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 U.S. oil and gas rig count dropped for the third consecutive week, falling by 4 to 576 for the week ending 24/Jan.</li>
<li>For the week ending 17/Jan, U.S. oil production moderately fell to 13.477m bpd from 13.481m bpd the week prior.</li>
<li>The number of active U.S. oil rigs fell by 6 to 472, while gas rigs grew by 1 to 99. U.S. producers cut four rigs in Texas.</li>
</ul>


The U.S. oil and gas rig count dropped for the third consecutive week, falling by 4 to 576 for the week ending 24/Jan.
For the week ending 17/Jan, U.S. oil production moderately fell to 13.477m bpd from 13.481m bpd the week prior.
The number of active U.S. oil rigs fell by 6 to 472, while gas rigs grew by 1 to 99. U.S. producers cut four rigs in Texas.


U.S. Rig Count Falls for Third Straight Week Amid Sharp Oil Rig Count Decline

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>Soybean-Meal Oversupply Crisis Incoming? When you crush soybeans, you get one part of soy oil and another part of soy meal.</li><li>Per soybean crushed, you get something like an 80/20 meal to oil share.</li><li>While the soy oil part is currently in high demand due to a higher bioethanol requirement (Brazil increased the share from 14% to15% as of 2025), there isn’t an additional demand driver for soy meal.</li></ul>

Soybean-Meal Oversupply Crisis Incoming? When you crush soybeans, you get one part of soy oil and another part of soy meal.Per soybean crushed, you get something like an 80/20 meal to oil share.While the soy oil part is currently in high demand due to a higher bioethanol requirement (Brazil increased the share from 14% to15% as of 2025), there isn’t an additional demand driver for soy meal.

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

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.

<ul><li>Trump has signaled his intention to stop oil imports from Venezuela.</li><li>While these imports are relatively insignificant to the U.S., they are hugely significant to Venezuela.</li><li>Growing demand in China might help offset the impact, but if not, Venezuela could be facing more years of political turbulence.</li></ul>

Trump has signaled his intention to stop oil imports from Venezuela.While these imports are relatively insignificant to the U.S., they are hugely significant to Venezuela.Growing demand in China might help offset the impact, but if not, Venezuela could be facing more years of political turbulence.

<ul>
<li>The U.S. oil and gas rig count dropped for the second consecutive week, as it fell by 4 to 580 for the week ending 17/Jan.</li>
<li>For the week ending 10/Jan, U.S. oil production moderately fell to 13.48 m bpd from 13.56m bpd the week prior.</li>
<li>The number of active U.S. oil rigs fell by 2 to 480 and gas rigs dropped by 2 to 98, U.S. producers cut four rigs in North Dakota.</li>
</ul>


The U.S. oil and gas rig count dropped for the second consecutive week, as it fell by 4 to 580 for the week ending 17/Jan.
For the week ending 10/Jan, U.S. oil production moderately fell to 13.48 m bpd from 13.56m bpd the week prior.
The number of active U.S. oil rigs fell by 2 to 480 and gas rigs dropped by 2 to 98, U.S. producers cut four rigs in North Dakota.


U.S. Rig Count Drops to Lowest Since December 2021

<ul>
<li>For the week ending 10/Jan, US crude inventories fell by 2m barrels, missing expectations of a 3.5m barrel decrease. Gasoline and distillate stockpiles rose more than expected.</li>
<li>US natural gas inventories fell by 258 Bcf for the week ending 10/Jan, slightly missing analyst expectations of a 260 Bcf drawdown. Inventories are 2.5% above the 5-year seasonal average.</li>
<li>BP forecasts tepid Q4 earnings on low refining margins and upstream output, while TotalEnergies expects higher production and gas prices to offset lower oil prices.</li>
</ul>


For the week ending 10/Jan, US crude inventories fell by 2m barrels, missing expectations of a 3.5m barrel decrease. Gasoline and distillate stockpiles rose more than expected.
US natural gas inventories fell by 258 Bcf for the week ending 10/Jan, slightly missing analyst expectations of a 260 Bcf drawdown. Inventories are 2.5% above the 5-year seasonal average.
BP forecasts tepid Q4 earnings on low refining margins and upstream output, while TotalEnergies expects higher production and gas prices to offset lower oil prices.


[ETP 2025/03] WTI Rises on Falling Stockpiles, Henry Hub Fluctuates on Volatile Weather Forecasts

United States

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Natural Gas (NATURAL GAS COMDTY)

U.S. Rig Count Falls for Third Straight Week Amid Sharp Oil Rig Count Decline

The U.S. oil and gas rig count continues to decline, with oil production also dropping slightly. U.S. producers cut four rigs in Texas and one in...

Mint Finance

Soybean-Meal Oversupply Crisis Incoming?

Soybean-Meal Oversupply Crisis Incoming? When you crush soybeans, you get one part of soy oil and another part of soy meal. Per soybean crushed,...

The Commodity Report

The Drill: Strap in for Trump

Trump has signaled his intention to stop oil imports from Venezuela. While these imports are relatively insignificant to the U.S., they are hugely...

Steno Research

U.S. Rig Count Drops to Lowest Since December 2021

US oil and gas rig count falls for second straight week and touches lows last seen in December 2021. Oil and gas rigs drop by two each. US crude...

Mint Finance

[ETP 2025/03] WTI Rises on Falling Stockpiles, Henry Hub Fluctuates on Volatile Weather Forecasts

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose. Nat-gas inventories fall for ninth week straight. BP...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

U.S. Rig Count Falls for Third Straight Week Amid Sharp Oil Rig Count Decline

​The U.S. oil and gas rig count continues to decline, with oil production also dropping slightly. U.S. producers cut four rigs in Texas and one in...

Mint Finance

Soybean-Meal Oversupply Crisis Incoming?

Soybean-Meal Oversupply Crisis Incoming? When you crush soybeans, you get one part of soy oil and another part of soy meal. Per soybean crushed,...

The Commodity Report

The Drill: Strap in for Trump

Trump has signaled his intention to stop oil imports from Venezuela. While these imports are relatively insignificant to the U.S., they are hugely...

Steno Research

U.S. Rig Count Drops to Lowest Since December 2021

​US oil and gas rig count falls for second straight week and touches lows last seen in December 2021. Oil and gas rigs drop by two each. US crude...

Mint Finance

[ETP 2025/03] WTI Rises on Falling Stockpiles, Henry Hub Fluctuates on Volatile Weather Forecasts

​US crude inventories fell less than expected, while gasoline and distillate stockpiles rose. Nat-gas inventories fall for ninth week straight. BP...

Mint Finance

The U.S. oil and gas rig count continues to decline, with oil production also dropping slightly. U.S. producers cut four rigs in Texas and one in...

US oil and gas rig count falls for second straight week and touches lows last seen in December 2021. Oil and gas rigs drop by two each. US crude...

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose. Nat-gas inventories fall for ninth week straight. BP...