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>The US oil and gas rig count declined by three to 586 for the week ending 02/Aug, following two consecutive weeks of increases. </li>
<li>The US oil rig count held steady at 482, after rising by 5 last week. Gas rigs decreased by three to 98, marking a second consecutive weekly decline.  </li>
<li>In May, US crude oil production experienced its first monthly decline since January, while natural gas output dropped to its lowest level since February 2023. </li>
</ul>


The US oil and gas rig count declined by three to 586 for the week ending 02/Aug, following two consecutive weeks of increases. 
The US oil rig count held steady at 482, after rising by 5 last week. Gas rigs decreased by three to 98, marking a second consecutive weekly decline.  
In May, US crude oil production experienced its first monthly decline since January, while natural gas output dropped to its lowest level since February 2023. 


Drop in Gas Rigs Drives US Rig Count Downward

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.

Cross Asset Strategy

<ul>
<li>Markets are currently busy preparing for the upcoming cutting cycle from the Fed, expected to start in September.</li>
<li>The simple playbook is often used when markets face a “high probability event,” and markets are now acting as if they know what’s ahead.</li>
<li>A Fed cutting cycle is triggered by a recession; therefore, buy bonds, sell risk assets, and buy gold, etc.</li>
</ul>


Markets are currently busy preparing for the upcoming cutting cycle from the Fed, expected to start in September.
The simple playbook is often used when markets face a “high probability event,” and markets are now acting as if they know what’s ahead.
A Fed cutting cycle is triggered by a recession; therefore, buy bonds, sell risk assets, and buy gold, etc.


Asset Allocation Watch  – What to buy in the upcoming Fed cutting cycle?

<ul>
<li>US crude inventories fell for the fifth consecutive week by 3.4 mb, exceeding the 1.6 mb decline expected by analysts. Gasoline stocks also decreased by 3.7 mb.</li>
<li>As of the week ending 26/Jul, US natural gas inventories were up 8.4% YoY and 15.7% above the 5-year seasonal average.</li>
<li>European oil majors beat Q2 profit estimates. BP’s Q2 underlying net profit beat estimates by 7.7%. Shell’s Q2 EPS beat estimates by 5.1%. </li>
</ul>


US crude inventories fell for the fifth consecutive week by 3.4 mb, exceeding the 1.6 mb decline expected by analysts. Gasoline stocks also decreased by 3.7 mb.
As of the week ending 26/Jul, US natural gas inventories were up 8.4% YoY and 15.7% above the 5-year seasonal average.
European oil majors beat Q2 profit estimates. BP’s Q2 underlying net profit beat estimates by 7.7%. Shell’s Q2 EPS beat estimates by 5.1%. 


[ETP 31/2024] Oil Prices Surge on Middle East Tensions; BP and Shell Beat Earnings Expectations

<ul>
<li>China could be the disinflationistas big hope from here. The export price index is not yet picking up in China despite some signs of early increases.</li>
<li>The potential re-inflation story will likely be forewarned in the Chinese PPI again. There are some early signs of improvement in Shipping to be seen.</li>
<li>The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being increasingly attractive from a risk/reward perspective.</li>
</ul>


China could be the disinflationistas big hope from here. The export price index is not yet picking up in China despite some signs of early increases.
The potential re-inflation story will likely be forewarned in the Chinese PPI again. There are some early signs of improvement in Shipping to be seen.
The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being increasingly attractive from a risk/reward perspective.


Energy Cable: The demand outlook in China is dreadful to say the least …

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>Commodity Popcorn Markets During the week, I saw a tweet by the legendary commodities trader Peter Brandt.</li><li>The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry Williams Research.</li><li><p>Both look at markets very different and have a strong track record.</p><p></p></li></ul>

Commodity Popcorn Markets During the week, I saw a tweet by the legendary commodities trader Peter Brandt.The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry Williams Research.Both look at markets very different and have a strong track record.

Commodity Popcorn Markets // Coffee Bubble About To Burst?

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)

Drop in Gas Rigs Drives US Rig Count Downward

As of the week ending 02/Aug, the U.S. total rig count fell by 3 to 586, marking a decline for the first time in three weeks. Oil rigs remained...

Mint Finance

Asset Allocation Watch – What to buy in the upcoming Fed cutting cycle?

Markets are currently busy preparing for the upcoming cutting cycle from the Fed, expected to start in September. The simple playbook is often...

Steno Research

[ETP 31/2024] Oil Prices Surge on Middle East Tensions; BP and Shell Beat Earnings Expectations

US crude inventories and gasoline stocks continue to decline, while US natural gas inventories are up YoY. European oil majors surpass Q2 profit...

Mint Finance

Energy Cable: The demand outlook in China is dreadful to say the least …

The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being...

Steno Research

Commodity Popcorn Markets // Coffee Bubble About To Burst?

The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry...

The Commodity Report

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Drop in Gas Rigs Drives US Rig Count Downward

As of the week ending 02/Aug, the U.S. total rig count fell by 3 to 586, marking a decline for the first time in three weeks. Oil rigs remained...

Mint Finance

Asset Allocation Watch – What to buy in the upcoming Fed cutting cycle?

Markets are currently busy preparing for the upcoming cutting cycle from the Fed, expected to start in September. The simple playbook is often...

Steno Research

[ETP 31/2024] Oil Prices Surge on Middle East Tensions; BP and Shell Beat Earnings Expectations

​US crude inventories and gasoline stocks continue to decline, while US natural gas inventories are up YoY. European oil majors surpass Q2 profit...

Mint Finance

Energy Cable: The demand outlook in China is dreadful to say the least …

The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being...

Steno Research

Commodity Popcorn Markets // Coffee Bubble About To Burst?

The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry...

The Commodity Report

US crude inventories and gasoline stocks continue to decline, while US natural gas inventories are up YoY. European oil majors surpass Q2 profit...