Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Crude Oil, SGX Rubber Future TSR20 and more

In today’s briefing:

  • [ETP 2024/52] WTI Recovers on China’s Stimulus Plans, Henry Hub Falls on Volatile Weather Forecasts
  • Supply Shortage Boost Likely Short Lived; Caution Prevails Around 2025 Outlook


[ETP 2024/52] WTI Recovers on China’s Stimulus Plans, Henry Hub Falls on Volatile Weather Forecasts

By Suhas Reddy

  • For the week ending 20/Dec, U.S. crude inventories fell by 4.2m barrels, beating expectations of a 0.7m barrel decrease. Distillate stocks fell more than expected, while gasoline inventories unexpectedly rose.
  • U.S. natural gas inventories fell by 93 Bcf for the week ending 20/Dec, missing analyst expectations of a 98 Bcf drawdown. Inventories are 4.9% above the 5-year seasonal average.
  • Chevron signed a 20-year deal with Energy Transfer for 2 million tonnes of LNG annually. Stifel lowered Schlumberger’s 12-month price target while maintaining a Buy rating.

Supply Shortage Boost Likely Short Lived; Caution Prevails Around 2025 Outlook

By Arusha Das

  • Possibility of short peak can result in short-lived shortage  
  • Declining Chinese TSR inventory can lend demand support  
  • Uncertainty around policies weighs upon the market confidence

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars