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 fell by 1 to 584 for the week ending on 15/Nov, after remaining steady for three weeks in a row.</li>
<li>For the week ending 08/Nov, US oil production inched down to 13.4m bpd after remaining at 13.5m bpd for four consecutive weeks.</li>
<li>US energy producers added two rigs in New Mexico and one in Pennsylvania while cutting two rigs in Texas and one each in Oklahoma and Utah.</li>
</ul>


The US oil and gas rig count fell by 1 to 584 for the week ending on 15/Nov, after remaining steady for three weeks in a row.
For the week ending 08/Nov, US oil production inched down to 13.4m bpd after remaining at 13.5m bpd for four consecutive weeks.
US energy producers added two rigs in New Mexico and one in Pennsylvania while cutting two rigs in Texas and one each in Oklahoma and Utah.


US Rig Count Falls After Remaining Steady for Three Consecutive Weeks

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>Latest CTA-Flow Forecast CTA positioning and UBS' flow model indicate slightly bullish momentum for some agriculture commodities as well as energy and on the flip side bearish momentum for precious metals and industrial metals.</li><li>Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our market setups.</li><li>“In currencies, the US dollar gained renewed momentum from Trump’s win, with the 1.7% rise in the DXY index on 6 November the largest one-day advance in two years.</li></ul>

Latest CTA-Flow Forecast CTA positioning and UBS' flow model indicate slightly bullish momentum for some agriculture commodities as well as energy and on the flip side bearish momentum for precious metals and industrial metals.Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our market setups.“In currencies, the US dollar gained renewed momentum from Trump’s win, with the 1.7% rise in the DXY index on 6 November the largest one-day advance in two years.

Hershey’s Warns About Cocoa Inflation // Latest CTA-Flow Forecast

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.

<ul><li>European natural gas market facing uncertainty due to potential end of Russian gas flows through Ukraine</li><li>North American LNG supply delays causing imbalance in global market</li><li>Price relationship between summer 2025 and winter 2526 dependent on weather, supply sources, and storage refill mandates</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>

European natural gas market facing uncertainty due to potential end of Russian gas flows through UkraineNorth American LNG supply delays causing imbalance in global marketPrice relationship between summer 2025 and winter 2526 dependent on weather, supply sources, and storage refill mandatesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: European Natural Gas: Weather and supply-side risks tighten their grip on price

<ul>
<li>For the week ending 08/Nov, US crude inventories rose by 2.1m barrels, surpassing expectations of a 0.4m barrel increase. Meanwhile, gasoline and distillate stocks unexpectedly declined.</li>
<li>US natural gas inventories rose 42 Bcf for the week ending 08/Nov, exceeding analyst expectations of a 34 Bcf buildup. Inventories are 6.1% above the 5-year seasonal average.</li>
<li>Occidental beat revenue and EPS estimates by 0.7% and 34.8%, respectively led by higher hydrocarbon output. Analysts upgraded their 12-month PTs on Occidental, Chevron, Exxon, and Halliburton.</li>
</ul>


For the week ending 08/Nov, US crude inventories rose by 2.1m barrels, surpassing expectations of a 0.4m barrel increase. Meanwhile, gasoline and distillate stocks unexpectedly declined.
US natural gas inventories rose 42 Bcf for the week ending 08/Nov, exceeding analyst expectations of a 34 Bcf buildup. Inventories are 6.1% above the 5-year seasonal average.
Occidental beat revenue and EPS estimates by 0.7% and 34.8%, respectively led by higher hydrocarbon output. Analysts upgraded their 12-month PTs on Occidental, Chevron, Exxon, and Halliburton.


[ETP 2024/46] WTI Drops on Strong Dollar, Henry Hub Gains on Lower Output and Better Demand Outlook

<ul>
<li>US natural gas prices rose 0.2% for the week ending 08/Nov, buoyed by lower output and cooler weather but offset by storage builds and minimal impact from Hurricane Raphael.</li>
<li>Henry Hub Put/Call volume ratio sharply fell to 0.65 from 1.39 (01/Nov) the previous week as put volumes fell by 56.5% WoW, while call volumes fell by 7.2%. </li>
<li>Call OI increased for December, January, February, and March expirations, while put OI was substantial for April, May, and June contracts.</li>
</ul>


US natural gas prices rose 0.2% for the week ending 08/Nov, buoyed by lower output and cooler weather but offset by storage builds and minimal impact from Hurricane Raphael.
Henry Hub Put/Call volume ratio sharply fell to 0.65 from 1.39 (01/Nov) the previous week as put volumes fell by 56.5% WoW, while call volumes fell by 7.2%. 
Call OI increased for December, January, February, and March expirations, while put OI was substantial for April, May, and June contracts.


[US Nat Gas Options Weekly 2024/45] Henry Hub Closed Flat as Storage Builds Counter Output Decline

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.

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Natural Gas (NATURAL GAS COMDTY)

US Rig Count Falls After Remaining Steady for Three Consecutive Weeks

US oil and gas rig count drops slightly after remaining flat for straight weeks, US oil production slightly decreased but remains high.

Mint Finance

Hershey’s Warns About Cocoa Inflation // Latest CTA-Flow Forecast

Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our...

The Commodity Report

Global Commodities: European Natural Gas: Weather and supply-side risks tighten their grip on price

The natural gas market is facing unique challenges, including contango pricing, weather patterns, uncertainty over Russian gas flows, and delays in...

At Any Rate

[ETP 2024/46] WTI Drops on Strong Dollar, Henry Hub Gains on Lower Output and Better Demand Outlook

US crude inventories rose more than expected, while gasoline and distillate stocks fell; nat-gas stocks also exceeded analyst expectations....

Mint Finance

[US Nat Gas Options Weekly 2024/45] Henry Hub Closed Flat as Storage Builds Counter Output Decline

Henry Hub rose 0.2% for the week ending 08/Nov as upward push from lower output and cooler weather forecasts was offset by storage builds. Volume...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

US Rig Count Falls After Remaining Steady for Three Consecutive Weeks

​US oil and gas rig count drops slightly after remaining flat for straight weeks, US oil production slightly decreased but remains high.

Mint Finance

Hershey’s Warns About Cocoa Inflation // Latest CTA-Flow Forecast

Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our...

The Commodity Report

Global Commodities: European Natural Gas: Weather and supply-side risks tighten their grip on price

The natural gas market is facing unique challenges, including contango pricing, weather patterns, uncertainty over Russian gas flows, and delays in...

At Any Rate

[ETP 2024/46] WTI Drops on Strong Dollar, Henry Hub Gains on Lower Output and Better Demand Outlook

​US crude inventories rose more than expected, while gasoline and distillate stocks fell; nat-gas stocks also exceeded analyst expectations....

Mint Finance

[US Nat Gas Options Weekly 2024/45] Henry Hub Closed Flat as Storage Builds Counter Output Decline

Henry Hub rose 0.2% for the week ending 08/Nov as upward push from lower output and cooler weather forecasts was offset by storage builds. Volume...

Mint Finance

US oil and gas rig count drops slightly after remaining flat for straight weeks, US oil production slightly decreased but remains high.

US crude inventories rose more than expected, while gasoline and distillate stocks fell; nat-gas stocks also exceeded analyst expectations....