Data-Driven Commodity Research, The Commodity Report

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<ul><li>Trump Wins - Do Farmers Lose? Trump won another presidency.</li><li>In a landslide win, the Republicans secured even both houses - the White House and the Senate.</li><li>I won’t go in details about what that result means for my beloved Americans and whether it’s good or bad.</li></ul>

Trump Wins - Do Farmers Lose? Trump won another presidency.In a landslide win, the Republicans secured even both houses - the White House and the Senate.I won’t go in details about what that result means for my beloved Americans and whether it’s good or bad.

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.

<ul>
<li>The US oil and gas rig count remained unchanged for the third week in a row, remaining at 585 for the week ending on 08/Nov.</li>
<li>For the week ending 01/Nov, US oil production remained at a record output of 13.5 million bpd for the fourth consecutive week.</li>
<li>For the week ending 08/Nov, US energy producers added two rigs in Oklahoma and one each in Pennsylvania and Wyoming, while cutting three rigs in Louisiana and one in Colorado.</li>
</ul>


The US oil and gas rig count remained unchanged for the third week in a row, remaining at 585 for the week ending on 08/Nov.
For the week ending 01/Nov, US oil production remained at a record output of 13.5 million bpd for the fourth consecutive week.
For the week ending 08/Nov, US energy producers added two rigs in Oklahoma and one each in Pennsylvania and Wyoming, while cutting three rigs in Louisiana and one in Colorado.


US Rig Count Unchanged for Third Week in a Row as Oil and Gas Rigs Remain Steady

<ul>
<li>For the week ending 01/Nov, US crude inventories rose by 2.1m barrels, contrary to expectations of a 0.3m barrel decrease. Gasoline and distillate stocks also bucked forecasts of a decline.</li>
<li>US natural gas inventories rose 69 Bcf for the week ending 01/Nov, higher than analyst expectations of a 67 Bcf buildup. Inventories are 5.8% above the 5-year seasonal average.</li>
<li>Halliburton missed revenue and EPS estimates by 2.2% and 2.7%. While Aramco beat revenue and EPS estimates by 11.2% and 2.2%. Numerous analysts upgraded their 12-month PT for Chevron.</li>
</ul>


For the week ending 01/Nov, US crude inventories rose by 2.1m barrels, contrary to expectations of a 0.3m barrel decrease. Gasoline and distillate stocks also bucked forecasts of a decline.
US natural gas inventories rose 69 Bcf for the week ending 01/Nov, higher than analyst expectations of a 67 Bcf buildup. Inventories are 5.8% above the 5-year seasonal average.
Halliburton missed revenue and EPS estimates by 2.2% and 2.7%. While Aramco beat revenue and EPS estimates by 11.2% and 2.2%. Numerous analysts upgraded their 12-month PT for Chevron.


[ETP 2024/45] WTI Drops on Trump’s Win and Rising Inventories, Henry Hub Gains on Supply Disruptions

<ul>
<li>US natural gas prices rose 4% for the week ending 01/Nov, led by the transition to the higher-priced December contract. Nonetheless, the contract fell 6.9% between 29/Oct and 01/Nov.</li>
<li>Henry Hub Put/Call volume ratio rose to 1.39 (01/Nov) from 1.08 (25/Oct) the previous week as call volumes fell by 17.7% WoW, while put volumes grew by 6.5%. </li>
<li>Call OI increased for December, January, February, and March expirations, while call volume rose for December, January, February, April, and May.</li>
</ul>


US natural gas prices rose 4% for the week ending 01/Nov, led by the transition to the higher-priced December contract. Nonetheless, the contract fell 6.9% between 29/Oct and 01/Nov.
Henry Hub Put/Call volume ratio rose to 1.39 (01/Nov) from 1.08 (25/Oct) the previous week as call volumes fell by 17.7% WoW, while put volumes grew by 6.5%. 
Call OI increased for December, January, February, and March expirations, while call volume rose for December, January, February, April, and May.


[US Nat Gas Options Weekly 2024/44] Henry Hub Slides Further on Unfavourable Weather Forecasts

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>Discussion on gold rates above 1700 and potential drivers</li><li>Analysis of US energy and mineral policies under different administrations</li><li>Impact of US-China trade relations on base metals and agricultural markets, including potential tariff escalations and trade disruptions.</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>

Discussion on gold rates above 1700 and potential driversAnalysis of US energy and mineral policies under different administrationsImpact of US-China trade relations on base metals and agricultural markets, including potential tariff escalations and trade disruptions.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: 2024 US Election Watch—Cutting Through the Noise

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)

Trump Wins - Do Farmers Lose?

Trump Wins - Do Farmers Lose? Trump won another presidency. In a landslide win, the Republicans secured even both houses - the White House and the...

The Commodity Report

US Rig Count Unchanged for Third Week in a Row as Oil and Gas Rigs Remain Steady

US oil and gas rig count steady at 585, US oil production at record high of 13.5 million bpd for fourth week. Slight changes in rig activity...

Mint Finance

[ETP 2024/45] WTI Drops on Trump’s Win and Rising Inventories, Henry Hub Gains on Supply Disruptions

US crude and natural gas inventories rose above expectations, while Halliburton missed estimates and Aramco exceeded them. Analysts upgrade target...

Mint Finance

[US Nat Gas Options Weekly 2024/44] Henry Hub Slides Further on Unfavourable Weather Forecasts

Henry Hub rose 4% for the week ending 01/Nov due to the transition to the higher-priced December contract. However, this contract fell 6.9% by the...

Mint Finance

Global Commodities: 2024 US Election Watch—Cutting Through the Noise

The episode covers discussions on gold rates, Trump and Harris administrations' approaches to energy commodities, China's impact on electric...

At Any Rate

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Trump Wins - Do Farmers Lose?

Trump Wins - Do Farmers Lose? Trump won another presidency. In a landslide win, the Republicans secured even both houses - the White House and the...

The Commodity Report

US Rig Count Unchanged for Third Week in a Row as Oil and Gas Rigs Remain Steady

​US oil and gas rig count steady at 585, US oil production at record high of 13.5 million bpd for fourth week. Slight changes in rig activity...

Mint Finance

[ETP 2024/45] WTI Drops on Trump’s Win and Rising Inventories, Henry Hub Gains on Supply Disruptions

​US crude and natural gas inventories rose above expectations, while Halliburton missed estimates and Aramco exceeded them. Analysts upgrade target...

Mint Finance

[US Nat Gas Options Weekly 2024/44] Henry Hub Slides Further on Unfavourable Weather Forecasts

Henry Hub rose 4% for the week ending 01/Nov due to the transition to the higher-priced December contract. However, this contract fell 6.9% by the...

Mint Finance

Global Commodities: 2024 US Election Watch—Cutting Through the Noise

The episode covers discussions on gold rates, Trump and Harris administrations' approaches to energy commodities, China's impact on electric...

At Any Rate

US oil and gas rig count steady at 585, US oil production at record high of 13.5 million bpd for fourth week. Slight changes in rig activity...

US crude and natural gas inventories rose above expectations, while Halliburton missed estimates and Aramco exceeded them. Analysts upgrade target...