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>Crude oil prices crater as OPEC meeting outcome fails to support oil prices. Despite OPEC+ extending larger cuts until end-2025, prices fell on fears of excess supply.</li>
<li>Henry Hub Gas prices rose sharply last week driven by expectations of a hotter-than-expected summer in the US &amp; Outages in Norway.</li>
<li>Energy majors fell sharply on 3/June and ended the week in the red. BP and Exxon Mobile were downgraded. Berkshire ramped up holdings in Occidental.</li>
</ul>


Crude oil prices crater as OPEC meeting outcome fails to support oil prices. Despite OPEC+ extending larger cuts until end-2025, prices fell on fears of excess supply.
Henry Hub Gas prices rose sharply last week driven by expectations of a hotter-than-expected summer in the US &amp; Outages in Norway.
Energy majors fell sharply on 3/June and ended the week in the red. BP and Exxon Mobile were downgraded. Berkshire ramped up holdings in Occidental.


[ETP 23/2024] Jittery Crude And Fiery Natural Gas Markets Defined Energy Markets Last Week

<ul>
<li>The European gas market panics despite 70% storage levels after Norwegian outage.</li>
<li>Disruption exposes Europe's vulnerability due to reliance on few gas suppliers. Norway supplied 30% of Europe's gas in 2023.</li>
<li>Rising demand from Asia eating up some of Europe’s gas imports. Competition between the two continents to intensify as global demand picks up.</li>
</ul>


The European gas market panics despite 70% storage levels after Norwegian outage.
Disruption exposes Europe's vulnerability due to reliance on few gas suppliers. Norway supplied 30% of Europe's gas in 2023.
Rising demand from Asia eating up some of Europe’s gas imports. Competition between the two continents to intensify as global demand picks up.


Fragile Energy Security: Europe’s Gas Supply Woes Continue

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>Market fears production return will impact prices, with Wood McKenzie predicting increase in June production</li><li>Northeast, Permian, and Haynesville expected to see production rebound in the coming months</li><li>Price rally in US market driven by short summer positions, but weather will play a key role in price movements, with heat expected in the coming days potentially mitigating any retracement</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>

Market fears production return will impact prices, with Wood McKenzie predicting increase in June productionNortheast, Permian, and Haynesville expected to see production rebound in the coming monthsPrice rally in US market driven by short summer positions, but weather will play a key role in price movements, with heat expected in the coming days potentially mitigating any retracementThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Gas be nimble, gas be quick…but there will be repercussions

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>"El Nino has peaked and is declining, indicating a return to neutral in the southern hemisphere autumn 2024 (March-June)," the Australian Bureau of Meteorology wrote last week.</li><li>Even more the institute forecasts that El Nino may completely dissipate by June.</li><li>For our clients, that won’t come as a surprise as we highlighted this scenario over a couple of weeks.</li></ul>

"El Nino has peaked and is declining, indicating a return to neutral in the southern hemisphere autumn 2024 (March-June)," the Australian Bureau of Meteorology wrote last week.Even more the institute forecasts that El Nino may completely dissipate by June.For our clients, that won’t come as a surprise as we highlighted this scenario over a couple of weeks.

Goodbye El Nino - Hello again La Nina // The case for Bitcoin

<ul><li>In a soft-landing economic environment, history suggests that commodity indexes stay stable around the first rate cut then trend higher six months after.</li><li>Historically, industrial metals tend to lag energy by several months.</li><li>By contrast, prices of precious metals, especially gold, generally rise six months after the first rate cut then hit a temporary plateau —something we saw even during the extremes of the 2008 financial crisis and the recent pandemic. </li></ul>

In a soft-landing economic environment, history suggests that commodity indexes stay stable around the first rate cut then trend higher six months after.Historically, industrial metals tend to lag energy by several months.By contrast, prices of precious metals, especially gold, generally rise six months after the first rate cut then hit a temporary plateau —something we saw even during the extremes of the 2008 financial crisis and the recent pandemic. 

How Commodities Perform Around First Rate Cut

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)

[ETP 23/2024] Jittery Crude And Fiery Natural Gas Markets Defined Energy Markets Last Week

OPEC+ meeting outcomes failed to support oil prices. Hotter-than-expected US summer and outages in Norway sent gas prices soaring. BP & Exxon...

Mint Finance

Fragile Energy Security: Europe’s Gas Supply Woes Continue

Europe's gas market panics as Norwegian outage exposes vulnerability from reliance on few suppliers, with rising demand from Asia adding to...

Mint Finance

Global Commodities: Gas be nimble, gas be quick…but there will be repercussions

Market fears production will return strongly as current production is close to 98 bcf a day in May, expected to increase to 102.3 bcf a day in June...

At Any Rate

Goodbye El Nino - Hello again La Nina // The case for Bitcoin

"El Nino has peaked and is declining, indicating a return to neutral in the southern hemisphere autumn 2024 (March-June)," the Australian Bureau of...

The Commodity Report

How Commodities Perform Around First Rate Cut

In a soft-landing economic environment, history suggests that commodity indexes stay stable around the first rate cut then trend higher six months...

The Commodity Report

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 23/2024] Jittery Crude And Fiery Natural Gas Markets Defined Energy Markets Last Week

OPEC+ meeting outcomes failed to support oil prices. Hotter-than-expected US summer and outages in Norway sent gas prices soaring. BP & Exxon...

Mint Finance

Fragile Energy Security: Europe’s Gas Supply Woes Continue

​Europe's gas market panics as Norwegian outage exposes vulnerability from reliance on few suppliers, with rising demand from Asia adding to...

Mint Finance

Global Commodities: Gas be nimble, gas be quick…but there will be repercussions

Market fears production will return strongly as current production is close to 98 bcf a day in May, expected to increase to 102.3 bcf a day in June...

At Any Rate

Goodbye El Nino - Hello again La Nina // The case for Bitcoin

"El Nino has peaked and is declining, indicating a return to neutral in the southern hemisphere autumn 2024 (March-June)," the Australian Bureau of...

The Commodity Report

How Commodities Perform Around First Rate Cut

In a soft-landing economic environment, history suggests that commodity indexes stay stable around the first rate cut then trend higher six months...

The Commodity Report

Europe's gas market panics as Norwegian outage exposes vulnerability from reliance on few suppliers, with rising demand from Asia adding to...