spoilsport to a Solid Oil Rally

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)

Slow Crude Inventory Build Keeps Oil Prices Well Supported

US crude oil inventory build-up slows as refined products' withdrawal accelerates, OPEC+ extends supply cut, US refinery utilization rates on the...

Mint Finance

Commodity Hedge Fund Positioning & Red Sea Update

CTA Positioning Update According to UBS’ biweekly CTA momentum study, CTAs bought oil and sold precious metals in size in February.

The Commodity Report

Unexpected Surge in US Crude Oil Stockpile Highlights Inventory Discrepancies

US crude oil inventories are rising faster than gasoline and distillate withdrawals, with refinery utilization rates increasing for the first time...

Mint Finance

Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels

US crude inventory growth slows, oil rig count to stay flat in 2024, production to rise slightly, demand to increase with warmer weather forecast...

Mint Finance

Strong Buildup of US Crude Inventory Plays Spoilsport to a Solid Oil Rally

OPEC optimistic on oil demand growth, while IEA lowers forecast. US crude inventories rise as refinery utilization drops. OPEC predicts stronger...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Slow Crude Inventory Build Keeps Oil Prices Well Supported

​US crude oil inventory build-up slows as refined products' withdrawal accelerates, OPEC+ extends supply cut, US refinery utilization rates on the...

Mint Finance

Commodity Hedge Fund Positioning & Red Sea Update

CTA Positioning Update According to UBS’ biweekly CTA momentum study, CTAs bought oil and sold precious metals in size in February.

The Commodity Report

Unexpected Surge in US Crude Oil Stockpile Highlights Inventory Discrepancies

​US crude oil inventories are rising faster than gasoline and distillate withdrawals, with refinery utilization rates increasing for the first time...

Mint Finance

Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels

​US crude inventory growth slows, oil rig count to stay flat in 2024, production to rise slightly, demand to increase with warmer weather forecast...

Mint Finance

Strong Buildup of US Crude Inventory Plays Spoilsport to a Solid Oil Rally

​OPEC optimistic on oil demand growth, while IEA lowers forecast. US crude inventories rise as refinery utilization drops. OPEC predicts stronger...

Mint Finance

US crude oil inventory build-up slows as refined products' withdrawal accelerates, OPEC+ extends supply cut, US refinery utilization rates on the...

US crude oil inventories are rising faster than gasoline and distillate withdrawals, with refinery utilization rates increasing for the first time...

US crude inventory growth slows, oil rig count to stay flat in 2024, production to rise slightly, demand to increase with warmer weather forecast...

OPEC optimistic on oil demand growth, while IEA lowers forecast. US crude inventories rise as refinery utilization drops. OPEC predicts stronger...