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.

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Commodities

<ul>
<li>WTI futures increased 3.4% for the week ending 20/Sep, driven by the Fed's rate cut, supply disruptions in Libya, and falling US crude stockpiles, which alleviated demand concerns.</li>
<li>WTI options Put/Call volume ratio fell to 0.83 (20/Sep) from 1.30 (13/Sep) as put volume fell by 45.8% WoW while call volume fell by 14.6%.</li>
<li>WTI OI PCR grew to 0.77 for the week ending 20/Sep from 0.76 on 13/Sep. Call OI fell 16.7% WoW and put OI declined by 16.1%.</li>
</ul>


WTI futures increased 3.4% for the week ending 20/Sep, driven by the Fed's rate cut, supply disruptions in Libya, and falling US crude stockpiles, which alleviated demand concerns.
WTI options Put/Call volume ratio fell to 0.83 (20/Sep) from 1.30 (13/Sep) as put volume fell by 45.8% WoW while call volume fell by 14.6%.
WTI OI PCR grew to 0.77 for the week ending 20/Sep from 0.76 on 13/Sep. Call OI fell 16.7% WoW and put OI declined by 16.1%.


[US Crude Oil Options Weekly 2024/38] WTI Crude Rallies on Fed Rate Cut and Stronger Demand Outlook

<ul>
<li>US oil and gas rig count fell by two to 588 for the week ending 20/Sep, the fifth decline in six weeks, after rising by eight last week.</li>
<li>The US oil rig count stayed flat at 488 after rising by five last week. Gas rigs fell by one to 96, marking its fourth decrease in five weeks.</li>
<li>For the week ending 20/Sep, US energy producers added two rigs in Texas. Conversely, they cut one rig each in Colorado, Louisiana, New Mexico, and Utah.   </li>
</ul>


US oil and gas rig count fell by two to 588 for the week ending 20/Sep, the fifth decline in six weeks, after rising by eight last week.
The US oil rig count stayed flat at 488 after rising by five last week. Gas rigs fell by one to 96, marking its fourth decrease in five weeks.
For the week ending 20/Sep, US energy producers added two rigs in Texas. Conversely, they cut one rig each in Colorado, Louisiana, New Mexico, and Utah.   


US Rig Count Resumes Decline After Last Week’s Strong Rebound

<ul>
<li>For the week ending 13/Sep, US crude inventories dropped by 1.6m barrels, surpassing the expected 0.2m barrel decline. Gasoline stockpiles grew less than forecasted, while distillate inventories rose more.</li>
<li>US natural gas inventories rise 58 Bcf for the week ending 13/Sep, more than analyst expectations of a 53 Bcf buildup. Inventories are 8.6% above the 5-year seasonal average.</li>
<li>Chevron, Occidental Petroleum, and Exxon Mobil see target price cuts. DBS Bank initiated a Buy rating on Schlumberger and Halliburton.</li>
</ul>


For the week ending 13/Sep, US crude inventories dropped by 1.6m barrels, surpassing the expected 0.2m barrel decline. Gasoline stockpiles grew less than forecasted, while distillate inventories rose more.
US natural gas inventories rise 58 Bcf for the week ending 13/Sep, more than analyst expectations of a 53 Bcf buildup. Inventories are 8.6% above the 5-year seasonal average.
Chevron, Occidental Petroleum, and Exxon Mobil see target price cuts. DBS Bank initiated a Buy rating on Schlumberger and Halliburton.


[ETP 2024/38] Oil Rises on Fed Rate Cut and Geopolitics; Nat-Gas Gains on Warmer Forecasts

<ul>
<li>WTI futures gained 1.45% for the week ending 13/Sep, as Hurricane Francine offset demand concerns. The smaller-than-expected build in US crude inventories aided in the rebound.</li>
<li>WTI options Put/Call volume ratio increased to 1.30 (13/Sep) from 1.17 the week prior as call volume fell 36.6% WoW while put volume fell by 29.9%.</li>
<li>WTI OI PCR dipped to 0.76 for the week ending 13/Sep from 0.78 on 06/Sep. Call OI rose 7.6% WoW and put OI picked up by 4.7%.</li>
</ul>


WTI futures gained 1.45% for the week ending 13/Sep, as Hurricane Francine offset demand concerns. The smaller-than-expected build in US crude inventories aided in the rebound.
WTI options Put/Call volume ratio increased to 1.30 (13/Sep) from 1.17 the week prior as call volume fell 36.6% WoW while put volume fell by 29.9%.
WTI OI PCR dipped to 0.76 for the week ending 13/Sep from 0.78 on 06/Sep. Call OI rose 7.6% WoW and put OI picked up by 4.7%.


[US Crude Oil Options Weekly 2024/37] WTI Crude Rises as Hurricane Impact Offsets Demand Concerns

<ul>
<li>US oil and gas rig count rose by eight to 590 for the week ending 13/Sep, the first increase in five weeks and the largest weekly gain in a year.</li>
<li>US oil rig count increased by five to 488 after staying flat for three straight weeks. Gas rigs rose by three to 97, marking its first increase in four weeks.</li>
<li>For the week ending 13/Sep, US energy producers added three rigs each in Louisiana, Oklahoma, and Wyoming. Conversely, they cut two rigs each in California and Pennsylvania.</li>
</ul>


US oil and gas rig count rose by eight to 590 for the week ending 13/Sep, the first increase in five weeks and the largest weekly gain in a year.
US oil rig count increased by five to 488 after staying flat for three straight weeks. Gas rigs rose by three to 97, marking its first increase in four weeks.
For the week ending 13/Sep, US energy producers added three rigs each in Louisiana, Oklahoma, and Wyoming. Conversely, they cut two rigs each in California and Pennsylvania.


US Rig Count Rises for First Time in Five Weeks as Oil and Gas Rigs Increase

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)

[US Crude Oil Options Weekly 2024/38] WTI Crude Rallies on Fed Rate Cut and Stronger Demand Outlook

WTI prices rebounded last week on the back of a massive Fed rate cut and expectations of demand growth in the US. The Put/Call volume ratio fell to...

Mint Finance

US Rig Count Resumes Decline After Last Week’s Strong Rebound

For the week ending 20/Sep, the US rig count fell by 2 to 588, its fifth decline in six weeks. The oil rig count stayed flat, while the gas rig...

Mint Finance

[ETP 2024/38] Oil Rises on Fed Rate Cut and Geopolitics; Nat-Gas Gains on Warmer Forecasts

Oil prices are rising as demand prospects improve. Natural gas prices recovered due to warmer weather forecasts. TotalEnergies received a target...

Mint Finance

[US Crude Oil Options Weekly 2024/37] WTI Crude Rises as Hurricane Impact Offsets Demand Concerns

WTI prices recovered last week despite the ongoing demand concerns as Hurricane Francine supported prices. The Put/Call volume ratio increased to...

Mint Finance

US Rig Count Rises for First Time in Five Weeks as Oil and Gas Rigs Increase

For the week ending 13/Sep, US rig count rose by 8 to 590, its largest weekly rise in a year. Oil rig count increased by 5 and the gas rig count...

Mint Finance

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