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/Sept, US crude inventories increased by 0.8m barrels, lower than the 0.9m barrel forecast. Gasoline stockpiles rose unexpectedly, while distillate inventories grew more than anticipated.</li>
<li>US natural gas inventories rise 40 Bcf for the week ending 06/Sep, lower than analyst expectations of a 49 Bcf buildup. Inventories are 9.6% above the 5-year seasonal average.</li>
<li>BP, Occidental Petroleum, and Exxon Mobil see target price cuts. Schlumberger announces breakthrough in Lithium production.</li>
</ul>


For the week ending 06/Sept, US crude inventories increased by 0.8m barrels, lower than the 0.9m barrel forecast. Gasoline stockpiles rose unexpectedly, while distillate inventories grew more than anticipated.
US natural gas inventories rise 40 Bcf for the week ending 06/Sep, lower than analyst expectations of a 49 Bcf buildup. Inventories are 9.6% above the 5-year seasonal average.
BP, Occidental Petroleum, and Exxon Mobil see target price cuts. Schlumberger announces breakthrough in Lithium production.


[ETP 2024/37] Oil Prices Rebound but Weak Demand Limits Gains, Nat-Gas Rises on Output Cuts

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Hello everyone, and welcome back to our weekly positioning watch.</li><li>A lot is happening in markets ahead of what could be a significant turning point in sentiment, with the August CPI report landing in our inboxes at 14:30 CPH time.</li><li>The debate between Harris and Trump seems to have set the tone in markets leading up to the event, with the USD selling off as markets agree that Trump is likely the more bullish of the two on USD.</li></ul>

Hello everyone, and welcome back to our weekly positioning watch.A lot is happening in markets ahead of what could be a significant turning point in sentiment, with the August CPI report landing in our inboxes at 14:30 CPH time.The debate between Harris and Trump seems to have set the tone in markets leading up to the event, with the USD selling off as markets agree that Trump is likely the more bullish of the two on USD.

Positioning Watch: Markets Are Positioned for Softness (in Rates)

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

<ul><li>Brent crude fell to a 17-month low after the markets largely ignored OPEC+’s decision not to increase production.</li><li>This highlights once again the point we’ve been making: the current cycle of supply cuts is unsustainable, and as time goes on, it only becomes increasingly unsustainable.</li><li>The only viable option left for OPEC might be to engage in a market-share war, driving out producers with higher marginal costs by pushing prices down.</li></ul>

Brent crude fell to a 17-month low after the markets largely ignored OPEC+’s decision not to increase production.This highlights once again the point we’ve been making: the current cycle of supply cuts is unsustainable, and as time goes on, it only becomes increasingly unsustainable.The only viable option left for OPEC might be to engage in a market-share war, driving out producers with higher marginal costs by pushing prices down.

The Drill: The left tail in oil just got bigger

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

Cross Asset Strategy

<ul><li>Output hikes announced in fourth quarter</li><li>Various commodities including copper, natural gas, and grain oilseeds have experienced sharp declines</li><li>Oil prices influenced by economic indicators, strong underlying demand, and declining global visible oil inventories</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Output hikes announced in fourth quarterVarious commodities including copper, natural gas, and grain oilseeds have experienced sharp declinesOil prices influenced by economic indicators, strong underlying demand, and declining global visible oil inventoriesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: The art of keeping up with yesterday and avoiding tomorrow

<ul><li>Since July, US macroeconomic momentum has weakened substantially.</li><li>We are now back on a negative trajectory for cyclical growth, with signs of fading momentum in some service sectors, including leisure and hospitality.</li><li>In the spring, we observed a significant build-up of orders relative to inventories as manufacturers sought to bypass the latent pressure from trade tariffs by front-loading activity.</li></ul>

Since July, US macroeconomic momentum has weakened substantially.We are now back on a negative trajectory for cyclical growth, with signs of fading momentum in some service sectors, including leisure and hospitality.In the spring, we observed a significant build-up of orders relative to inventories as manufacturers sought to bypass the latent pressure from trade tariffs by front-loading activity.

EM Watch: China was WEAKENING even before the decline in Western demand

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 2024/37] Oil Prices Rebound but Weak Demand Limits Gains, Nat-Gas Rises on Output Cuts

Oil prices rise on Hurricane impact but weak demand caps gains. Nat-gas prices rise on warmer weather forecasts and production cuts. BP,...

Mint Finance

Positioning Watch: Markets Are Positioned for Softness (in Rates)

Hello everyone, and welcome back to our weekly positioning watch. A lot is happening in markets ahead of what could be a significant turning point...

Steno Research

The Drill: The left tail in oil just got bigger

Brent crude fell to a 17-month low after the markets largely ignored OPEC+’s decision not to increase production. This highlights once again the...

Steno Research

Global Commodities: The art of keeping up with yesterday and avoiding tomorrow

Oil prices are down but other commodities are also affected, US treasuries and dollar index are falling, while gold is at all time highs, with a...

At Any Rate

EM Watch: China was WEAKENING even before the decline in Western demand

Since July, US macroeconomic momentum has weakened substantially. We are now back on a negative trajectory for cyclical growth, with signs of...

Steno Research

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